ASPEN: A Microsimulation Model of the Economy

N Basu, R Pryor and T Quint

Computational Economics, 1998, vol. 12, issue 3, 223-41

Abstract: In this report we present ASPEN, a new agent-based microeconomic simulation model of the U.S. economy being developed at Sandia National Laboratories (SNL). The model is notable because it allows a large number of individual economic agents to be modeled at a high level of detail and with a great degree of freedom. Some of the features of ASPEN are (a) a sophisticated message-passing system which allows individual pairs of agents to communicate with one another, (b) the use of genetic algorithms to simulate certain agents' learning, and (c) a detailed financial sector which includes a banking system and a bond market. Results from runs of the model are also presented. Citation Copyright 1998 by Kluwer Academic Publishers.

Date: 1998
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