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from Part Two - Model
Published online by Cambridge University Press: 07 December 2019
Starting from the equation based construction introduced previously, we builda macroeconomic simulation model of an economic using the agent-based technique; the model is micro-founded and so our explanation starts from the behavior of the agents and of the market frameworks where they behave. The structure of the simulation model is well represented via the sequence oftwelve items. Starting from the model outline reported in the Outline, we develop a detailed description of the steps the simulation undertakes over the time, with the actions of the different kind of agents.
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