Book contents
- Frontmatter
- Contents
- List of Illustrations
- List of Tables
- Notes on Contributors
- Introduction
- Part One Theory
- Part Two Model
- 3 A Computable Market Model: The Structure of the Agent-Based Simulation
- 4 The Results of the Simulation Agent-Based Model, in SMAC and ASHAM Modes
- 5 The Model Facing Empirical Data
- Conclusions
- Appendices
- References
- Author Index
- Subject Index
4 - The Results of the Simulation Agent-Based Model, in SMAC and ASHAM Modes
from Part Two - Model
Published online by Cambridge University Press: 07 December 2019
Book contents
- Frontmatter
- Contents
- List of Illustrations
- List of Tables
- Notes on Contributors
- Introduction
- Part One Theory
- Part Two Model
- 3 A Computable Market Model: The Structure of the Agent-Based Simulation
- 4 The Results of the Simulation Agent-Based Model, in SMAC and ASHAM Modes
- 5 The Model Facing Empirical Data
- Conclusions
- Appendices
- References
- Author Index
- Subject Index
Summary
We analyze the simulation results, considering both the dynamic of the time series of the main economicvariables of the model and their correlation structure. The attention is mainly related to the emergence of the counter cyclical markup phenomenon and to the dynamic of the market structures, ranging from tight oligopolistic constructions to the development of large atomistic markets. We elaborate on the results emerging from the simulation experiments, in the perspective both of the presence of the countercyclical markup phenomenon, and of the different market structures generated by the simulation.
- Type
- Chapter
- Information
- Rethinking Macroeconomics with Endogenous Market Structure , pp. 106 - 167Publisher: Cambridge University PressPrint publication year: 2019