Handbook of Computational Economics: Agent-Based Computational Economics, Vol. 2

905 Pages·2006·5.99 MB·English

by  Tesfatsion L. (ed.)

HANDBOOK OF COMPUTATIONAL ECONOMICS
VOLUME 2
HANDBOOKS
IN
ECONOMICS
13
SeriesEditors
KENNETH J. ARROW
MICHAEL D. INTRILIGATOR
AMSTERDAM•BOSTON•HEIDELBERG•LONDON
NEWYORK•OXFORD•PARIS•SANDIEGO
SANFRANCISCO•SINGAPORE•SYDNEY•TOKYO
HANDBOOK OF
COMPUTATIONAL
ECONOMICS
VOLUME 2
AGENT-BASED COMPUTATIONAL
ECONOMICS
Editedby
LEIGH TESFATSION
IowaUniversity
and
KENNETH L. JUDD
StanfordUniversity
AMSTERDAM•BOSTON•HEIDELBERG•LONDON
NEWYORK•OXFORD•PARIS•SANDIEGO
SANFRANCISCO•SINGAPORE•SYDNEY•TOKYO
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Firstedition2006
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ISBN-13:978-0-444-51253-6
ISBN-10:0-444-51253-5
ISSN:0169-7218(HandbooksinEconomicsseries)
ISSN:1574-0021(HandbookofComputationalEconomicsseries)
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INTRODUCTIONTOTHESERIES
The aim of the Handbooks in Economics series is to produce Handbooks for various
branches of economics, each of which is a definitive source, reference, and teaching
supplement for use by professional researchers and advanced graduate students. Each
Handbookprovidesself-containedsurveysofthecurrentstateofabranchofeconomics
intheformofchapterspreparedbyleadingspecialistsonvariousaspectsofthisbranch
ofeconomics.Thesesurveyssummarizenotonlyreceivedresultsbutalsonewerdevel-
opments,fromrecentjournalarticlesanddiscussionpapers.Someoriginalmaterialis
also included, but the main goal is to provide comprehensive and accessible surveys.
TheHandbooksare intendedto providenotonlyuseful referencevolumesfor profes-
sional collections but also possible supplementary readings for advanced courses for
graduatestudentsineconomics.
KENNETHJ.ARROWandMICHAELD.INTRILIGATOR
PUBLISHER’SNOTE
For a complete overview of the Handbooks in Economics Series, please refer to the
listingattheendofthisvolume.
v
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CONTENTSOFTHEHANDBOOK
VOLUME1
IntroductiontotheSeries
PrefacetotheHandbook
PART1:ECONOMICTOPICS
Chapter1
ComputableGeneralEquilibriumModellingforPolicyAnalysisandForecasting
PETERB.DIXONandB.R.PARMENTER
Chapter2
ComputationofEquilibriainFiniteGames
RICHARDD.McKELVEYandANDREWMcLENNAN
Chapter3
ComputationalMethodsforMacroeconometricModels
RayC.FAIR
Chapter4
MechanicsofFormingandEstimatingDynamicLinearEconomies
EVANW.ANDERSON,LARSPETERHANSEN,ELLENR.McGRATTAN
andTHOMASJ.SARGENT
Chapter5
NonlinearPricingandMechanismDesign
ROBERTWILSON
Chapter6
SectoralEconomics
DAVIDA.KENDRICK
PART2:COMPUTERSCIENCETOPICS
Chapter7
ParallelComputation
ANNANAGURNEY
vii
viii ContentsoftheHandbook
Chapter8
ArtificialIntelligenceinEconomicsandFinance:AStateoftheArt–1994Therealestate
priceandassetsandliabilityanalysiscase
L.F.PAUandTAN,PANYONG
Chapter9
NeuralNetworksforEncodingandAdaptinginDynamicEconomies
I.-KOOCHOandTHOMASJ.SARGENT
Chapter10
ModelingLanguagesinComputationalEconomics:GAMS
STAVROSA.ZENIOS
Chapter11
MathematicaforEconomists
HALR.VARIAN
PART3:NUMERICALMETHODS
Chapter12
Approximation,Perturbation,andProjectionMethodsinEconomicAnalysis
KENNETHL.JUDD
Chapter13
NumericalMethodsforLinear-QuadraticModels
HANSAMMAN
Chapter14
NumericalDynamicProgramminginEconomics
JOHNRUST
Chapter15
MonteCarloSimulationandNumericalIntegration
JOHNGEWEKE
Index
VOLUME2
IntroductiontotheSeries
Preface
PART1:ACERESEARCHREVIEWS
Chapter16
Agent-BasedComputationalEconomics:AConstructiveApproachtoEconomicTheory
LEIGHTESFATSION
ContentsoftheHandbook ix
Chapter17
ComputationallyIntensiveAnalysesinEconomics
KENNETHL.JUDD
Chapter18
AgentLearningRepresentation:AdviceonModellingEconomicLearning
THOMASBRENNER
Chapter19
Agent-BasedModelsandHumanSubjectExperiments
JOHNDUFFY
Chapter20
EconomicActivityonFixedNetworks
ALLENWILHITE
Chapter21
ACEModelsofEndogenousInteractions
NICOLAASJ.VRIEND
Chapter22
SocialDynamics:TheoryandApplications
H.PEYTONYOUNG
Chapter23
HeterogeneousAgentModelsinEconomicsandFinance
CARSH.HOMMES
Chapter24
Agent-BasedComputationalFinance
BLAKELEBARON
Chapter25
Agent-BasedModelsofInnovationandTechnologicalChange
HERBERTDAWID
Chapter26
Agent-BasedModelsofOrganizations
MYONG-HUNCHANGandJOSEPHE.HARRINGTON,JR.
Chapter27
MarketDesignUsingAgent-BasedModels
ROBERTMARKS
Chapter28
AutomatedMarketsandTradingAgents
JEFFREYK.MACKIE-MASONandMICHAELP.WELLMAN