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A hands-on approach to evolutionary simulation: Nelson and Winter models in the Laboratory for Simulation Development

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  • Marco Valente and Esben Sloth Andersen

Abstract

The topic of this paper is evolutionary-economic models and how they are implemented in a new, effective system for programming and simulating such models. The evolutionary-economics simulation models are exemplified by the Nelson and Winter family of models of Schumpeterian competition in an industry (or an economy). To abbreviate we call such models NelWin models. The new system for the programming and simulation of such models is called the Laboratory for simulation development-abbreviated as Lsd.

Suggested Citation

  • Marco Valente and Esben Sloth Andersen, . "A hands-on approach to evolutionary simulation: Nelson and Winter models in the Laboratory for Simulation Development," The Electronic Journal of Evolutionary Modeling and Economic Dynamics, IFReDE - Université Montesquieu Bordeaux IV.
    • Handle: RePEc:jem:ejemed:1003
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    More about this item

    Keywords

    evolutionary modelling; simulation of industrial dynamics; Nelson and Winter; tools for simulation;
    All these keywords.

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • L00 - Industrial Organization - - General - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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