Artificial Economics The Generative Method in Economics

Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models. But these applications fail to take advantage of the methods offered

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Cesáreo Hernández · Marta Posada Adolfo López-Paredes Editors

Artificial Economics The Generative Method in Economics

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Dr. Cesáreo Hernández Dr. Marta Posada Dr. Adolfo López-Paredes Valladolid University InSiSoc. E.T.S.I. Industriales Paseo del Cauce, 59 47011 Valladolid Spain [email protected] [email protected] [email protected]

ISSN 0075-8442 ISBN 978-3-642-02955-4 e-ISBN 978-3-642-02956-1 DOI 10.1007/978-3-642-02956-1 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2009931062 c Springer-Verlag Berlin Heidelberg 2009  This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: SPi Publisher Services Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Acknowledgements

Our thanks go to the members of the Scientific Committee who reviewed the submitted papers and gave most valuable comments to the authors: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Fr´ed´eric Amblard - Universit´e de Toulouse 1, France Luis Antunes - Universidade de Lisboa, Portugal Robert Axtell - Brookings Institution, George Mason University, USA Bruno Beaufils - Universit´e of Lille 1, France Olivier Brandouy - Universit´e de Lille 1, France Charlotte Bruun - Aalborg Universitet, Denmark Alessandro Cappellini - Universit`a degli Studi di Torino, Italy Silvano Cincotti - Universit`a degli Studi di Genova, Italy Andrea Consiglio - Universit`a degli Studi di Palermo, Italy Christophe Deissenberg - Universit´e de la M´editerran´ee, France Giorgo Fagiolo - LEM, Scuola Superiore Sant’Anna, Pisa, Italy Jos´e Manuel Gal´an - Universidad de Burgos, Spain Florian Hauser - Universit¨at Innsbruck, Austria Wander Jager - Rijksuniversiteit Groningen, The Netherlands Marco Janssen - Arizona State University, USA Alan Kirman - GREQAM, France Philippe Lamarre - LINA, Universit´e de Nantes, France Thomas Lux - Universit¨at zu Kiel, Germany Marco Licalzi - Universit`a ”Ca’ Foscari” di Venezia, Italy Luigi Marengo - LEM, Scuola Superiore Sant’Anna, Pisa, Italy Philippe Mathieu - Universit´e de Lille 1, France Akira Namatame - National Defense Academy, Japan Javier Pajares - Universidad de Valladolid, Spain