Time in discrete agent-based models of socio-economic systems

Nicola Botta (), Antoine Mandel and Cezar Ionescu ()
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Nicola Botta: Potsdam Institute for Climate Impact Research, https://www.pik-potsdam.de/
Cezar Ionescu: Potsdam Institute for Climate Impact Research, https://www.pik-potsdam.de/

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: We formulate the problem of computing time in discrete dynamical agent-based models in the context of socio-economic modeling. For such formulation, we outline a simple solution. This requires minimal extensions of the original untimed model. The proposed solution relies on the notion of agent-specific schedules of action and on two modeling assumptions. These are fulfilled by most models of pratical interest. For models for which stronger assumptions can be made, we discuss alternative formulations

Keywords: Agent-based models; time (search for similar items in EconPapers)
JEL-codes: C63 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2010-09
New Economics Papers: this item is included in nep-cmp
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http://mse.univ-paris1.fr/pub/mse/CES2010/10076.pdf (application/pdf)

Related works:
Working Paper: Time in discrete agent-based models of socio-economic systems (2010)
Working Paper: Time in discrete agent-based models of socio-economic systems (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:10076

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