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The Price Evolution with Expectations model provides the opportunity to explore the question of non-equilibrium market dynamics, and how and under which conditions an economic system converges to the classically defined economic equilibrium. To accomplish this, we bring together two points of view of the economy; the classical perspective of general equilibrium theory and an evolutionary perspective, in which the current development of the economic system determines the possibilities for further evolution.
The Price Evolution with Expectations model consists of a representative firm producing no profit but producing a single good, which we call sugar, and a representative household which provides labour to the firm and purchases sugar.The model explores the evolutionary dynamics whereby the firm does not initially know the household demand but eventually this demand and thus the correct price for sugar given the household’s optimal labour.
The model can be run in one of two ways; the first does not include money and the second uses money such that the firm and/or the household have an endowment that can be spent or saved. In either case, the household has preferences for leisure and consumption and a demand function relating sugar and price, and the firm has a production function and learns the household demand over a set number of time steps using either an endogenous or exogenous learning algorithm. The resulting equilibria, or fixed points of the system, may or may not match the classical economic equilibrium.
This model is an extension of the Netlogo Wolf-sheep predation model by U.Wilensky (1997). This extended model studies several different behavioural mechanisms that wolves and sheep could adopt in order to enhance their survivability, and their overall impact on global equilibrium of the system.
This model was built to estimate the impacts of exogenous fodder input and credit loans services on livelihood, rangeland health and profits of pastoral production in a small holder pastoral household in the arid steppe rangeland of Inner Mongolia, China. The model simulated the long-term dynamic of herd size and structure, the forage demand and supply, the cash flow, and the situation of loan debt under three different stocking strategies: (1) No external fodder input, (2) fodders were only imported when natural disaster occurred, and (3) frequent import of external fodder, with different amount of available credit loans. Monte-Carlo method was used to address the influence of climate variability.
Brazil has initiated two territorial public policies for a rural sustainable development, the National Program for Sustainable Development of the Rural Territories (PRONAT) and Citizenship Territory Program (PTC). These public policies aims, as a condition for its effectiveness, the equilibrium of the power relations between actors which participate in the Collegiate for Territorial Development (CODETER) of each Rural Territory. Our research studies the hypotheses that, in the Rural Territories submitted to the PRONAT and PTC public policies, the power and reciprocity relations between actors engaged in the CODETER effectively have evolved in favor of the civil society representatives to the detriment of the public powers, notably the mayors.
The SocLab approach has been applied in two case studies and four models representing the Southern Rural Territory of Sergipe (TRSS) and the São Francisco Rural Territory (TRBSF) were designed for two referential periods, 2008-2012 and 2013-2017. These models were developed to evaluate the empowerment of the civil society in these rural territories due to thes two public policies, PRONAT and PTC.
Agent-based version of the simple search and barter economy conceived by Peter Diamond in 1982. The model is also known as Coconut Model.
This model illustrates how the effective population size and the rate of change in mean skill level of a cultural trait are affected by the presence of natural selection and/or the cultural transmission mechanism by which it is passed.
It is very difficult to model a sustainable intergenerational biophysical/financial economy. ModEco NLG is one of a series of models exploring the dynamics of sustainable economics – PSoup, ModEco, EiLab, OamLab, MppLab, TpLab, CmLab.
Simulation to replicate and extend an analytical model (Konrad & Skaperdas, 2010) of the provision of security as a collective good. We simulate bandits preying upon peasants in an anarchy condition.
This is an empirically calibrated agent-based model that replicates spruce-budworm outbreaks, one of the most cited adaptive cycles reported. The adaptive-cycle metaphor by L. H. Gunderson and C. S. Holling posits the cross-case existence of repeating cycles of growth, conservation, collapse, and renewal in many complex systems, triggered by loss of resilience. This model is one of the first agent-based models of such cycles, with the novelty that adaptive cycles are not defined by system- […]
The dynamic agent based model of system which turn out the self-adjusting system, are considered in this text.