| Description |
1 online resource (xxiii, 268 pages) : illustrations |
| Series |
Lecture notes in economics and mathematical systems, 0075-8442 ; 631 |
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Lecture notes in economics and mathematical systems ; v. 631.
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| Contents |
Artificial Economics; Part I Macroeconomics; 1 A Potential Disadvantage of a Low Interest Rate Policy: the Instability of Banks Liquidity; 2 Keynes in the Computer Laboratory. An Agent-Based Model with MEC, MPC, LP; 3 Pride and Prejudice on a Centralized Academic Labor Market; Part II Industrial Organization; 4 U.S. Defense Market Concentration: An Analysis of the Period 1996-2006; 5 Operator's Bidding Strategies in the Liberalized Italian Power Market; 6 Selection Processes in a Monopolistic Competition Market; Part III Market Dynamics and Auctions |
| Summary |
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 |
| Analysis |
economie |
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economics |
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bedrijfswetenschap |
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management science |
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economische theorie |
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economic theory |
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speltheorie |
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game theory |
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wiskunde |
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mathematics |
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Management studies, Business Administration, Organizational Science (General) |
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Management, bedrijfskunde, organisatiekunde (algemeen) |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Economics -- Computer simulation -- Congresses
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Economics -- Mathematical models -- Congresses
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BUSINESS & ECONOMICS -- Econometrics.
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BUSINESS & ECONOMICS -- Statistics.
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Economie de l'entreprise.
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Science économique.
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Affaires.
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Economics -- Computer simulation
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Economics -- Mathematical models
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| Genre/Form |
proceedings (reports)
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Conference papers and proceedings
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Conference papers and proceedings.
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Actes de congrès.
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| Form |
Electronic book
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| Author |
Hernández Iglesias, Cesáreo.
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Posada, Marta.
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López-Paredes, Adolfo.
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| ISBN |
9783642029561 |
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3642029566 |
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