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Introduction to Agent-Based Economics

Introduction to Agent-Based Economics

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  • ISBN:9780128038345
  • Editorial: Academic Press Inc.
  • Fecha de la edición:
  • Encuadernación:
  • Nº Pág.:250
  • Idiomas:Ingles

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Introduction to Agent-Based Economics describes the principal elements of agent-based computational economics (ACE). It illustrates ACEs 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.

Part 1 An Introduction to Agent-Based Computational Economics

Part 2 Macroeconomic Agent-Based Computational Economics

1 Decentralized Interacting Macroeconomic Models and the Agent Based "Modellaccio"

2 AS-AD Representation of Macroeconomic Emergent Properties

3 Macroeconomic ABM and DSGE Models

4. Early Warning Indicator for Crises in an Agent Based Macro Model

Part 3 Macroeconomic ABM: Perspectives and Implications

5 Expectation Models in Agent-Based Computational Economics

6. Experimental Economics for ABM Validation

7. Econometric Methods for Agent Based Models

8. Modeling the Joint Distribution of Income and Consumption in Italy: A Copula-Based Approach with k-generalized Margins

9. A Networked Economy: A Survey on the Effect of Interaction in Credit

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