{"product_id":"agentbased-modelling-in-economics-9781118456071","title":"AgentBased Modelling in Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAgent-based modelling in economics           Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK           New methods of economic modelling have been sought as a result of the global economic downturn in 2008.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface viii\u003cbr\u003e\u003cbr\u003eCopyright notices ix\u003cbr\u003e\u003cbr\u003e\u003cb\u003e1 Why agent]based modelling is useful for economists 1\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e1.1 Introduction 1\u003cbr\u003e\u003cbr\u003e1.2 A very brief history of economic modelling 1\u003cbr\u003e\u003cbr\u003e1.3 What is ABM? 4\u003cbr\u003e\u003cbr\u003e1.4 The three themes of this book 5\u003cbr\u003e\u003cbr\u003e1.5 Details of chapters 6\u003cbr\u003e\u003cbr\u003eReferences 9\u003cbr\u003e\u003cbr\u003e\u003cb\u003e2 Starting agent-based modelling 11\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e2.1 Introduction 11\u003cbr\u003e\u003cbr\u003e2.2 A simple market: the basic model 12\u003cbr\u003e\u003cbr\u003e2.3 The basic framework 13\u003cbr\u003e\u003cbr\u003e2.4 Enhancing the basic model: adding prices 18\u003cbr\u003e\u003cbr\u003e2.5 Enhancing the model: selecting traders 21\u003cbr\u003e\u003cbr\u003e2.6 Final enhancement: more economically rational agents 23\u003cbr\u003e\u003cbr\u003e2.7 Running experiments 25\u003cbr\u003e\u003cbr\u003e2.8 Discussion 26\u003cbr\u003e\u003cbr\u003eAppendix 2.A The example model: full version 27\u003cbr\u003e\u003cbr\u003eReferences 28\u003cbr\u003e\u003cbr\u003e\u003cb\u003e3 Heterogeneous demand 29\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e3.1 Introduction 29\u003cbr\u003e\u003cbr\u003e3.2 Modelling basic consumer demand theory 30\u003cbr\u003e\u003cbr\u003e3.3 Practical demand modelling 39\u003cbr\u003e\u003cbr\u003e3.4 Discussion 43\u003cbr\u003e\u003cbr\u003eAppendix 3.A How to do it 46\u003cbr\u003e\u003cbr\u003eReferences 52\u003cbr\u003e\u003cbr\u003e\u003cb\u003e4 Social demand 53\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e4.1 Introduction 53\u003cbr\u003e\u003cbr\u003e4.2 Social networks 53\u003cbr\u003e\u003cbr\u003e4.3 Threshold models 56\u003cbr\u003e\u003cbr\u003e4.4 Adoption of innovative products 62\u003cbr\u003e\u003cbr\u003e4.5 Case study: household adoption of fixed-line phones in Britain 64\u003cbr\u003e\u003cbr\u003e4.6 Discussion 70\u003cbr\u003e\u003cbr\u003eAppendix 4.A How to do it 70\u003cbr\u003e\u003cbr\u003eReferences 78\u003cbr\u003e\u003cbr\u003e\u003cb\u003e5 Benefits of barter 80\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e5.1 Introduction 80\u003cbr\u003e\u003cbr\u003e5.2 One-to-one barter 81\u003cbr\u003e\u003cbr\u003e5.3 Red Cross parcels 88\u003cbr\u003e\u003cbr\u003e5.4 Discussion 96\u003cbr\u003e\u003cbr\u003eAppendix 5.A How to do it 97\u003cbr\u003e\u003cbr\u003eReferences 104\u003cbr\u003e\u003cbr\u003e\u003cb\u003e6 The market 105\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e6.1 Introduction 105\u003cbr\u003e\u003cbr\u003e6.2 Cournot–Nash model 105\u003cbr\u003e\u003cbr\u003e6.3 Market model 108\u003cbr\u003e\u003cbr\u003e6.4 Digital world model 117\u003cbr\u003e\u003cbr\u003e6.5 Discussion 124\u003cbr\u003e\u003cbr\u003eAppendix 6.A How to do it 125\u003cbr\u003e\u003cbr\u003eReferences 131\u003cbr\u003e\u003cbr\u003e\u003cb\u003e7 Labour market 132\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e7.1 Introduction 132\u003cbr\u003e\u003cbr\u003e7.2 A simple labour market model 142\u003cbr\u003e\u003cbr\u003e7.3 Discussion 151\u003cbr\u003e\u003cbr\u003eAppendix 7.A How to do it 155\u003cbr\u003e\u003cbr\u003eReferences 161\u003cbr\u003e\u003cbr\u003e\u003cb\u003e8 International trade 163\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e8.1 Introduction 163\u003cbr\u003e\u003cbr\u003e8.2 Models 172\u003cbr\u003e\u003cbr\u003e8.3 Discussion 183\u003cbr\u003e\u003cbr\u003eAppendix 8.A How to do it 185\u003cbr\u003e\u003cbr\u003eReferences 187\u003cbr\u003e\u003cbr\u003e\u003cb\u003e9 Banking 189\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e9.1 Introduction 189\u003cbr\u003e\u003cbr\u003e9.2 The banking model 198\u003cbr\u003e\u003cbr\u003e9.3 Discussion 206\u003cbr\u003e\u003cbr\u003eAppendix 9.A How to do it 209\u003cbr\u003e\u003cbr\u003eReferences 212\u003cbr\u003e\u003cbr\u003e\u003cb\u003e10 Tragedy of the commons 214\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e10.1 Introduction 214\u003cbr\u003e\u003cbr\u003e10.2 Model 218\u003cbr\u003e\u003cbr\u003e10.3 Discussion 225\u003cbr\u003e\u003cbr\u003eAppendix 10.A How to do it 228\u003cbr\u003e\u003cbr\u003eReferences 232\u003cbr\u003e\u003cbr\u003e\u003cb\u003e11 Summary and conclusions 234\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e11.1 Introduction 234\u003cbr\u003e\u003cbr\u003e11.2 The models 234\u003cbr\u003e\u003cbr\u003e11.3 What makes a good model? 237\u003cbr\u003e\u003cbr\u003e11.4 Pros and cons of ABM 238\u003cbr\u003e\u003cbr\u003eReferences 239\u003cbr\u003e\u003cbr\u003eIndex 242\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406873338199,"sku":"9781118456071","price":41.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118456071.jpg?v=1730497406","url":"https:\/\/bookcurl.com\/products\/agentbased-modelling-in-economics-9781118456071","provider":"Book Curl","version":"1.0","type":"link"}