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2019 | OriginalPaper | Buchkapitel

1. Agent-Based Computational Economics and Industrial Organization Theory

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Abstract

Agent-based computational economics (ACE) is “the computational study of economic processes modeled as dynamic systems of interacting agents.” This new perspective offered by agent-based approach makes it suitable for building models in industrial organization (IO), whose scope is the study of the strategic behavior of firms and their direct interactions. Better understanding of industries’ dynamics is useful in order to analyze firms’ contribution to economic welfare and improve government policy in relation to these industries.

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Metadaten
Titel
Agent-Based Computational Economics and Industrial Organization Theory
verfasst von
Claudia Nardone
Copyright-Jahr
2019
DOI
https://doi.org/10.1007/978-3-030-22605-3_1

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