A Genetic Algorithm Simulation of a Transition Economy: An Application to Insider-Privatization in Croatia

Sonja Novkovic

Computational Economics, 1998, vol. 11, issue 3, 43 pages

Abstract: A genetic algorithm simulation is applied to a model of privatization in a transition economy. Bounded-rational agents, learning by doing in a changing economic environment, are presented as a population of artificial adaptive agents. The paper examines the comparative performances of three alternative forms of genetic algorithm--the simple GA, PGA with election and EGA with elite selection. The latter version proved to be more robust than the alternatives. Citation Copyright 1998 by Kluwer Academic Publishers.

Date: 1998
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