Agent-based modelling - A methodology for the analysis of qualitative development processes

Thomas Grebel and Andreas Pyka

No 251, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: The tremendous development of an easy access to computational power within the last 30 years has led to the widespread use of numerical approaches in almost all scientific disciplines. The first generation of simulation models was rather focused on stylized empirical phenomena. With agent-based modelling, however, the trade-off between simplicity in modelling and taking into account the complexity of the socio-economic reality has been enhanced to a large extent. This paper serves as a basic instruction on how to model qualitative change using an agent-based modelling procedure. The necessity to focus on qualitative change is discussed, agent-based modelling is explained and finally an example is given to show the basic simplicity in modelling.

Keywords: agent-based modelling; methodology; evolutionary economics; qualitative change (search for similar items in EconPapers)
JEL-codes: B52 O30 (search for similar items in EconPapers)
Date: 2003-10
New Economics Papers: this item is included in nep-cbe, nep-cmp, nep-hpe and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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https://opus.bibliothek.uni-augsburg.de/opus4/files/71206/251.pdf (application/pdf)

Related works:
Chapter: Agent-Based Modelling — A Methodology for the Analysis of Qualitative Development Processes (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0251

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