Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis

Rodolphe Buda

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is, through a system of software, to analyze some theoretical aggregate models. We suggest to build a disaggregated model to compare its results with these of the aggregated one. The disaggregated model uses an analogical mechanism of the individual behaviors so that a validation of it by experiments is possible. We apply the system to the mechanism of prices and we do experiments at school, which unable the Mises-Hayek-Lange debate to be reconsidered through the computer implementation of its system.

Keywords: Economic Modelling; Simulation; Planning vs Market; Economic Software; Experimental Economics (search for similar items in EconPapers)
JEL-codes: B53 C15 C88 C90 (search for similar items in EconPapers)
Date: 1999, Revised 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4196

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