Simulations and agent-based modelling

Jacopo Baggio and Rodolfo Baggio

No 21, Working Papers from "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi

Abstract: Agent-based modelling and numerical simulations are means that facilitate exploring the structural and dynamic characteristics of systems which may prove intractable with analytical methods. This contribution examines the issues related to them with a particular attention to their use in the study of social economic and ecological systems. Besides a general description, the possibilities, limitations and their relationship with other more traditional investigation methods are examined. Special focus is put on the assessment of their validation and reliability. Finally an application example is provided. A simple model is built to analyse the movements of tourists and the relationship between these and the attractiveness of a tourism destination. The results are discussed along with possible future developments.

Keywords: agent-based models; simulations; complex systems; tourism destination (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-10
New Economics Papers: this item is included in nep-cbe, nep-cmp and nep-tur
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