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  • © 2006

Advances in Artificial Economics

The Economy as a Complex Dynamic System

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 584)

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Table of contents (20 chapters)

  1. Front Matter

    Pages I-XV
  2. Market Structure and Economic Behaviour

    1. Front Matter

      Pages 1-1
    2. Heterogeneous Beliefs Under Different Market Architectures

      • Mikhail Anufriev, Valentyn Panchenko
      Pages 3-15
    3. Strategic Behaviour in Continuous Double Auction

      • Marta Posada, Cesáreo Hernández, Adolfo López-Paredes
      Pages 31-43
  3. Market Efficiency and the Role of Speculation

    1. Front Matter

      Pages 45-45
    2. A Broad-Spectrum Computational Approach for Market Efficiency

      • Olivier Brandoy, Philippe Mathieu
      Pages 47-61
    3. The Dynamics of Quote Prices in an Artificial Financial Market with Learning Effects

      • Andrea Consiglio, Valerio Lacagnina, Annalisa Russino
      Pages 63-75
  4. Firm-Consumer Dynamics

    1. Front Matter

      Pages 91-91
    2. Co-evolutionary Market Dynamics in a Peaked Resource Space

      • César García-Díaz, Arjen van Witteloostuijn
      Pages 93-104
    3. E-Consumers’ Search and Emerging Structure of Web-Sites Coalitions

      • Jacques Laye, Maximilien Laye, Charis Lina, Hervé Tanguy
      Pages 105-119
    4. Agent Based Modeling of Trust Between Firms in Markets

      • Alexander Gorobets, Bart Nooteboom
      Pages 121-132
  5. Social Interaction - Network Effects

    1. Front Matter

      Pages 147-147
    2. The Wisdom of Networked Evolving Agents

      • Akira Namatame
      Pages 149-165
    3. Artificial Multi-Agent Stock Markets: Simple Strategies, Complex Outcomes

      • A. O. I. Hoffmann, S. A. Delre, J. H. von Eije, W. Jager
      Pages 167-176
    4. Market Polarization in Presence of Individual Choice Volatility

      • Sitabhra Sinha, Srinivas Raghavendra
      Pages 177-190
  6. Social Interaction - Connectivity

    1. Front Matter

      Pages 201-201

About this book

Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economics, with a cluster around financial markets. This book is based on communications given at AE’2006 (Aalborg, Denmark) – the second symposium on Artificial Economics, and covers both wellknown questions of economics, like the existence of market efficiency, as well as new questions raised by the new tools, for example questions related to networks of social interaction.

Editors and Affiliations

  • Department of Economics, Politics and Public Administration, Aalborg University, Aalborg, Denmark

    Charlotte Bruun

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access