Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis

Buda, Rodolphe (1999): Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis.

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.

• Item Type: MPRA Paper
• Institution: GAMA-MODEM CNRS, University of Paris 10
• Language: English
• Keywords: Economic Modelling ; Simulation ; Planning vs Market ; Economic Software ; Experimental Economics
• Subjects: C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C90 - General; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C88 - Other Computer Software; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C15 - Statistical Simulation Methods: General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B53 - Austrian

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