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Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis

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Author Info
Buda, Rodolphe

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Abstract

The purpose of this paper is, through a system of software, to analyze some theoretical aggregate models. We suggest to build a disaggregated model to compare its results with these of the aggregated one. The disaggregated model uses an analogical mechanism of the individual behaviors so that a validation of it by experiments is possible. We apply the system to the mechanism of prices and we do experiments at school, which unable the Mises-Hayek-Lange debate to be reconsidered through the computer implementation of its system.

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File URL: http://mpra.ub.uni-muenchen.de/4196/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4196.

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Date of creation: 1999
Date of revision: 2000
Handle: RePEc:pra:mprapa:4196

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Web page: http://mpra.ub.uni-muenchen.de
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Related research
Keywords: Economic Modelling Simulation Planning vs Market Economic Software Experimental Economics

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Find related papers by JEL classification:
C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Statistical Simulation Methods
B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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  1. Smith, Vernon L, 1989. "Theory, Experiment and Economics," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 151-69, Winter. [Downloadable!] (restricted)
  2. Herbert E. Scarf, 1967. "On the Computation of Equilibrium Prices," Cowles Foundation Discussion Papers 232, Cowles Foundation, Yale University. [Downloadable!]
  3. Buda, Rodolphe, 1994. "La modélisation macroéconomique comme processus de communication : pour une formalisation finaliste des équations de comportement," MPRA Paper 3995, University Library of Munich, Germany, revised May 1997. [Downloadable!]
  4. Buda, Rodolphe, 1998. "La simulation économique : expérimentation et apprentissage de la réalité économique," MPRA Paper 3772, University Library of Munich, Germany. [Downloadable!]
  5. Ochs, Jack & Roth, Alvin E, 1989. "An Experimental Study of Sequential Bargaining," American Economic Review, American Economic Association, vol. 79(3), pages 355-84, June. [Downloadable!] (restricted)
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