Journal article

Publication year: 2008

Pages: 141-148

Journal: Journal of Economics and Statistics

Volume number: 228

Issue number: 2-3

ISSN: 0021-4027

eISSN: 2366-049X

DOI Link: https://doi.org/10.1515/jbnst-2008-2-302

Publisher: De Gruyter Brill

Abstract: 
This special issue of the Journal of Economics and Statistics is devoted to the use of agent-based models for economic policy advice. It presents a collection of research papers in different fields of applications. Special emphasis is laid oil discussing the potential and possible limitations of agent-based models for economic policy advice. The editorial provides an overview on the role of agent-based modeling in economic policy referring also to the papers presented. Further-more, it highlights the strength of the approach, i.e., the explicit microfoundation and the modeling of heterogenous agents. Finally, we also report on current limitations of the method with regard to economic policy advice and point at some areas deserving further research.

Harvard Citation style: LeBaron, B. and Winker, P. (2008) Introduction to the Special Issue on Agent-Based Models for Economic Policy Advice, Journal of Economics and Statistics, 228(2-3), pp. 141-148. https://doi.org/10.1515/jbnst-2008-2-302

APA Citation style: LeBaron, B., & Winker, P. (2008). Introduction to the Special Issue on Agent-Based Models for Economic Policy Advice. Journal of Economics and Statistics. 228(2-3), 141-148. https://doi.org/10.1515/jbnst-2008-2-302