Claudius Gräbner,
"Agent-based computational models - a formal heuristic for institutionalist pattern modelling?"
, in Journal of Institutional Economics, Vol. 12, Nummer 1, Seite(n) 241-261, 2016, ISSN: 1744-1382
Original Titel:
Agent-based computational models - a formal heuristic for institutionalist pattern modelling?
Sprache des Titels:
Englisch
Original Kurzfassung:
I investigate the consistency of agent-based computational models with the institutionalist research program as outlined by Myrdal, Wilber and Harrison, Hodgson and others. In particular, I discuss whether such models can be a useful heuristic for ?pattern modelling?: Can they provide a holistic, systemic and evolutionary perspective on the economy? How can agency be conceptualised within ABMs? Building on these issues, I discuss potentials and challenges of the application of ABM in institutionalist research. This discussion also relates to recent methodological advances in neo-Schumpeterian economics. I explain how institutionalists can benefit from these and suggest areas for joint research under the methodological umbrella of ABM.