## 117 Citations

### of Birmingham "Its computers stupid!" The spread of computers and the changing roles of theoretical and applied economics

- Economics
- 2016

This paper challenges the widely held notion that the developments in computing are sufficient to explain the recent turn to applied economics. Developments in computer hardware were undoubtedly…

### 'It's Computerization, Stupid!' The Spread of Computers and the Changing Roles of Theoretical and Applied Economics

- Economics
- 2016

It is conjecture that the most profound effect of the increased availability of computers may have been to challenge the demarcation between theory and applied work.

### Computing the Perfect Model: Why Do Economists Shun Simulation?*

- EconomicsPhilosophy of Science
- 2007

It is argued that true simulation is seldom practiced because it does not fit the conception of understanding inherent in mainstream economics and economists do not therefore consider them viable candidates for generating theories that enhance economic understanding.

### Thoughts on the Teaching and Methods of Agent-based Computational Economics

- EconomicsCIPAE
- 2021

This article will first discuss the basic content of computational economics, then discuss the research goals of subject-based computational economics and the process ofsubject-based economic modeling, and finally discuss the application of subject -based economic models.

### The Methodological Status of Agent-Based Simulations

- Economics
- 2002

A tentative assessment of the methodological status of agent based simulations is given, providing a framework that helps clarify the logical status of simulations, and gives some hints on how to foster their role as a self sustained tool for economic reasoning.

### Computing equilibria: a computational complexity perspective

- Computer ScienceElectron. Colloquium Comput. Complex.
- 2015

This survey explains how complexity theory defines “hard problems”; applies these concepts to several equilibrium computation problems; and discusses implications for computation, games, and behavior.

### Application Analysis on Large-Scale Computation for Social and Economic Systems: Application Case from China

- EconomicsSMC
- 2015

A typical case of the ACE-CE model is studied to analyze the application effect of the model in large-scale computation for social and economic systems, demonstrating the existence of the invisible hand.

### Application Analysis on Large-Scale Computation for Social and Economic Systems: Application Case from China

- Economics2015 IEEE International Conference on Systems, Man, and Cybernetics
- 2015

An Agent-based Computational Economics Model based on Classical Economics, the ACE-CE model for short, is established through a combined approach of the theoretical method and computational method.…

### WHY AGENTS? ON THE VARIED MOTIVATIONS FOR AGENT COMPUTING IN THE SOCIAL SCIENCES

- Economics
- 2000

It is argued that there exist three distinct uses of agent modeling techniques, one of which is conceptually quite close to traditional simulation in operations research, and there are important classes of problems for which writing down equations is not a useful activity.

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- Economics
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Economists have long used nonlinear mathematical models to explore important empirical and theoretical issues in public finance, development, international trade, savings and monetary policy.…

### PATHWAYS TO RANDOMNESS IN THE ECONOMY: EMERGENT NONLINEARITY AND CHAOS IN ECONOMICS AND FINANCE

- Economics
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This paper: (1) Gives a general argument why research on nonlinear science in general and chaos in particular is important in economics and finance. (2) Puts forth two definitions of stochastic…

### SENSITIVITY ANALYSIS AND MODEL EVALUATION IN SIMULATED DYNAMIC GENERAL EQUILIBRIUM ECONOMIES

- Economics
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This paper describes a Monte Carlo procedure to evaluate dynamic nonlinear general equilibrium macro models. The procedure makes the choice of parameters and the evaluation of the model less…

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- Economics
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To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and…

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- Economics
- 1992

This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm…

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- Economics
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This paper reviews dynamic structural econometric models with both continuous and discrete controls, and those with market interactions. Its goal is to highlight techniques which enable researchers…

### Perturbation Solution Methods for Economic Growth Models

- Economics
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Economic growth is one of the most important macroeconomic phenomena. With economic growth comes the possibility of improving the living standards of all in a society. Economic growth has been…

### Computing Equilibria When Asset Markets Are Incomplete

- Economics
- 1996

Existence of equilibrium with incomplete markets is problematic because demand functions are typically not continuous. Discontinuities occur at prices for which a marketed asset suddenly becomes…