Language:
English
Pages:
Online-Ressource
Titel der Quelle:
Journal of Economic Behavior & Organization
Angaben zur Quelle:
67 (2008) 3-4 ; 947-964, Online-Ressource
DDC:
306.3
Abstract:
Abstract: In this paper we deal with some validation experiments on the complex adaptive trivial system (CATS) model proposed in Gallegati et al. [Gallegati, M., Giulioni, G., Palestrini, A., Delli Gatti, D., 2003a. Financial fragility, patterns of firms’ entry and exit and aggregate dynamics. Journal of Economic Behavior and Organization 51, 79–97; Gallegati, M., Delli Gatti, D., Di Guilmi, C., Gaffeo, E., Giulioni, G., Palestrini, A., 2005. A new approach to business fluctuations: heterogeneous interacting agents, scaling laws and financial fragility. Journal of Economic Behavior and Organization 56, 489–512]. In particular starting from a sample of Italian firms included in the AIDA database, we perform several ex post validation experiments over the simulation period 1996–2001. In the experiments, the model parameters have been estimated using actual data and the initial set up consists of a sample of agents in 1996. The CATS model is then simulated over the period 1996–2001. Using alter
Note:
Postprint
,
begutachtet (peer reviewed)
DOI:
10.1016/j.jebo.2007.08.008
URN:
urn:nbn:de:0168-ssoar-263098
URL:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-263098
URL:
https://doi.org/10.1016/j.jebo.2007.08.008
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