Advances in artificial economics [peer-reviewed collection of papers presented during the 10th issue of the Artificial Economics Conference ; Social Simulation Conference, in Barcelona, Spain, 1st to 5th September 2014

The Book Presents A Peer-reviewed Collection Of Papers Presented During The 10th Issue Of The Artificial Economics Conference, Addressing A Variety Of Issues Related To Macroeconomics, Industrial Organization, Networks, Management And Finance, As Well As Purely Methodological Issues. The Field Of Artificial Economics Covers A Broad Range Of Methodologies Relying On Computer Simulations In Order To Model And Study The Complexity Of Economic And Social Phenomena. The Grounding Principle Of Artificial Economics Is The Analysis Of Aggregate Properties Of Simulated Systems Populated By Interacting Adaptive Agents That Are Equipped With Heterogeneous Individual Behavioral Rules. These Macroscopic Properties Are Neither Foreseen Nor Intended By The Artificial Agents But Generated Collectively By Them. They Are Emerging Characteristics Of Such Artificially Simulated Systems. Does Collaboration Pay?- Why Do Firms Exist?- The Win-continue, Lose-reverse Rule In Cournot Oligopolies -- Organizational Change For Its Own Sake?- Best Practices In Programming Agent-based Models In Economics And Finance -- Building Artificial Economies -- Spontaneous Segregation Of Agents Across Double Auction Markets -- The J-curve And Transaction Taxes -- Insights From An Artificial Stock Market -- What Is The Impact Of Heterogeneous Knowledge About Fundamentals On Market Liquidity And Efficiency -- An Agent Based Propagation Model Of Bank Failures -- Direct Vs. Side Effects In Financial Contagion -- Saudis And Expats -- An Agent-based Model Of The Saudi Arabian Labor Market -- Forbidding Fixed Duration Contracts -- Shadow Economy And Wealth Distribution -- Distribution Effects Of Extortion Racket Systems -- Impacts On Stability Of Interdependencies Between Markets In A Cobweb Model -- Detecting Key Variables In System Dynamics Modelling By Using Social Network Metrics -- Trade-in Programs In The Context Of Technological Innovation With Herding -- Evaluating Scenarios For Upgrading Sustainability Of The Meat Supply Chain. Frederic Amblard ... [et Al.], Editors. International Conference Proceedings. Includes Bibliographical References. Front Matter....Pages i-x Does Collaboration Pay? An Investigation for the Domain of Distributed Investment Decisions....Pages 1-13 Why Do Firms Exist?....Pages 15-32 The “Win-Continue, Lose-Reverse” Rule in Cournot Oligopolies: Robustness of Collusive Outcomes....Pages 33-44 Organizational Change for Its Own Sake?....Pages 45-56 Best Practices in Programming Agent-Based Models in Economics and Finance....Pages 57-68 Building Artificial Economies: From Aggregate Data to Experimental Microstructure. A Methodological Survey....Pages 69-78 Spontaneous Segregation of Agents Across Double Auction Markets....Pages 79-90 The J-Curve and Transaction Taxes: Insights from an Artificial Stock Market....Pages 91-103 What Is the Impact of Heterogeneous Knowledge About Fundamentals on Market Liquidity and Efficiency: An ABM Approach....Pages 105-117 An Agent Based Propagation Model of Bank Failures....Pages 119-130 Direct vs. Side Effects in Financial Contagion: What Weights More?....Pages 131-137 Saudis and Expats: An Agent-Based Model of the Saudi Arabian Labor Market....Pages 139-149 Forbidding Fixed Duration Contracts: Unfolding the Opposing Consequences with a Multi-Agent Model of the French Labor Market....Pages 151-167 Shadow Economy and Wealth Distribution....Pages 169-179 Distribution Effects of Extortion Racket Systems....Pages 181-193 Impacts on Stability of Interdependencies Between Markets in a Cobweb Model....Pages 195-205 Detecting Key Variables in System Dynamics Modelling by Using Social Network Metrics....Pages 207-217 Trade-In Programs in the Context of Technological Innovation with Herding....Pages 219-230 Evaluating Scenarios for Upgrading Sustainability of the Meat Supply Chain....Pages 231-243