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Agent-Based Models: Impact and Interdisciplinary Influences in Economics

Author

Listed:
  • Alexandre Truc

    (Université Côte d'Azur, CNRS, GREDEG, France)

  • Muriel Dal Pont Legrand

    (Université Côte d'Azur, CNRS, GREDEG, France)

Abstract

In the present paper, we investigate the diffusion of agent-based models (ABMs) in economics using a quantitative approach to better understand how the introduction of this tool in economics influenced the structure of the field as well as research programs in recent years. Our analysis shows that the proliferation of ABMs has resulted in the emergence of diverse research subfields rather than one unified research program. Most notably, we highlight how interdisciplinarity plays a pivotal role in understanding the diversity of ways in which agent-based models are integrated into economics. While in some cases ABMs are used by economists as an imported tool to address disciplinary-oriented questions in dedicated subfields journals, in other cases ABMs are a vehicle for more interdisciplinary transfers and interactions (e.g., interdisciplinary co-authorship) that are more challenging to the traditional frontiers of economics.

Suggested Citation

  • Alexandre Truc & Muriel Dal Pont Legrand, 2024. "Agent-Based Models: Impact and Interdisciplinary Influences in Economics," GREDEG Working Papers 2024-19, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2024-19
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    More about this item

    Keywords

    Agent-Based; Interdisciplinarity; Social Network Analysis;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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