Agent Based Models for Economic Policy Advice: Sonderausgabe von Heft 2+3/BD. 228 Jahrbucher fur Nationalokonomie und Statistik (Jahrbücher Für Nationalökonomie Und Statistik)

LeBaron, Blake (Editor)

ISBN 10: 3828204473 / ISBN 13: 9783828204478

Published by De Gruyter Oldenbourg, 2008

About this Item

109 pages. 9.61x6.69x0.35 inches. In Stock.

Seller Inventory # __3828204473

Bibliographic Details

• Title: Agent Based Models for Economic Policy Advice: Sonderausgabe von Heft 2+3/BD. 228 Jahrbucher fur Nationalokonomie und Statistik (Jahrbücher Für Nationalökonomie Und Statistik)
• Publisher: De Gruyter Oldenbourg
• Publication Date: 2008
• Language: English
• ISBN 10: 3828204473
• ISBN 13: 9783828204478
• Binding: Paperback
• Condition: Brand New
• Weight: 0.67 kilograms

About this title

Synopsis

This special issue of the Journal of Economics and Statistics is devoted to the use of agent-based models for economic policy advice. It presents a collection of research papers in different fields of applications. Special emphasis is laid on discussing the potential and possible limitations of agent-based models for economic policy advice. The editorial provides an overview on the role of agent-based modeling in economic policy referring also to the papers presented. Furthermore, it highlights the strength of the approach, i.e., the explicit microfoundation and the modeling of heterogenous agents. Finally, we also report on current limitations of the method with regard to economic policy advice and point at some areas deserving further research.