Agent-Based Computational Economics Using NetLogo

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Agent-based Computational Economics using NetLogo explores how researchers can create, use and implement multi-agent computational models in Economics by using NetLogo software platform. Problems of ...
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The Computational Experiments

Pp. 72-82 (11)

Romulus-Catalin Damaceanu

Abstract

In this chapter, we perform five computer experiments that simulate the functioning of the artificial economy with different values for the three control parameters: rs={-2,-1,0,1,2}, NoProducers={1,2,3,.,100}, and NoConsumers={1,2,3,.,100}. Based on these five experiments, we measure five indexes: Herfindahl-Hirschman index, Gini index, mean value of prices for products, mean value of prices for resources, and mean value of obtained production.

Keywords:

Computer experiments, Herfindahl-Hirschman index, Gini index, composite index that measure economy performance.

Affiliation:

Faculty of Economics, "Petre Andrei" University of Iasi, Romania