Agent-based modelling: a methodology for neo-Schumpeterian economics
- Modellers have had to wrestle with an unavoidable trade-off between the demand of a general theoretical approach and the descriptive accuracy required to model a particular phenomenon. A new class of simulation models has shown to be well adapted to this challenge, basically by shifting outwards this trade-off: So-called agent-based models (ABMs henceforth) are increasingly used for the modelling of socio-economic developments. Our paper deals with the new requirements for modelling entailed by the necessity to focus on qualitative developments, pattern formation, etc. which is generally highlighted within Neo-Schumpeterian Economics and the possibilities given by ABMs.
| Author: | Andreas PykaORCiDGND, Giorgio Fagiolo |
|---|---|
| URN: | urn:nbn:de:bvb:384-opus4-711789 |
| Frontdoor URL | https://opus.bibliothek.uni-augsburg.de/opus4/71178 |
| Series (Serial Number): | Volkswirtschaftliche Diskussionsreihe (272) |
| Publisher: | Volkswirtschaftliches Institut, Universität Augsburg |
| Place of publication: | Augsburg |
| Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2020/02/20 |
| Year of first Publication: | 2005 |
| Publishing Institution: | Universität Augsburg |
| Release Date: | 2020/02/21 |
| Tag: | JEL: B52, O30 |
| Page Number: | 27 |
| Institutes: | Wirtschaftswissenschaftliche Fakultät |
| Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre | |
| Schriftenreihen / Volkswirtschaftliche Diskussionsreihe | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Journals: | Volkswirtschaftliche Diskussionsreihe |
| Licence (German): |  Deutsches Urheberrecht |
