Modeling Dynamic Economic Systems
The frontiers of physical science and technology commanded attention dur ing the last two centuries. In the next century lies the frontier of better un derstanding of the behavior of social and economic systems. Ruth and Hannon join many other pioneers
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Bruce Hannon
Matthias Ruth
Modeling Dynamic Economic Systems With a Foreword by Jay W. Forrester With 244 Illustrations and a
EXIRA MATERIALS
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Springer
Matthias Ruth Center for Energy and Environmental Studies and the Department of Geography Boston University 675 Commonwealth Avenue Boston, MA 02215 USA
Bruce Hannon Department of Geography 220 Davenport Hall, MC 150 University of Illinois Urbana, IL 61801 USA
Cover photo: ©Harald SundlThe Image Bank, 1997
Library of Congress Cataloging in Publication Data Ruth, Matthias. Modeling dynamic economic systems / Matthias Ruth, Bruce Hannon. p. cm. - (Modeling dynamic systems) Includes bibliographical references and index. lSBN-13: 978-1-4612-7480-3 e-ISBN-13: 978-1-4612-2268-2 001: 10.1007/978-1-4612-2268-2 1. Economics-Computer simulation. 2. Economics-Mathematical III. Series. models. I. Hannon, Bruce M. II. Title. HB143.5.R87 1997 330' .01'l3--c!c20
96-38303
The CD-ROM contains the run time version of the STELLA II software which is fully compatible with later versions of the software. All these versions of the software are collectively referred to in the text as STELLA. Printed on acid-free paper. ©1997 by Springer-Verlag New York, Inc. Softcover reprint of the hardcover 1st edition 1997 All rights reserved. This work consists of a printed book and a CD-ROM packaged with the book. The book and the CD-ROM may not be translated or copied in whole or in part without the written permiSSion of the publisher (Springer-Verlag New York, Inc., 175 Fifth Avenue, New York, NY 10010, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. Macintosh is a registered trademark of Apple Computer, Inc. Windows is a registered trademark of Microsoft, Inc. STELLA is a registered trademark of High Performance Systems, Inc. The use of general descriptive names, trade names, trademarks, etc., in this publication, even if the former are not especially identified, is not to be taken as a sign that such names, as understood by the Trade Marks and Merchandise Marks Act, may accordingly be used freely by anyone. Acquiring editor: Robert C. Garber Production coordinated by Impressions Book and Journal Services, Inc., Madison, WI, and managed by Terry Kornak; manufacturing supervised by Jacqui Ashri. Typeset by Impressions Book and Journal Services, Inc., Madison, WI. Additional material to this book can be downloaded from http://extras.springer.com.
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Foreword
The frontiers of physical science and technology commanded attention during the last two centuries. In the next century lies the frontier of better understanding of the behavior of social and economic systems. Ruth and Hannon join many other pioneers explorin
