A hands-on approach to evolutionary simulation: Nelson and Winter models in the Laboratory for Simulation Development
AbstractThe 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.
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Bibliographic InfoArticle provided by IFReDE - Université Montesquieu Bordeaux IV in its journal The Electronic Journal of Evolutionary Modeling and Economic Dynamics.
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evolutionary modelling; simulation of industrial dynamics; Nelson and Winter; tools for simulation;
Find related papers by JEL classification:
- C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
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- L00 - Industrial Organization - - General - - - General
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
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