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Agent-based dynamics in disaggregated growth models

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Author Info

  • Antoine Mandel

    ()
    (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne)

  • Carlo Jaeger

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

  • Steffen Fürst

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

  • Wiebke Lass

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

  • Daniel Lincke

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

  • Frank Meissner

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

  • Federico Pablo-Marti

    ()
    (Universidad de Alcalá - Pza. San Diego, s/n)

  • Sarah Wolf

    ()
    (Potsdam Institute for Climate Impact Research - Telegrafenberg A51)

Abstract

This paper presents an agent-based model of disaggregated economic systems with endogenous growth features named Lagon GeneriC. This model is thought to represent a proof of concept that dynamically complete and highly disaggregated agent-based models allow to model economies as complex dynamical systems. It is used here for "theory generation", investigating the extension to a framework with capital accumulation of Gintis results on the dynamics of general equilibrium.

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Bibliographic Info

Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00542442.

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Date of creation: Oct 2010
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Handle: RePEc:hal:cesptp:halshs-00542442

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Related research

Keywords: Agent-based models; economic growth.;

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  1. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
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Cited by:
  1. Giovanni Dosi & Giorgio Fagiolo & Mauro Napoletano & Andrea Roventini, 2014. "Fiscal and Monetary Policies in Complex Evolving Economies," INET Research Notes 40, Institute for New Economic Thinking (INET).
  2. Giorgio Fagiolo & Andrea Roventini, 2012. "Macroeconomic Policy in DSGE and Agent-Based Models," Working Papers 07/2012, University of Verona, Department of Economics.
  3. Antoine Mandel & Simone Landini & Mauro Gallegati & Herbert Gintis, 2013. "Price dynamics, financial fragility and aggregate volatility," Documents de travail du Centre d'Economie de la Sorbonne 13076, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

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