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| Interactive simulation models are a gym tool for improving our imagination about how the economy works. They are often ambivalent, being both business games and economic formal models. |
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Contents |
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Software:
Social security A very simple software where you can verify the economic sustainability of a pension scheme in a population, depending on retirement age, wages, payroll taxes, age of labour market entry, births and deaths. Highly customizeable in parametres. Software:
The rich and the poor An exploration of differences, by leveraging a new key concept (cumulative bundle) as explained in the related paper. Software:
A testbed for stochastic routines A method to validate ABM (agent-based models) and their routines through inter-personal experiments. Easy to customize in order to include your own routines.
Software:
Insurance market competition A simple yet powerful simulation of insurance market and the decisions take by people-at-risk (applicants) and underwriters (insurers). It lets you explore e.g. why so many people can remain uninsured and which are the connections between profitability and coverage. Software: Race to market Useful
for managers, researchers and students, this business game is a
powerful tool for understanding product life cycles, consumers'
attitudes, innovation management
strategies, competitive intelligent tactics, by personally playing
or by observing how artificial agents perform. Essay and software automatic download [2400 KB]
Software: Market dynamics with firm-specific fixed and variable costs In this easy evolutionary model you'll find a market with a large number of firms, each characterised by a different cost structure, and you'll be able to study the evolution of profits over time, according to changes in demand and endogenous technology progress. A key statement will relate the way demand interacts with the kind of technological innovation approved by top management. |
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Software:
You are an exporter Suitable for beginners and researchers.
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Software:
Isoquants
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Software:
The Sugarscape model It will automatically install the Java engine if your computer does have it now.
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Software
and Essay:
Consumer theory Budget line, indifference curves, demand curves, Engel's curves, indirect utility functions, income and substitution effects will be no mysteries any more.
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Software:
The production function of students' grades
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and Software :
You are a monopolist The traditional monopolist's choice about price and quantity is now given a new dynamic setting where you can interact. Demand is unknown and the produced good is durable across periods of time. Thus, sales needn't be equal to production as inventories can pile up and go down. A lot of strategic consequences arise, as you can discover playing with the business game. Software [1900 KB]
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Software:
The standard monopoly theory Software [320 KB]
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Software:
The IS-LM model Software [340 KB] For a graphical non linear interactive map of IS-LM-AS-AD see here
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Book: An Artificial Market Model of a Foreign Exchange Market - by Kiyoshi Izumi An agent-based simulation is described in this book.
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Software:
Costs Software [2050 KB]
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Software:
Curve Expert (Econometrics)
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Software:
NLREG (Econometrics)
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Software:
Easyreg
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Software:
Cointegration test and ARMA model tool
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