{"repo":"uwol/computational-economy","free":true,"listed":false,"github":"https://github.com/uwol/computational-economy","clone":"git clone https://github.com/uwol/computational-economy.git","description":"An agent-based computational economy with macroeconomic equilibria from microeconomic behaviors","language":"Java","stars":137,"topics":["economics","simulation","agent","microeconomics","computational-economics","complex-systems","arrow-debreu","feedback-loop","feedback-systems","finance"],"license":"GPL-3.0","category":"trading","readme_excerpt":"Computational Economy ===================== This is an agent-based computational economics simulator , which is constituted by agent types household , factory , trader , credit bank , central bank and state . The simulator implements a model akin to the Arrow-Debreu model , which adheres to neoclassical microeconomic theory, based on polypoly markets perpetuated by agent market participants. The micro-economic agent behaviors induce complex oscillation patterns attracted to macroeconomic equilibria due to the economic feedback cycles of the system. 💫 Star if you like this work. Agent types ----------- Agent type Household : Households offer labour hours and consume goods according to CES or Cobb-Douglas utility functions. Intertemporal consumption and retirement saving preferences are modeled by Irving-Fisher and Modigliani intertemporal choice models . Agent type Factory : Factories produce multiple goods (e. g. iron, coal, ...) according to an input-output-model based on Cobb-Douglas , CES and root production functions . Depending on the configured economic model, factories produce and accumulate capital goods, which induce economic growth and depreciate over time (→ Solow-Swan ). Agent type Credit bank : Credit banks manage bank accounts, create money by credit, trade currencies, follow minimum reserve requirements of central banks and buy bonds for deposits ( fractional reserve banking ). Agent type Central bank : Central banks adjust key interest rates based on price in","default_branch":null,"files":null,"tree":[],"storefront":"/r/uwol","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/uwol/computational-economy/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}