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Artificial Economics: The Generative Method in Economics
Author(s): Cesáreo Hernández (Editor), Marta Posada (Editor), Adolfo López-Paredes (Editor)
- Publisher: Springer
- Publication Date: November 25, 2011
- Language: English
- Print length: 294 pages
- ISBN-10: 3642029574
- ISBN-13: 9783642029578
Book Description
Macroeconomics.- A Potential Disadvantage of a Low Interest Rate Policy: the Instability of Banks Liquidity.- Keynes in the Computer Laboratory. An Agent-Based Model with MEC, MPC, LP.- Pride and Prejudice on a Centralized Academic Labor Market.- Industrial Organization.- U. S. Defense Market Concentration: An Analysis of the Period 1996#x2013;2006.- Operator#x2019;s Bidding Strategies in the Liberalized Italian Power Market.- Selection Processes in a Monopolistic Competition Market.- Market dynamics and auctions.- Symmetric Equilibria in Double Auctions with Markdown Buyers and Markup Sellers.- Multi-Unit Auction Analysis by Means of Agent-Based Computational Economics.- Social Learning and Pricing Obfuscation.- Finance.- Mutual Funds Flows and the #x201C;Sheriff of Nottingham#x201D; Effect.- Foundations for a Framework for Multiagent-Based Simulation of Macrohistorical Episodes in Financial Markets.- Explaining Equity Excess Return by Means of an Agent-Based Financial Market.- Financial Markets.- Bubble and Crash in the Artificial Financial Market.- Computation of the Ex-Post Optimal Strategy for the Trading of a Single Financial Asset.- A Generative Approach on the Relationship between Trading Volume, Prices, Returns and Volatility of Financial Assets.- Information and learning.- Comparing Laboratory Experiments and Agent-Based Simulations: The Value of Information and Market Efficiency in a Market with Asymmetric Information.- Asset Return Dynamics under Alternative Learning Schemes.- An Attempt to Integrate Path-Dependency in a Learning Model.- Methodological Issues.- A Model-to-Model Analysis of the Repeated Prisoners#x2019; Dilemma: Genetic Algorithms . Evolutionary Dynamics.- Impact of Tag Recognition in Economic Decisions.- Simulation of Effects of Culture on Trade Partner Selection.
