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4 - The Results of the Simulation Agent-Based Model, in SMAC and ASHAM Modes

from Part Two - Model

Published online by Cambridge University Press:  07 December 2019

Marco Mazzoli
Affiliation:
Università degli Studi di Genova
Matteo Morini
Affiliation:
Università degli Studi di Torino, Italy
Pietro Terna
Affiliation:
Università degli Studi di Torino, Italy
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Summary

We analyze the simulation results, considering both the dynamic of the time series of the main economicvariables of the model and their correlation structure. The attention is mainly related to the emergence of the counter cyclical markup phenomenon and to the dynamic of the market structures, ranging from tight oligopolistic constructions to the development of large atomistic markets. We elaborate on the results emerging from the simulation experiments, in the perspective both of the presence of the countercyclical markup phenomenon, and of the different market structures generated by the simulation.

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Publisher: Cambridge University Press
Print publication year: 2019

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