This paper explores the application of simulation modeling of an economic system using the aspects of Agent-based modeling. The developed model relies on the aggregated behavior of the agents and provides a what-if analysis tool that can be used by a policy maker to tackle economic phenomenon such as economic stratification. The model uses both macroeconomic and microeconomic measures in diagnosing the economic situation. The economical level of each agent is taken into consideration which discriminates the contribution of this model in addressing the phenomenon in an integrated way.
Reimagining Economic Opportunity: Preliminary Agent-based Model of Economic Stratification
4 Views
3 Downloads