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Agent-based models for economic policy design

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  • Dawid, Herbert
  • Neugart, Michael

Abstract

Agent-based simulation models are used by an increasing number of scholars as a tool for providing evaluations of economic policy measures and policy recommendations in complex environments. On the basis of recent work in this area we discuss the advantages of agent-based modeling for economic policy design and identify further needs to be addressed for strengthening this methodological approach as a basis for sound policy advice.
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  • Dawid, Herbert & Neugart, Michael, 2011. "Agent-based models for economic policy design," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 56072, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:56072
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/56072/
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