The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for qagentsq in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveysA critical component of market-based exchange, of course, is payment, the actual transfer of money as part of an overall transaction. ... a critical mass of buyers and sellers), the rise of advertising-supported Internet content, and decreases in credit-card processing fees. ... however, and new schemesamost notably, Peppercoin [Micali and Rivest (2002)]ahave emerged aiming to provide such services. 4.
|Title||:||Handbook of Computational Economics|
|Author||:||Leigh Tesfatsion, Kenneth L. Judd|
|Publisher||:||Elsevier - 2006-05-15|