Multiplant Production Design in Agent-Based Artificial Economic System

Filtering has had a profound impact as a device of perceiving information and deriving agent expectations in dynamic economic models. For an abstract economic system, this paper shows that the foundation of applying the filtering method corresponds to the existence of a conditional expectation as an equilibrium process. Agent-based rational behavior of looking backward and looking forward is generalized to a conditional expectation process where the economic system is approximated by a class of models, which can be represented and estimated without information loss. The proposed framework elucidates the range of applications of a general filtering device and is not limited to a particular model class such as rational expectations.

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Recent Developments in Complexity in Economics

10.4337/9781788978781 ◽

2021 ◽

Author(s):

Mauro Gallegati

Keyword(s):

Economic System ◽

Research Review ◽

Agent Based Models ◽

Agent Based ◽

Mainstream Economics ◽

Non Linear ◽

Recent Developments ◽

Uncertain Future ◽

Theory Of Complexity

This research review identifies fundamental essays on the theory of complexity and its application in economics. The concept of complexity is linked to that of non-linearity, or rather of heterogeneity and interaction between agents. If a system is non-linear it cannot be broken down. When there is interaction, the total is not the sum of single causes, but rather the emergence of new facts. New properties appear that are not already present in the single elements. If the economic system is complex, mainstream economics is in a cul-de-sac where the macroeconomics is different from the microeconomics. The uncertain future and the agent-based models are the main tools for applying the theory of complexity.

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Elements for the Agent-Based Modeling of Slavery Systems

ADCAIJ ADVANCES IN DISTRIBUTED COMPUTING AND ARTIFICIAL INTELLIGENCE JOURNAL ◽

10.14201/adcaij2020911527 ◽

2020 ◽

Vol 9 (1) ◽

Author(s):

Antõnio C R Costa

Keyword(s):

Economic System ◽

Agent Based Modeling ◽

Free Labor ◽

Agent Based ◽

System A ◽

First Case ◽

Formal Concepts ◽

Economic Relationship ◽

South Of Brazil

This paper introduces formal concepts for the agent-based modeling of slavery systems. The concepts of master-slave economic relationship, slavery-based economic system, slavery-supporting legal system, and slavery-based material agent society are formally defined. A first case study recasts, for material agent societies, North \& Thomas' economic model determining the objective conditions under which it is rational for a society to choose a slavery-based economic system over a free labor-based economic system. A second case study makes use of elements of F. H. Cardoso's study of slavery in the south of Brazil to illustrate the application of the formal concepts introduced in the paper.

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