A Hands-on Approach to Evolutionary Simulation: Nelson and Winter Models in the Laboratory for Simulation Development

Marco Valente, Esben Sloth Andersen

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review


The topic of this paper is evolutionary-economic models and how they are implemented in a new, effective system for programming and simulating such models. The evolutionary-economics simulation models are exemplified by the Nelson and Winter family of models of Schumpeterian competition in an industry (or an economy). To abbreviate we call such models NelWin models. The new system for the programming and simulation of such models is called the Laboratory for simulation development - abbreviated as Lsd. The paper is meant to allow readers to use the Lsd version of a basic NelWin model: observe the model content, run the simulation, interpret the results, modify the parameterisation, etc. Since the paper deals with the implementation of a fairly complex set of models in a fairly complex programming and simulation system, it does not contain full documentation of NelWin and Lsd. Instead we hope to give the reader a first introduction to NelWin and Lsd and inspire a further exploration of them.
Tidsskrifte-JEMED. Electronic journal of evolutionary modeling and economic dynamics
Udgave nummer1
Sider (fra-til)1-45
StatusUdgivet - 2002


Evolutionary Modelling of Economic Change (EMEC)

Andersen, E. S.


Projekter: ProjektForskning