This paper describes an agent-based model of exchange and uses it to illustrate the modelling framework offered by John Holland in his book on emergence and to propagate a hypothesis about the relationship between levels of exchange and the diversity of shadow prices. On both counts, the model...

This paper presents a dynamic model of job search behavior over the Life Cycle. Individuals endogenously make consumption-saving, labor-leisure, and search decisions under capital, lifetime and wage uncertainty. We extend recent research on these types of stochastic dynamic programming models to...

A model of city formation and evolution is elaborated, based on a multi-agent model of endogenous firm formation. Agents have heterogeneous abilities, are boundedly rational, and interact directly with one another out of equilibrium in team production environments. Each agent works in a firm and...