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An Application of Qualitative Simulation in Economics

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Author Info
Leitch, R R
Wong, Yiu Kwong
Wyatt, G J
Abstract

For many tasks, it may be more appropriate to reason with qualitative models which are an inexact representation of the real world than to use the more powerful classical tools of differential or difference equations. Qualitative methods allow us to build models which do not necessarily incorporate assumptions, such a linearity or constancy over time. Even with such imprecise knowledge, there is enough information in a qualitative description to support qualitative simulation, which predicts the possible qualitative behaviours of an economic system. Copyright 1993 by Taylor and Francis Group

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Article provided by Taylor and Francis Journals in its journal Economic Systems Research.

Volume (Year): 5 (1993)
Issue (Month): 4 ()
Pages: 377-93
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Handle: RePEc:taf:ecsysr:v:5:y:1993:i:4:p:377-93

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  1. MESNARD, Louis de, 1998. "On boolean topological methods of structural analysis," LATEC - Document de travail - Economie (1991-2003) 9802, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne. [Downloadable!]
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