Simonian Bounded Rationality and Complex Behavioral Economics -- Different Modeling Approaches for Time Lag in a Monopoly -- Learning in Monopolies with Delayed Price Information -- Hotelling Duopoly Revisited -- Dynamic Oligopoly Model with Production Adjustment and Investment Costs -- A...

Subject of the present study is the agent-based computer simulation ofAgent Island. Agent Island is a macroeconomic model, which belongs to thefield of monetary theory. Agent-based modeling is an innovative tool thatmade much progress in other scientific fields like medicine or logistics.In...

The expert contributors to this book examine recent developments in empirical methods and applied simulation in evolutionary economics. Using examples of innovation and technology in industry, it is the first book to address the following questions in a systematic manner: Can evolutionary...