The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Simulation of Microanalytic Systems

  • Guy H. Orcutt
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1912

Abstract

To simulate is both to develop a process model which can be operated and to actually run the model. A running model is a simulation and a model run provides a specific solution of the model.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Guy H. Orcutt
    • 1
  1. 1.