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Evolutionary models in economics: a survey of methods and building blocks

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  • Karolina Safarzyńska

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  • Jeroen Bergh

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  • Karolina Safarzyńska & Jeroen Bergh, 2010. "Evolutionary models in economics: a survey of methods and building blocks," Journal of Evolutionary Economics, Springer, vol. 20(3), pages 329-373, June.
  • Handle: RePEc:spr:joevec:v:20:y:2010:i:3:p:329-373
    DOI: 10.1007/s00191-009-0153-9
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    Cited by:

    1. Kemp-Benedict, Eric, 2013. "Resource Return on Investment under Markup Pricing," MPRA Paper 49154, University Library of Munich, Germany.
    2. Herbert Dawid & Philipp Harting, 2012. "Capturing Firm Behavior in Agent-based Models of Industry Evolution and Macroeconomic Dynamics," Chapters,in: Evolution, Organization and Economic Behavior, chapter 6 Edward Elgar Publishing.
    3. Safarzynska, Karolina & van den Bergh, Jeroen C.J.M., 2011. "Beyond replicator dynamics: Innovation-selection dynamics and optimal diversity," Journal of Economic Behavior & Organization, Elsevier, vol. 78(3), pages 229-245, May.
    4. Mercedes Bleda & Simon Shackley, 2012. "Simulation Modelling as a Theory Building Tool: The Formation of Risk Perceptions," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 15(2), pages 1-2.
    5. Wood, Aaron D. & Mason, Charles F. & Finnoff, David, 2016. "OPEC, the Seven Sisters, and oil market dominance: An evolutionary game theory and agent-based modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 66-78.
    6. Asian Development Bank (ADB), 2013. "Aid for Trade: An Investment-Benefit Road Map from South Asia," ADB Reports RPT136015-2, Asian Development Bank (ADB), revised 20 Nov 2013.
    7. repec:wsi:acsxxx:v:20:y:2017:i:02n03:n:s0219525917500035 is not listed on IDEAS
    8. J. -F. Mercure & H. Pollitt & A. M. Bassi & J. E Vi~nuales & N. R. Edwards, 2015. "Modelling complex systems of heterogeneous agents to better design sustainability transitions policy," Papers 1506.07432, arXiv.org, revised Feb 2016.
    9. Heinrich, Torsten, 2015. "Evolution-Based Approaches in Economics and Evolutionary Loss of Information," MPRA Paper 68384, University Library of Munich, Germany.
    10. Esther Blanco & Javier Lozano, 2015. "Ecolabels, uncertified abatement, and the sustainability of natural resources: an evolutionary approach," Journal of Evolutionary Economics, Springer, vol. 25(3), pages 623-647, July.
    11. Jean-François Mercure, 2015. "An age structured demographic theory of technological change," Journal of Evolutionary Economics, Springer, vol. 25(4), pages 787-820, September.
    12. Jacob Rubæk Holm & Esben Sloth Andersen & J. Stanley Metcalfe, 2016. "Confounded, augmented and constrained replicator dynamics," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 803-822, October.
    13. F. Knobloch & J. -F. Mercure, 2016. "The behavioural aspect of green technology investments: a general positive model in the context of heterogeneous agents," Papers 1603.06888, arXiv.org.
    14. Friederike Wall, 2016. "Agent-based modeling in managerial science: an illustrative survey and study," Review of Managerial Science, Springer, vol. 10(1), pages 135-193, January.
    15. Mercure, J.-F. & Pollitt, H. & Chewpreecha, U. & Salas, P. & Foley, A.M. & Holden, P.B. & Edwards, N.R., 2014. "The dynamics of technology diffusion and the impacts of climate policy instruments in the decarbonisation of the global electricity sector," Energy Policy, Elsevier, vol. 73(C), pages 686-700.
    16. Esther Blanco & Javier Lozano, 2012. "Evolutionary success and failure of wildlife conservancy programs," Working Papers 2012-18, Faculty of Economics and Statistics, University of Innsbruck.
    17. Jack Vromen, 2013. "Competition as an evolutionary process: Mark Blaug and evolutionary economics," Chapters,in: Mark Blaug: Rebel with Many Causes, chapter 9, pages 98-124 Edward Elgar Publishing.
    18. Witte, Björn-Christopher, 2012. "Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior," Economics Discussion Papers 2012-20, Kiel Institute for the World Economy (IfW).
    19. repec:spr:joevec:v:27:y:2017:i:3:d:10.1007_s00191-016-0489-x is not listed on IDEAS
    20. Friederike Wall, 2016. "Agent-based modeling in managerial science: an illustrative survey and study," Review of Managerial Science, Springer, vol. 10(1), pages 135-193, January.
    21. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.
    22. Stephan Leitner & Friederike Wall, 2015. "Simulation-based research in management accounting and control: an illustrative overview," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(2), pages 105-129, August.

    More about this item

    Keywords

    Agent based models; Diversity; Evolutionary computation; Evolutionary game theory; Growth mechanisms; Innovation; Multilevel evolution; Neo-Schumpeterian models; Selection dynamics; B52; C60; C73;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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