Interaction in agent-based economics: A survey on the network approach
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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Title
Interaction in agent-based economics: A survey on the network approachDate
2014Publisher
ElsevierISSN
0378-4371Type
info:eu-repo/semantics/articlePublisher version
http://www.sciencedirect.com/science/article/pii/S0378437113011539#Version
info:eu-repo/semantics/submittedVersionSubject
Abstract
In this paper we aim to introduce the reader to some basic concepts and instruments used
in a wide range of economic networks models. In particular, we adopt the theory of random
networks as the main tool to describe ... [+]
In this paper we aim to introduce the reader to some basic concepts and instruments used
in a wide range of economic networks models. In particular, we adopt the theory of random
networks as the main tool to describe the relationship between the organization of interaction
among individuals within different components of the economy and overall aggregate
behavior. The focus is on the ways in which economic agents interact and the possible consequences
of their interaction on the system. We show that network models are able to
introduce complex phenomena in economic systems by allowing for the endogenous evolution
of networks. [-]
Is part of
Physica A 399 (2014) 1–15Rights
© 2013 Elsevier B.V. All rights reserved.
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- ECO_Articles [688]