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The Missing Link: AB Models and Dynamic Microsimulation

In: Artificial Economics and Self Organization

Author

Listed:
  • Matteo Richiardi

    (University of Torino
    Collegio Carlo Alberto and LABORatorio Riccardo Revelli)

Abstract

In this note I pay tribute to two early works by Barbara Bergmann and Gunnar Eliasson which, though firmly grounded in the dynamic microsimulation literature, can be considered as the first examples of large-scale agent-based models. These attempts at building complete micro-to-macro computational models of the economy are important not only in a history of economic thought perspective, but also to encourage convergence of the two approaches in developing credible alternatives to DSGE models.

Suggested Citation

  • Matteo Richiardi, 2014. "The Missing Link: AB Models and Dynamic Microsimulation," Lecture Notes in Economics and Mathematical Systems, in: Stephan Leitner & Friederike Wall (ed.), Artificial Economics and Self Organization, edition 127, pages 3-15, Springer.
    • Handle: RePEc:spr:lnechp:978-3-319-00912-4_1
    DOI: 10.1007/978-3-319-00912-4_1
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    Citations

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    Cited by:

    1. Richiardi, Matteo & Bronka, Patryk & van de Ven, Justin, 2022. "Dynamic simulation of taxes and welfare benefits by database imputation," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA3/22, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    2. Justin van de Ven, 2017. "Exploring the Importance of Incentive Responses for Policy Projections," International Journal of Microsimulation, International Microsimulation Association, vol. 10(3), pages 134-164.
    3. van de Ven, Justin, 2017. "SIDD: An adaptable framework for analysing the distributional implications of policy alternatives where savings and employment decisions matter," Economic Modelling, Elsevier, vol. 63(C), pages 161-174.

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