loading
Documents

Research.Publish.Connect.

Paper

Paper Unlock

Authors: Sarah Wolf 1 ; Steffen Fürst 1 ; Sophie Knell 2 ; Wiebke Lass 2 ; Daniel Lincke 1 ; Antoine Mandel 3 ; Jonas Teitge 2 and Carlo Jaeger 4

Affiliations: 1 Global Climate Forum and Potsdam Institute for Climate Impact Research, Germany ; 2 Potsdam Institute for Climate Impact Research, Germany ; 3 Université Paris 1 Panthéon-Sorbonne, France ; 4 Global Climate Forum, Germany

ISBN: 978-989-8565-20-4

ISSN: 2184-2841

Keyword(s): Economic Agent-based Models, Scheduling, Climate Policy, Win-win Strategies.

Related Ontology Subjects/Areas/Topics: Agent Based Modeling and Simulation ; Complex Systems Modeling and Simulation ; Sensor Networks ; Simulation and Modeling ; Simulation Tools and Platforms ; Social Systems Simulation ; Software and Architectures

Abstract: Agent-based models (ABMs), and with them simulation, are gaining importance in economics. As they allow to study coordination problems in a dynamic setting, they can be helpful tools for identifying win-win strategies for climate policy. This paper argues that strongly simplified models can support a better understanding of economic ABMs. We present work in progress on an example case: while in economic systems in the real world many actions and interactions by various agents take place in parallel, often ABMs use sequential computation. With a simple economic agent-based model of firms that trade and produce goods, we explore and discuss two alternative modes of scheduling: the timetable model, where all agents complete one step after the other, and the heliotropic model, where one agent after the other completes steps. We find that the timetable model is better suited for working with data from national statistics, while the heliotropic model dispenses with random shuffling that is often introduced to guarantee symmetric expectations for agents. The latter can be used in a completely deterministic fashion, providing a baseline case for studying the system’s dynamics. (More)

PDF ImageFull Text

Download
CC BY-NC-ND 4.0

Sign In Guest: Register as new SciTePress user now for free.

Sign In SciTePress user: please login.

PDF ImageMy Papers

You are not signed in, therefore limits apply to your IP address 35.172.216.163

In the current month:
Recent papers: 100 available of 100 total
2+ years older papers: 200 available of 200 total

Paper citation in several formats:
Wolf, S.; Fürst, S.; Knell, S.; Lass, W.; Lincke, D.; Mandel, A.; Teitge, J. and Jaeger, C. (2012). Two Modes of Scheduling in a Simple Economic Agent-Based Model.In Proceedings of the 2nd International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH, ISBN 978-989-8565-20-4, ISSN 2184-2841, pages 303-308. DOI: 10.5220/0004032203030308

@conference{simultech12,
author={Sarah Wolf. and Steffen Fürst. and Sophie Knell. and Wiebke Lass. and Daniel Lincke. and Antoine Mandel. and Jonas Teitge. and Carlo Jaeger.},
title={Two Modes of Scheduling in a Simple Economic Agent-Based Model},
booktitle={Proceedings of the 2nd International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,},
year={2012},
pages={303-308},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0004032203030308},
isbn={978-989-8565-20-4},
}

TY - CONF

JO - Proceedings of the 2nd International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,
TI - Two Modes of Scheduling in a Simple Economic Agent-Based Model
SN - 978-989-8565-20-4
AU - Wolf, S.
AU - Fürst, S.
AU - Knell, S.
AU - Lass, W.
AU - Lincke, D.
AU - Mandel, A.
AU - Teitge, J.
AU - Jaeger, C.
PY - 2012
SP - 303
EP - 308
DO - 10.5220/0004032203030308

Login or register to post comments.

Comments on this Paper: Be the first to review this paper.