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The first step-by-step introduction to the methodology of agent-based models in economics, their mathematical and statistical analysis, and real-world applications.
This book presents the contributions to the first Wild@Ace conference. The acronym stands for ?Workshop on Industrial and Labor Dynamics ? The Agent-Based Computational Aproach?, and it has been the first event ever focusing on the very promising use of the agent-based simulation approach for investigation of labor economics and industrial organization issues.Agent-based models are computer models in which a multitude of agents ? each embodied in a specific software code ? interact. These agents can represent individuals households, firms, institutions, etc. Moreover, ?special? agents can be added to observe and monitor individual and collective behavior. One of the main purpose of writing a...
The field of artificial economics (AE) embraces a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The overarching principle of AE is the analysis of aggregate properties of artificial economies populated by adaptive agents that are equipped with behavioural rules and specific individual targets. These aggregate properties are neither foreseen nor intended by the artificial agents; conversely they are emerging characteristics of such artificially simulated systems. The book presents a peer-reviewed collection of papers addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues.
The European Social Model is at a crossroad. Although from the 1990s onwards, the threat of an imminent crisis shaped much of the rhetoric surrounding the future of the welfare state, disagreement within the academic community remains. What is however increasingly clear is that with the global financial crisis and the Euro crisis that followed it, the challenges the European Social Model faces have become more acute and demand action. This volume launches a multifaceted inquiry into these challenges. Each contribution, written by renowned scholars in their fields, represents an in-depth exploration of issues that cut to the core of current political, economic and social processes. They are an invitation to the seasoned scholars as well as to the beginning students of social sciences, public administration or journalism to engage with, by now, a large body of scholarship, to accompany the authors in their endeavours to seek an explanation to burning questions and start their own inquiries.
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are r...
Examining the occupational variation within non-standard employment, this book combines case studies and comparative writing to illustrate how and why alternative occupational employment patterns are formed. Through expert contributions, a framework is
Explores how individuals and groups adapt to the challenges of globalization. In this era of globalization, people organize into fluid, adaptive networks to solve complex problems and provide resources that nation-states cannot. Examples include the Grameen Bank, mHealth, and the Ushahidi open source software project. Why do these networks succeed where nation-states fail? Only recently have social scientists developed tools to understand exactly how these complex networks self-organize, emerge, adapt, and solve collective problems. Three of these toolsagent-based modeling, social network analysis, and evolutionary computingare converging in a field known as computational social science....
This volume of 23 essays on diverse aspects of the complex and challenging concept of "decent work" has its inception in the "Impulses of Salzburg 2009". Questions of decent work and decent unemployment have become especially salient in times of an economic and financial crisis. The establishment of decent working conditions and decent unemployment provisions - a complex matter of securing the right ethical mix of security and incentives - are perceived as major challenges not only for developing and undeveloped countries, which still don't have stable economies and where the rate of poverty and corruption is still high, but also for "developed" societies themselves.
In-work poverty is a reality for too many persons in the European Union (EU). Although everyone is in agreement that poverty must be reduced, rarely is there a specific focus on the plight of those who, despite working, are poor. This important book is the first to unreservedly meet the challenge of defining, measuring, and comparing the legal regimes to combat in-work poverty in Europe, fully attending to the strengths and shortcomings of indicators and allowing the assessment of comparative best practices among the Member States. The distinguished contributors each describe and analyse this complex and multidimensional phenomenon, with its manifold and intertwined causes, in relation to su...
Considers the policy debates surrounding unemployment in Western Europe after the outbreak of the Great Recession.