Towards Computational Institutional Analysis: Discrete Simulation of a 3P Model

Alain Albert () and Wolfgang Balzer ()
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Alain Albert: Département des sciences administratives, Université du Québec á Hull, Case postale 1250, succursale B, Hull (Québec) Canada J8X 3X7, Canada
Wolfgang Balzer: Institut für Philosophie, Logik und Wissenschaftstheorie, Universität München, Ludwigstr.31, D-80539 München, Germany

Advances in Complex Systems (ACS), 2000, vol. 03, issue 01n04, 195-208

Abstract: A 3P model (production, predation, protection) which can be game theoretically solved for two actors is generalized tonactors and studied by means of discrete simulation. The simulations confirm robust incentives for actors to produce and predate in an institution free environment, whereas protection activity is not significantly related to the ability for protection. The model is criticized for its neglect of predators predating on each other, and for its inability to reproduce real-life proportions of producers and predators and the times these spend on the three activities.

Keywords: simulation; discrete simulation; 3p model; economics; game theory (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1142/S0219525900000157

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