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Handbook of Computational Economics

Agent-Based Computational Economics

  • 1st Edition, Volume 2 - May 15, 2006
  • Editors: Leigh Tesfatsion, Kenneth L. Judd
  • Language: English
  • Hardback ISBN:
    9 7 8 - 0 - 4 4 4 - 5 1 2 5 3 - 6
  • eBook ISBN:
    9 7 8 - 0 - 0 8 - 0 4 5 9 8 7 - 5

The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on… Read more

Handbook of Computational Economics

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The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.