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Modeling Complex Systems

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  • XEPAPADEAS, Anastasios

Abstract

Abstract Empirical observations suggest that linear dynamics are not an adequate representa- tion of ecological systems and that a realistic representation would require adoption of complex nonlinear dynamical systems with characteristics encountered in complex adaptive systems (CAS). Adequate modelling should include and combine, among others, strategic interactions among economic agents, nonconvexities induced by non-linear feedbacks, separate spatial and temporal scales and modeling of spatiotempo-ral dynamics, and allowance of alternative time scales. Ignoring these characteristics might obscure very important features that we observe in reality such as bifurcations and irreversibilities or hysteresis. As a consequence, the design of policies that do not take CAS characteristics into account might lead to erroneous results and undesirable states of managed economic-ecological systems.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17498.

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Date of creation: 15 Aug 2009
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Handle: RePEc:pra:mprapa:17498

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Keywords: Complex adaptive systems; differential games; spatiotemporal dynamics; fast-slow variables.;

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  8. Mäler, K-G. & Xepapadeas, A. & Zeeuw, A.J. de, 2003. "The economics of shallow lakes," Open Access publications from Tilburg University urn:nbn:nl:ui:12-123314, Tilburg University.
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