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Industry And Labor Dynamics: The Agent-based Computational Economics Approach, Proceedings Of The Wild@ace 2003 Workshop, Torino, Italy  3 - 4 October 2003
 
 
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Industry And Labor Dynamics: The Agent-based Computational Economics Approach, Proceedings Of The Wild@ace 2003 Workshop, Torino, Italy 3 - 4 October 2003 [Hardcover]

Roberto Leombruni (Editor), Matteo Richiardi (Editor)

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Book Description

November 28, 2004
This book presents the contributions to the first Wild@Ace conference. The acronym stands for "Workshop on Industrial and Labor Dynamics -- The Agent-Based Computational Aproach", and it has been the first event ever focusing on the very promising use of the agent-based simulation approach for investigation of labor economics and industrial organization issues. Agent-based models are computer models in which a multitude of agents -- each embodied in a specific software code -- interact. These agents can represent individuals households, firms, institutions, etc. Moreover, "special" agents can be added to observe and monitor individual and collective behavior. One of the main purpose of writing an ACE model is to gain intuitions on the two-way feedback between the microstructure and the macrostructure of a phenomenon of interest. How is it that simple aggregate regularities may arise from individual disorder? Or that a nice structure at an individual level may lead to a complete absence of regularity in the aggregate? How is it that the complex interaction of very simple individuals may lead to surprisingly complicated aggregate dynamics? Or that sophisticated agents may be unable to organize themselves in any interesting way? The book includes contributions by some of the most distinguished researchers in the field, such as the economists Alan Kirman, Giovanni Dosi, Leigh Tesfatsion and Mauro Gallegati, and the sociologist Nigel Gilbert.

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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
industrial districts, first attractor state, trade cycle loop, exogenous matching functions, intermittent defection, market power outcomes, endogenous matching function, shirking rates, expected utility assessments, sampled generation, latched pairs, income support allowances, vacancy setting, market power levels, occupation vector, two attractor states, aggregate regularities, mutual defection payoff, average utility levels, minimum tolerance level, innovation hypothesis, job searchers, urn process, persistent network, small business system
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of Political Economy, Silicon Valley, Oxford University Press, Walrasian Archetype, University of Chicago Press, Harvard University Press, Journal of Economic Literature, American Economic Review, Working Paper, Zipf Law, Cambridge University Press, Source Amadeus, Evolving Complex System, Handbook of Labor Economics, Edward Elgar, Journal of Evolutionary Economics, Delli Gatti, Labour Economics, Department of Economics, Research Policy, European Planning Studies, Kluwer Academic Publishers, Review of Economic Studies, Quarterly Journal of Economics
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