Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project

  • Andrea Teglio
  • Marco Raberto
  • Silvano Cincotti
Conference paper

DOI: 10.1007/978-3-642-14746-3_74

Part of the Advances in Intelligent and Soft Computing book series (AINSC, volume 77)
Cite this paper as:
Teglio A., Raberto M., Cincotti S. (2010) Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project. In: Borgelt C. et al. (eds) Combining Soft Computing and Statistical Methods in Data Analysis. Advances in Intelligent and Soft Computing, vol 77. Springer, Berlin, Heidelberg

Abstract

Handling carefully monetary and real flows, given by agents’ behaviors and interactions, is a key requirement when dealing with complex economic models populated by a high number of agents. The paper shows how the stock-flows consistency issue has been faced in the EURACE model, by considering a dynamic balance sheet approach for modeling and validation purposes.

Keywords

Agent-based computational economics Balance sheet approach EURACE project 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Andrea Teglio
    • 1
  • Marco Raberto
    • 2
  • Silvano Cincotti
    • 3
  1. 1.Departament d’EconomiaUniversitat Jaume I, Castellón de la PlanaSpain
  2. 2.School of Science and EngineeringReykjavik UniversityReykjavikIceland
  3. 3.DIBE-CINEFUniversità di GenovaGenovaItaly

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