Progress in Artificial Economics Computational and Agent-Based Model
Artificial economics aims to provide a generative approach to understanding problems in economics and social sciences. It is based on the consistent use of agent-based models and computational techniques. It encompasses a rich variety of techniques that g
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Founding Editors: M. Beckmann H.P. Künzi Managing Editors: Prof. Dr. G. Fandel Fachbereich Wirtschaftswissenschaften Fernuniversität Hagen Feithstr. 140/AVZ II, 58084 Hagen, Germany Prof. Dr. W. Trockel Institut für Mathematische Wirtschaftsforschung (IMW) Universität Bielefeld Universitätsstr. 25, 33615 Bielefeld, Germany Editorial Board: H. Dawid, D. Dimitrow, A. Gerber, C-J. Haake, C. Hofmann, T. Pfeiffer, R. Slowiński, W.H.M. Zijm
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Marco LiCalzi · Lucia Milone · Paolo Pellizzari Editors
Progress in Artificial Economics Computational and Agent-Based Models
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Prof. Dr. Marco LiCalzi Ca’ Foscari University of Venice Dept. Applied Mathematics Cannaregio 873 30121 Venezia Italy [email protected]
Dipl. Oec. Lucia Milone Ca’ Foscari University of Venice Advanced School of Economics Cannaregio 873 30121 Venezia Italy [email protected]
Prof. Dr. Paolo Pellizzari Ca’ Foscari University of Venice Dept. Applied Mathematics Cannaregio 873 30121 Venezia Italy [email protected]
ISSN 0075-8442 ISBN 978-3-642-13946-8 e-ISBN 978-3-642-13947-5 DOI 1 0.1007/978-3-642-13947-5 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2010932758 © Springer-Verlag Berlin Heidelberg 2010 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 permissions for use must always be obtained from Springer. Violations are liable for 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: WMXDesign GmbH, Heidelberg, Germany Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
This volume collects the contributions presented at the sixth event in the annual Artificial Economics conference. (For more information on former conferences, see http://www.artificial-economics.org/.) We received 48 submissions and based our acceptance decisions on a total of 137 referee’s reports, leading to an average number of reports close to three per paper. We had to make difficult choices and we regret having been unable to include more papers. Upon reaching a sixth anniversary, one should be able to answer a simple and basic question such as “What is Artificial Economics?” When working on this book, the editors came back to this question many times and had lively discussions leading to the conclusion that a proper answer requires a fair amount of car
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