The model is based on a set of agents including firms, households, a central bank, a government, and the rest of the world. Rules of thumb, imitation and mutation mechanisms govern the evolution of prices, technologies, and beliefs on the basis of which agents produce, exchange and consume goods, negotiate labor contracts or credits.
The economic activity is simulated by the execution of these actions and interactions at variable frequencies. Stochastic components in the choices of agents and in their interactions lead to a probabilistic exploration of the set of economic trajectories.
Authors: Steffen Fürst, Antoine Mandel, Wiebke Lass, Daniel Lincke, Frank Meissner, Carlo Jaeger, Sarah Wolf
Copyright Carlo Jaeger, Antoine Mandel, Steffen Fürst and European Climate Forum, 2010.
Licensed under the Open Software License (OSL 3.0).
The graphical user interface is based on the MASON library.