A Genetic Algorithm Simulation of a Transition Economy: An Application to Insider-Privatization in Croatia

被引:4
|
作者
Novkovic S. [1 ]
机构
[1] Department of Economics, Saint Mary's University, Halifax
关键词
Economic transition; Genetic algorithm; Insider privatization;
D O I
10.1023/A:1008693807197
中图分类号
学科分类号
摘要
A genetic algorithm simulation is applied to a model of privatization in a transition economy. Bounded-rational agents, learning by doing in a changing economic environment, are presented as a population of artificial adaptive agents. The paper examines the comparative performances of three alternative forms of genetic algorithm - the simple GA, PGA with election and EGA with elite selection. The latter version proved to be more robust than the alternatives.
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页码:221 / 243
页数:22
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