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Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis

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  • Buda, Rodolphe

Abstract

The purpose of this paper is, through a system of software, to analyze some theoretical aggregate models. We suggest to build a disaggregated model to compare its results with these of the aggregated one. The disaggregated model uses an analogical mechanism of the individual behaviors so that a validation of it by experiments is possible. We apply the system to the mechanism of prices and we do experiments at school, which unable the Mises-Hayek-Lange debate to be reconsidered through the computer implementation of its system.

Suggested Citation

  • Buda, Rodolphe, 1999. "Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis," MPRA Paper 4196, University Library of Munich, Germany, revised 2000.
    • Handle: RePEc:pra:mprapa:4196
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    File URL: https://mpra.ub.uni-muenchen.de/4196/1/MPRA_paper_4196.pdf
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    References listed on IDEAS

    as
    1. Hayek, F. A., 1981. "Law, Legislation and Liberty, Volume 3," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320908, October.
    2. Ochs, Jack & Roth, Alvin E, 1989. "An Experimental Study of Sequential Bargaining," American Economic Review, American Economic Association, vol. 79(3), pages 355-384, June.
    3. Régis Deloche, 1995. "Expérimentation, science économique et théorie des jeux : "Nunc est bibendum" ," Revue Économique, Programme National Persée, vol. 46(3), pages 951-960.
    4. Smith, Vernon L, 1989. "Theory, Experiment and Economics," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 151-169, Winter.
    5. Buda, Rodolphe, 1994. "La modélisation macroéconomique comme processus de communication : pour une formalisation finaliste des équations de comportement," MPRA Paper 3995, University Library of Munich, Germany, revised May 1997.
    6. Buda, Rodolphe, 1998. "La simulation économique : expérimentation et apprentissage de la réalité économique," MPRA Paper 3772, University Library of Munich, Germany.
      • Rodolphe Buda, 2011. "Maquette," QM&RBC Codes 182, Quantitative Macroeconomics & Real Business Cycles, revised 2020.
    7. Herbert E. Scarf, 1967. "On the Computation of Equilibrium Prices," Cowles Foundation Discussion Papers 232, Cowles Foundation for Research in Economics, Yale University.
    8. Lange, Oskar, 1970. "Introduction to Economic Cybernetics," Elsevier Monographs, Elsevier, edition 1, number 9780080066523.
    9. Michael J. Haupert, 1996. "Labor Market Experiment," The Journal of Economic Education, Taylor & Francis Journals, vol. 27(4), pages 300-308, October.
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    Cited by:

    1. Buda, Rodolphe, 2004. "SINGUL 2.0 : les équations et les programmes," MPRA Paper 4264, University Library of Munich, Germany.

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    More about this item

    Keywords

    Economic Modelling ; Simulation ; Planning vs Market ; Economic Software ; Experimental Economics;
    All these keywords.

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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