nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2006‒03‒18
three papers chosen by
Karl Petrick
Leeds Metropolitan University

  1. Burden sharing in a banking crisis in Europe By Dirk Schoenmaker; Charles Goodhart
  2. Agent-Based Computational Economics: A Constructive Approach to Economic Theory By Tesfatsion, Leigh S.
  3. A Guide for Newcomers to Agent-Based Modeling in the Social Sciences By Axelrod, Robert; Tesfatsion, Leigh S.

  1. By: Dirk Schoenmaker; Charles Goodhart
    Abstract: No abstract availableDownload Paper
    Date: 2006–03
  2. By: Tesfatsion, Leigh S.
    Abstract: This chapter explores the potential advantages and disadvantages of Agent-based Computational Economics (ACE) for the study of economic systems. General points are concretely illustrated using an ACE model of a two-sector decentralized market economy. Six issues are highlighted: Constructive understanding of production, pricing, and trade processes; the essential primacy of survival; strategic rivalry and market power; behavioral uncertainty and learning; the role of conventions and organizations; and the complex interactions among structural attributes, behaviors, and institutional arrangements.
    JEL: B4 C0 C6 D0
    Date: 2006–03–06
  3. By: Axelrod, Robert; Tesfatsion, Leigh S.
    Abstract: This guide provides pointers to introductory readings, software, and other materials to help newcomers become acquainted with agent-based modeling in the social sciences.
    Keywords: Agent-based modeling, resource guide
    JEL: B4 C0 C6 D0
    Date: 2006–03–06

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