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The Missing Link: AB Models and Dynamic Microsimulation

  • Matteo RichiardiEmail author
Chapter
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 669)

Abstract

In this note I pay tribute to two early works by Barbara Bergmann and Gunnar Eliasson which, though firmly grounded in the dynamic microsimulation literature, can be considered as the first examples of large-scale agent-based models. These attempts at building complete micro-to-macro computational models of the economy are important not only in a history of economic thought perspective, but also to encourage convergence of the two approaches in developing credible alternatives to DSGE models.

Keywords

Labor Market Consumption Good Computable General Equilibrium Computable General Equilibrium Model Dynamic Stochastic General Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgements

Financial support from Collegio Carlo Alberto is gratefully acknowledged.

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Department of Economics and StatisticsUniversity of TorinoTorinoItaly
  2. 2.Collegio Carlo Alberto and LABORatorio Riccardo RevelliMoncalieri, TorinoItaly

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