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Introduction to Agent-Based Economics

1st Edition - August 3, 2017

Editors: Mauro Gallegati, Antonio Palestrini, Alberto Russo

Language: English
Hardback ISBN:
9 7 8 - 0 - 1 2 - 8 0 3 8 3 4 - 5
eBook ISBN:
9 7 8 - 0 - 1 2 - 8 0 3 9 0 3 - 8

Introduction to Agent-Based Economics describes the principal elements of agent-based computational economics (ACE). It illustrates ACE’s theoretical foundations, which are roote… Read more

Introduction to Agent-Based Economics

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Introduction to Agent-Based Economics describes the principal elements of agent-based computational economics (ACE). It illustrates ACE’s theoretical foundations, which are rooted in the application of the concept of complexity to the social sciences, and it depicts its growth and development from a non-linear out-of-equilibrium approach to a state-of-the-art agent-based macroeconomics. The book helps readers gain a better understanding of the limits and perspectives of the ACE models and their capacity to reproduce economic phenomena and empirical patterns.