Agent Based Computational Economics

Articles to read

  • "Evolutionary theorizing in economics", by Richard R. Nelson and Sidney G. Winter. Journal of Economic Perspectives, 16(2):23-46, Spring 2002.
  • "Computationally intensive analyses in economics", by Kenneth L. Judd. Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics.
  • "Agent-based computational economics: A constructive approach to economic theory", by Leigh Tesfatsion. Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics.

Questions to think about

  • What do Nelson & Winter mean by "evolutionary"?
  • Does the evolutionary view of the firm and industry really amount to the same as the neoclassical view?
  • How and why is the Walrasian auctioneer important to economic theories?
  • What are advantages and disadvantages of using agent-based computational economics?
  • If you weren't sure about what to do your paper for this class on, then after this day's readings you should have a wealth of topics to choose from.

Other readings

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License