Theoretical and Applied Economics
No. 10 / 2006 (505)
Using the Agent-Based Modeling in Economic Field
Academia de Studii Economice Bucuresti
Abstract. The last ten years of the XX century has been the witnesses of the apparition of a new scientific field, which is usually defined as the study of “Complex adaptive systems”. This field, generic named Complexity Sciences, shares its subject, the general proprieties of complex systems across traditional disciplinary boundaries, with cybernetics and general systems theory. But the development of Complexity Sciences approaches is determined by the extensive use of Agent-Based-Models (ABM) as a research tool and an emphasis on systems, such as markets, populations or ecologies, which are less integrated or “organized” than the ones, such as companies and economies, intensively studied by the traditional disciplines. For ABM, a complex system is a system of individual agents who have the freedom to act in ways that are not always totally predictable, and whose actions are interconnected such that one agent’s actions changes the context (environment) for other agents. These are many examples of such complex systems: the stock market, the human body immune system, a business organization, an institution, a work-team, a family etc.
Contents
Empirical Approaches of the Public-Private Partnership in the Services of Public Utility
Informational Asymmetry, Sustainable Growth, Exploitation and Obligation Risks
Regulation Strategy in Natural Gas Sector. The Romanian Case
Indirect Instruments of Prudential Supervision
About some Entropy Aspects of Dissipative Systems
Aspects about Statistical Inference
Determinants of Business Cycle Convergence in Euro Area. The Romanian Case
The Institutional Investors and Corporate Governance
Proposal of Controlling Implementation in a Romanian Company
Endogenous Growth Paradigm. Implications for Economic Policy and Theory
Industrial Policy Approaches from Theory to Practice in European Union
Environmental Management Accounting (EMA): Reflection of Environmental Factors in the Accounting Processes through the Identification of the Environmental Costs Attached to Products, Processes and Services
Using the Agent-Based Modeling in Economic Field
Escape from the Alternative