A Study of Severe Disruption in an Artificial Economy
DOI:
10.1162/isal_a_00336
Date:
2020
Abstract
We analyze an artificial economy model designed to handle severe non-equilibrium situations. This agent-based model is intended to allow innovation in the form of new technologies, producers and consumers entering (and leaving) the system. Here we examine a disruption of consumption patterns akin to the economic crisis brought about in the real economy through the corona virus and the following Covid-19 pandemic.
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