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This note describes the construction of two versions of an algorithm to compute the Standard ratio as described by Piero Sraffa in his famous Production of commodities by means of commodities (PCMC). The procedures do not rely on linear algebra operations. Each routine has its advantages and...
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Computer simulations of economic systems are slowly gaining ground within the economic profession. However, such a process is hindered by a lack of communication among researchers who do not share a common language. For its object-oriented structure and its versatility, Swarm has the necessary...
Persistent link: https://www.econbiz.de/10013518855
This volume on financial and economic simulations in Swarm marks the continued progress by a group of researchers to incorporate agent-based computer models as an important tool within their discipline. Swarm promotes agent-based computer models as a tool for the study of complex systems. A...
Persistent link: https://www.econbiz.de/10013519379