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Back to the future: Agent-based modelling and dynamic microsimulation

Matteo Richiardi, Patryk Bronka and Justin van de Ven

No CEMPA8/23, Centre for Microsimulation and Policy Analysis Working Paper Series from Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research

Abstract: In this chapter we focus on the commonalities and differences between agent-based and dynamic microsimulation analytical approaches. Starting from a shared history, we discuss how the two literatures quickly diverged. Discussion concludes with evidence of some recent convergence between agent-based and dynamic microsimulation methods, and emerging opportunities for mutual reinforcement of the two methodologies.

Date: 2023-12-01
New Economics Papers: this item is included in nep-cmp and nep-hme
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