Agent-based models as a complement to economic theory: A durable goods example

被引:0
|
作者
Tassier, T [1 ]
Everson, MP [1 ]
Ostrowski, D [1 ]
机构
[1] Univ Iowa, Dept Econ, Iowa City, IA 52242 USA
关键词
D O I
暂无
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
We construct an agent-based model of a durable goods market. Consumer purchasing strategies include memory of recent price realizations in the market. A monopolistic producer sets prices using a standard economic approach. The model yields aggregate market characteristics similar to those seen in automobile markets.
引用
收藏
页码:729 / 734
页数:6
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