Agent-Based Modelling: A Methodology for Neo-Schumpeterian Economics

Arbeitspapier

Modellers have had to wrestle with an unavoidable trade-off between the demand of a general theoretical approach and the descriptive accuracy required to model a particular phenomenon. A new class of simulation models has shown to be well adapted to this challenge, basically by shifting outwards this trade- off: So-called agent-based models (ABMs henceforth) are increasingly used for the modelling of socio-economic developments. Our paper deals with the new requirements for modelling entailed by the necessity to focus on qualitative developments, pattern formation, etc. which is generally highlighted within Neo-Schumpeterian Economics and the possibilities given by ABMs.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Volkswirtschaftliche Diskussionsreihe ; No. 272

Classification and Topics

• Classification: Wirtschaft ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Current Heterodox Approaches: Historical; Institutional; Evolutionary
• Subject: Simulation ; Neo-Schumpeterian Economics ; Agents

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pyka, Andreas ; Fagiolo, Giorgio
• Event: Veröffentlichung
• (who): Universität Augsburg, Institut für Volkswirtschaftslehre
• (where): Augsburg
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/22795
• Last update: 10.03.2025, 11:41 AM CET