Economic Theory

Recently, the economics discipline has embraced Agent Based Modelling within Computational Economics, giving rise to the description “Agent Based Computational Economics” (ACE) within economics.

ACE models have been applied to the electricity market sector, particularly analysing the effect of deregulation in the American power market and the potential for actors within the market to exercise “market power”

examples/economics.txt · Last modified: 11/06/2010 15:20 by cascade     Back to top

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