Advances in Artificial Economics PDF
Preview Advances in Artificial Economics
Lecture Notes in Economics and Mathematical Systems 676 Frédéric Amblard Francisco J. Miguel Adrien Blanchet Benoit Gaudou Editors Advances in Artificial Economics Lecture Notes in Economics and Mathematical Systems 676 FoundingEditors: M.Beckmann H.P.Künzi ManagingEditors: Prof.Dr.G.Fandel FachbereichWirtschaftswissenschaften FernuniversitätHagen Hagen,Germany Prof.Dr.W.Trockel MuratSertelInstituteforAdvancedEconomicResearch IstanbulBilgiUniversity Istanbul,Turkey and InstitutfürMathematischeWirtschaftsforschung(IMW) UniversitätBielefeld Bielefeld,Germany EditorialBoard: H.Dawid,D.Dimitrov,A.Gerber,C-J.Haake,C.Hofmann,T.Pfeiffer, R.Slowin´ski,W.H.M.Zijm Moreinformationaboutthisseriesat http://www.springer.com/series/300 Frédéric Amblard (cid:129) Francisco J. Miguel (cid:129) Adrien Blanchet (cid:129) Benoit Gaudou Editors Advances in Artificial Economics 123 Editors FrédéricAmblard FranciscoJ.Miguel AdrienBlanchet LaboratoryforSocio-Historical BenoitGaudou Dynamics(LSDS) UniversityToulouse1Capitole UniversitatAutònomadeBarcelona Toulouse France CerdanyoladelVallès Spain ISSN0075-8442 ISSN2196-9957(electronic) ISBN978-3-319-09577-6 ISBN978-3-319-09578-3(eBook) DOI10.1007/978-3-319-09578-3 SpringerChamHeidelbergNewYorkDordrechtLondon LibraryofCongressControlNumber:2014955224 ©SpringerInternationalPublishingSwitzerland2015 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpartof thematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations,recitation, broadcasting,reproductiononmicrofilmsorinanyotherphysicalway,andtransmissionorinformation storageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilarmethodology nowknownorhereafterdeveloped.Exemptedfromthislegalreservationarebriefexcerptsinconnection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. 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Printedonacid-freepaper SpringerispartofSpringerScience+BusinessMedia(www.springer.com) Preface The interactions between Computer Science and the Social Sciences have grown fruitfullyalongthepast20 years.Themutualbenefitsofsuch a cross-fertilization standaswellataconceptual,technologicalormethodologicallevel.Economicsin particularbenefitedfrominnovationsin multi-agentsystemsin ComputerScience leading to agent-based computational economics and in return the multi-agent systems benefited for instance of economic researches related to mechanisms of incentivesandregulationtodesignself-organizedsystems. Created 10 years ago, in 2005 in Lille (France) by Philippe Matthieu and his team, the Artificial Economics conference series reveals the liveliness of the collaborations and exchanges among computer scientists and economists in particular. The excellent quality of this conference has been recognized since its inceptionand its proceedingshave been regularlypublishedin Springer’sLecture Notes in Economicsand Mathematical Systems series. At about the same period, theEuropeanSocialSimulationAssociationwascreatedanddecidedtosupportan annual conference dedicated to computational approaches of the social sciences. Both communities kept going alongside for the past ten years presenting evident overlaps concerning either their approaches or their members. This year, both conferenceshavedecidedtojointheireffortsandholdacommonconference,Social SimulationConference,inBarcelona,Spain,1stto5thSeptember2014whichwill hostthe10theditionoftheArtificialEconomicsConference. Inthisedition,32submissionsfrom11countrieswerereceived,fromwhichwe selected 20 for presentation (near 60 % acceptance). The papers have then been revised and extended and 19 papers were selected in order to make part of this volume. We are very grateful to the authors of the submissions who providedthe basic material of the conference, i.e. original and interesting research articles. We are alsoverygratefultoallthemembersoftheProgramCommitteeandtheadditional reviewersfortheirhardwork.ThanksarealsoduetoPaoloPellizari,AndreaTeglio, v vi Preface Tim Verwaart and Friederike Wall (members of the AE Steering Committee) and FlaminioSquazzoni(ESSAPresident). Toulouse,France FrédéricAmblard CerdanyoladelVallès,Spain FrancescJ.Miguel Toulouse,France BenoitGaudou Toulouse,France AdrienBlanchet Summer2014 Acknowledgements We would like to thank all the members of the Scientific Committee for their participationintheselectionofenclosedpapers: FrédéricAmblard(Chair)—IRIT,UniversitéToulouse1Capitole,France SimoneAlfarano—UniversidadJaumeIdeCastellón,Spain JavierArroyo—UniversityComplutensedeMadrid,Spain BrunoBeaufils—LIFL,UniversitéLille1,France DorisBehrens—Alpen-AdriaUniversität,Austria OlivierBrandouy—UniversityofParis1,France CharlotteBruun—AalborgUniversity,Denmark AndreaConsiglio—UniversitàdegliStudidiPalermo,Italy GiorgioFagiolo—ScuolaSuperioreSant’Anna,Italy JoséManuelGalán—UniversidaddeBurgos,Spain LynneHamill—UniversityofSurrey,UnitedKingdom FlorianHauser—UniversitätInnsbruck,Austria CesáreoHernández—UniversidaddeValladolid,Spain JeanDanielKant—UniversityofParis6,France StephanLeitner—Alpen-Adria-Universität,Klagenfurt,Austria MarcoLicalzi—Università“Ca’Foscari”diVenecia,Italy PhilippeMathieu—LIFL,UniversitéLille1,France MishaelMilakovic—UniversityofBamberg,Germany AkiraNamatame—NationalDefenseAcademy,Japan SjoukjeOsinga—WageningenUniversity,TheNetherlands PaoloPellizzari—Università“Ca’Foscari”diVenecia,Italy MartaPosada—UniversidaddeValladolid,Spain MarcoRaberto—UniversitàdiGenova,Italy JulietteRouchier—CNRS,France EnricoScalas—UniversitàdelPiemonteOrientale,Italy KlausSchredelseker—UniversitätInnsbruck,Austria FlaminioSquazzoni—UniversityofBrescia,Italy AndreaTeglio—UniversidadJaumeIdeCastellón,Spain vii viii Acknowledgements ElpidaTzafestas—UniversityofAthens,Greece TimVerwaart—WageningenUniversity,TheNetherlands FriederikeWall—Alpen-Adria-UniversitätKlagenfurt,Austria MuratYildizoglu—Univ.MontesquieuBordeauxIV,France Contents Does Collaboration Pay? An Investigation for the Domain ofDistributedInvestmentDecisions ................................................. 1 StephanLeitner,AlexanderBrauneis,andAlexandraRausch WhyDoFirmsExist?................................................................. 15 VipinP.Veetil The“Win-Continue,Lose-Reverse”RuleinCournotOligopolies: RobustnessofCollusiveOutcomes................................................... 33 SegismundoS.IzquierdoandLuisR.Izquierdo OrganizationalChangeforItsOwnSake? .......................................... 45 FriederikeWall BestPracticesinProgrammingAgent-BasedModelsinEconomics andFinance........................................................................... 57 A.VermeirandH.Bersini BuildingArtificialEconomies:FromAggregateDatatoExperimental Microstructure.AMethodologicalSurvey........................................... 69 Gianfranco Giulioni, Paola D’Orazio, Edgardo Bucciarelli, andMarcelloSilvestri SpontaneousSegregationofAgentsAcrossDoubleAuctionMarkets .............. 79 AleksandraAloric´,PeterSollich,andPeterMcBurney TheJ-CurveandTransactionTaxes:InsightsfromanArtificialStock Market ................................................................................ 91 LinaKalimullinaandRainerSchöbel What Is the Impact of Heterogeneous Knowledge About FundamentalsonMarketLiquidityandEfficiency:AnABM Approach.............................................................................. 105 VivienLespagnolandJulietteRouchier ix
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