A hands-on approach to evolutionary simulation: Nelson and Winter models in the Laboratory for Simulation Development
Marco Valente and Esben Sloth Andersen
Authors registered in the RePEc Author Service: Marco Valente () and
Esben Sloth Andersen ()
The Electronic Journal of Evolutionary Modeling and Economic Dynamics
The topic of this paper is evolutionary-economic models and how they are implemented in a new, effective system for programming and simulating such models. The evolutionary-economics simulation models are exemplified by the Nelson and Winter family of models of Schumpeterian competition in an industry (or an economy). To abbreviate we call such models NelWin models. The new system for the programming and simulation of such models is called the Laboratory for simulation development-abbreviated as Lsd.
Keywords: evolutionary modelling; simulation of industrial dynamics; Nelson and Winter; tools for simulation (search for similar items in EconPapers)
JEL-codes: C60 C88 L00 L10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:jem:ejemed:1003
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