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Computational Methods in Economic Dynamics

  • Book
  • © 2011

Overview

Editors:
  1. Herbert Dawid

    1. FB Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld, Germany

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    You can also search for this editor in PubMed   Google Scholar

  2. Willi Semmler

    1. Dept. Economics, New School for Social Research, New York, USA

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    You can also search for this editor in PubMed   Google Scholar

  • Offers new approaches and results on computational methods in economics
  • Covers agent-based models, computational learning techniques and dynamic games
  • Presents applications such as the design of electricity markets, trading on financial markets, human capital, and migration
  • Includes supplementary material: sn.pub/extras

Part of the book series: Dynamic Modeling and Econometrics in Economics and Finance (DMEF, volume 13)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-VIII
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  2. Editorial: Computational Methods in Economic Dynamics

    • Herbert Dawid, Willi Semmler
    Pages 1-2

  4. Dynamic Policy Perspectives

    1. Front Matter

      Pages 133-133
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    2. Testing Institutional Arrangements via Agent-Based Modeling: A U.S. Electricity Market Application

      • Hongyan Li, Junjie Sun, Leigh Tesfatsion
      Pages 135-158

    3. Energy Shocks and Macroeconomic Stabilization Policies in an Agent-Based Macro Model

      • Sander van der Hoog, Christophe Deissenberg
      Pages 159-181

    4. The Impact of Migration on Origin Countries: A Numerical Analysis

      • Luca Marchiori, Patrice Pieretti, Benteng Zou
      Pages 183-195

    5. An Algorithmic Equilibrium Solution for n-Person Dynamic Stackelberg Difference Games with Open-Loop Information Pattern

      • Philipp Hungerländer, Reinhard Neck
      Pages 197-214
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Keywords

About this book

This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

Editors and Affiliations

  • FB Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld, Germany

    Herbert Dawid

  • Dept. Economics, New School for Social Research, New York, USA

    Willi Semmler

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