Advances in Artificial Economics

Advances in Artificial Economics

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a€‹The book presents a peer-reviewed collection of papers presented during the 10th issue of the Artificial Economics conference, addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues. The field of artificial economics covers a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The grounding principle of artificial economics is the analysis of aggregate properties of simulated systems populated by interacting adaptive agents that are equipped with heterogeneous individual behavioral rules. These macroscopic properties are neither foreseen nor intended by the artificial agents but generated collectively by them. They are emerging characteristics of such artificially simulated systems.Leta#39;s assume the value of q for Apple in 2010, before the arrival of Samsung, is high (say, close to q D 4). ... As a consequence, Apple is in a very strong position and can put in place a pricing campaign in which prices are very ... It was possible to overcome such a€œtechnicala€ problem by replacing the battery at a cost of about $70, or just upgrading to the new iPhone 5 with a ... We do not know whether this was a measure intentionally planned to pursue the companya#39;s own objectives (seeanbsp;...

Title:Advances in Artificial Economics
Author: Frédéric Amblard, Francisco J. Miguel, Adrien Blanchet, Benoit Gaudou
Publisher:Springer - 2014-11-08

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