The Many Faces of Agent-Based Computational Economics: Ecology of Agents, Bottom-Up Approaches and Paradigm Shift

Les modèles multi-agents en économie, entre agents hétérogènes, approches bottom-up et changement de paradigme

Sylvain Mignot and Annick Vignes ()
Additional contact information
Sylvain Mignot: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique, ETHICS EA 7446 - Experience ; Technology & Human Interactions ; Care & Society : - ICL - Institut Catholique de Lille - UCL - Université catholique de Lille
Annick Vignes: LISIS - Laboratoire Interdisciplinaire Sciences, Innovations, Sociétés - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Université Gustave Eiffel, ENPC - École nationale des ponts et chaussées

Post-Print from HAL

Abstract: This paper presents an overview of how agent-based computational economics can contribute to the study of economic systems. It highlights the way these models can improve our understanding of social interactions and coordination mechanisms and bring to light the complex dependencies between the micro and the macro levels of a system. It starts by describing how agent-based economics and other quantitative methods differ and complement each other. It then explains how econophysics may provide an alternative theoretical framework for a new economic science. Finally, it underlines the role of these alternative tools in the understanding of specific markets such as financial, housing or fish markets. Modeling the specific aspects of heterogeneous agents and the rules driving their interactions reveals the fact that the functioning of markets strongly depends on their architecture, the characteristics of the good exchanged and the ecology of the agents.

Keywords: Agent-based models; Social interactions; Heterogeneity; Modèles basés agents; Interactions sociales; Hétérogénéité (search for similar items in EconPapers)
Date: 2020-06-01
References: Add references at CitEc
Citations:

Published in Œconomia - History/Methodology/Philosophy, 2020, 10 (2), pp.189-229. ⟨10.4000/oeconomia.8222⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02956172

DOI: 10.4000/oeconomia.8222

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().