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.

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Metadaten
Author:Andreas PykaORCiDGND, Giorgio Fagiolo
URN:urn:nbn:de:bvb:384-opus4-711789
Frontdoor URLhttps://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
Year of first Publication:2005
Publishing Institution:Universität Augsburg
Release Date:2020/02/21
Tag:JEL: B52, O30
Pagenumber:27
Institutes:Wirtschaftswissenschaftliche Fakultät
Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Journals:Volkswirtschaftliche Diskussionsreihe
Licence (German):Deutsches Urheberrecht