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Lecture Notes in Economics and Mathematical Systems

Artificial Economics

The Generative Method in Economics

Editors: Hernández, Cesáreo, Posada Calvo, Marta, López-Paredes, Adolfo (Eds.)

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eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-642-02956-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
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  • Immediate eBook download after purchase
Softcover $139.99
price for USA in USD
  • ISBN 978-3-642-02955-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models. But these applications fail to take advantage of the methods offered by artificial economics (AE) through artificial intelligence and distributed computing. AE is a bottom-up and generative approach of agent-based modelling developed to get a deeper insight into the complexity of economics. AE can be viewed as a very elegant and general class of modelling techniques that generalize numerical economics, mathematical programming and micro simulation approaches. The papers presented in this book address methodological questions and applications of AE to macroeconomics, industrial organization, information and learning, market dynamics, finance and financial markets.

Reviews

From the reviews: “Artificial Economics: The Generative Method in Economics represents the proceedings of the Artificial Economics Conference … . Given the breadth of topics covered – from Auction Theory to labor markets … certainly something to be found for everybody with an interest in Agent–Based Modeling in economics. … I have enjoyed reading the contributions to this volume. … This volume is an impressive snapshot of the current state of the art in Agent–Based Computational Economics and host to a lot of fresh ideas … .” (Wolfgang Radax, Journal of Artificial Societies and Social Simulation, Vol. 13 (1), 2010)

Table of contents (21 chapters)

  • A Potential Disadvantage of a Low Interest Rate Policy: the Instability of Banks Liquidity

    Giulioni, Gianfranco

    Pages 3-14

  • Keynes in the Computer Laboratory. An Agent-Based Model with MEC, MPC, LP

    Canzian, Giulia (et al.)

    Pages 15-28

  • Pride and Prejudice on a Centralized Academic Labor Market

    Caillou, Philippe (et al.)

    Pages 29-40

  • U. S. Defense Market Concentration: An Analysis of the Period 1996–2006

    Zandbergen, Wayne

    Pages 43-52

  • Operator’s Bidding Strategies in the Liberalized Italian Power Market

    Guerci, Eric (et al.)

    Pages 53-66

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-642-02956-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.99
price for USA in USD
  • ISBN 978-3-642-02955-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Artificial Economics
Book Subtitle
The Generative Method in Economics
Editors
  • Cesáreo Hernández
  • Marta Posada Calvo
  • Adolfo López-Paredes
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
631
Copyright
2009
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-02956-1
DOI
10.1007/978-3-642-02956-1
Softcover ISBN
978-3-642-02955-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XXIV, 268
Number of Illustrations
70 b/w illustrations
Topics