Agent-Based Computational Economics Using NetLogo

The Computational Experiments

Author(s): Romulus-Catalin Damaceanu

Pp: 72-82 (11)

DOI: 10.2174/9781608054893113010006

* (Excluding Mailing and Handling)


In this chapter, we perform five computer experiments that simulate the functioning of the artificial economy with different values for the three control parameters: rs={-2,-1,0,1,2}, NoProducers={1,2,3,.,100}, and NoConsumers={1,2,3,.,100}. Based on these five experiments, we measure five indexes: Herfindahl-Hirschman index, Gini index, mean value of prices for products, mean value of prices for resources, and mean value of obtained production.

Keywords: Computer experiments, Herfindahl-Hirschman index, Gini index, composite index that measure economy performance.

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