Computational Model Library

agent-based model studying money

Juan Ocampo | Published Thu Mar 4 18:48:40 2021

1.7 billion people appear to be financially excluded. Due to the relevance of the problem, special purpose monies known as Complementary Currencies (CC) seem to be a potential solution. This doctoral project inquiries into the organising of money and its performative effects. It does so by following the communities designing CC and engineering their markets.

Policymakers decide on alternative policies facing restricted budgets and uncertain, ever-changing future. Designing housing policies is further difficult giving the heterogeneous characteristics of properties themselves and the intricacy of housing markets and the spatial context of cities. We propose PolicySpace2 (PS2) as an adapted and extended version of the open source PolicySpace agent-based model. PS2 is a computer simulation that relies on empirically detailed spatial data to model real estate, along with labor, credit and goods and services markets. Interaction among workers, firms, a bank, households and municipalities follow the literature benchmarks to integrate economic, spatial and transport literature. PS2 is applied to a comparison among three competing municipal housing policies aimed at alleviating poverty: (a) property acquisition and distribution, (b) rental vouchers and (c) monetary aid. Within the model context, the monetary aid, that is, a smaller amounts of help for a larger number of households, makes the economy perform better in terms of production, consumption, reduction of inequality and maintenance of financial duties. PS2 as such is also a framework that may be further adapted to a number of related research questions.

Exploring Urban Shrinkage 2

njiang13 Andrew Crooks | Published Thu Jan 14 20:28:05 2021

While the world’s total urban population continues to grow, not all cities are witnessing such growth, some are actually shrinking. This shrinkage causes several problems to emerge including population loss, economic depression, vacant properties and the contraction of housing markets. Such problems challenge efforts to make cities sustainable. While there is a growing body of work on study shrinking cities, few explore such a phenomenon from the bottom up using dynamic computational models. To overcome this issue this paper presents an spatially explicit agent-based model stylized on the Detroit Tri-county area, an area witnessing shrinkage. Specifically, the model demonstrates how through the buying and selling of houses can lead to urban shrinkage from the bottom up. The model results indicate that along with the lower level housing transactions being captured, the aggregated level market conditions relating to urban shrinkage are also captured (i.e., the contraction of housing markets). As such, the paper demonstrates the potential of simulation to explore urban shrinkage and potentially offers a means to test polices to achieve urban sustainability.

TunaFisher ABM

Guus Ten Broeke | Published Wed Jan 13 11:27:36 2021

TunaFisher ABM simulates the decisions of fishing companies and fishing vessels of the Philippine tuna purse seinery operating in the Celebes and Sulu Seas.

High fishing effort remains in many of the world’s fisheries, including the Philippine tuna purse seinery, despite a variety of policies that have been implemented to reduce it. These policies have predominantly focused on models of cause and effect which ignore the possibility that the intended outcomes are altered by social behavior of autonomous agents at lower scales.

This model is a spatially explicit Agent-based Model (ABM) for the Philippine tuna purse seine fishery, specifically designed to include social behavior and to study its effects on fishing effort, fish stock and industry profit. The model includes economic and social factors of decision making by companies and fishing vessels that have been informed by interviews.

Peer reviewed BAM: The Bottom-up Adaptive Macroeconomics Model

Alejandro Platas López | Published Tue Jan 14 17:04:32 2020 | Last modified Sun Jul 26 00:26:21 2020



Modeling an economy with stable macro signals, that works as a benchmark for studying the effects of the agent activities, e.g. extortion, at the service of the elaboration of public policies..

Agent Based Integrated Assessment Model

Marcin Czupryna | Published Sat Jun 27 08:19:59 2020

Agent based approach to the class of the Integrated Assessment Models. An agent-based model (ABM) that focuses on the energy sector and climate relevant facts in a detailed way while being complemented with consumer goods, labour and capital markets to a minimal necessary extent.

Behavioural parallel trading systems

Marcin Czupryna | Published Fri Jun 26 18:06:54 2020

This model simulates the behaviour of the agents in 3 wine markets parallel trading systems: Liv-ex, Auctions and additionally OTC market (finally not used). Behavioural aspects (impatience) is additionally modeled. This is an extention of parallel trading systems model with technical trading (momentum and contrarian) and noise trading.

Peer reviewed FishMob: Interactions between fisher mobility and spatial resource heterogeneity

Emilie Lindkvist | Published Wed Oct 16 09:17:30 2019 | Last modified Tue Jun 23 17:06:15 2020

Migration or other long-distance movement into other regions is a common strategy of fishers and fishworkers living and working on the coast to adapt to environmental change. This model attempts to understand the general dynamics of fisher mobility for over larger spatial scales. The model can be used for investigating the complex interplay that exists between mobility and fish stock heterogeneity across regions, and the associated outcomes of mobility at the system level.

The model design informed by the example of small-scale fisheries in the Gulf of California, Mexico but implements theoretical and stylized facts and can as such be used for different archetypical cases. Our methodological approach for designing the model aims to account for the complex causation, emergence and interdependencies in small-scale fisheries to explain the phenomenon of sequential overexploitation, i.e., overexploiting one resource after another. The model is intended to be used as a virtual laboratory to investigate when and how different levels of mobile fishers affect exploitation patterns of fisheries resources.

This a model developed as a part of the paper Mejía, G. & García-Díaz, C. (2018). Market-level effects of firm-level adaptation and intermediation in networked markets of fresh foods: a case study in Colombia. Agricultural Systems 160: 132-142.

It simulates the competition dynamics of the potato market in Bogotá, Colombia. The model explores the economic impact of intermediary actors on the potato supply chain.

Exploring Urban Shrinkage

Andrew Crooks | Published Thu Mar 19 22:15:47 2020

While the world’s total urban population continues to grow, this growth is not equal. Some cities are declining, resulting in urban shrinkage which is now a global phenomenon. Many problems emerge due to urban shrinkage including population loss, economic depression, vacant properties and the contraction of housing markets. To explore this issue, this paper presents an agent-based model stylized on spatially explicit data of Detroit Tri-county area, an area witnessing urban shrinkage. Specifically, the model examines how micro-level housing trades impact urban shrinkage by capturing interactions between sellers and buyers within different sub-housing markets. The stylized model results highlight not only how we can simulate housing transactions but the aggregate market conditions relating to urban shrinkage (i.e., the contraction of housing markets). To this end, the paper demonstrates the potential of simulation to explore urban shrinkage and potentially offers a means to test polices to alleviate this issue.

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