{"id":635,"date":"2023-10-15T15:47:39","date_gmt":"2023-10-15T14:47:39","guid":{"rendered":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/?page_id=635"},"modified":"2023-10-16T09:51:59","modified_gmt":"2023-10-16T08:51:59","slug":"hamill-and-gilbert","status":"publish","type":"page","link":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/hamill-and-gilbert\/","title":{"rendered":"Hamill and Gilbert"},"content":{"rendered":"\n<h1>Agent-based Modelling in Economics<\/h1>\n\n<h2>By Lynne Hamill and Nigel Gilbert<\/h2>\n\n<p>\n  Published by John Wiley &amp; Sons, Ltd in 2016. Print ISBN: 9781118456071;\n<\/p>\n\n<p>Online ISBN: 9781118945520; DOI: 10.1002\/9781118945520<\/p>\n\n<p>\n  New methods of economic modelling have been sought as a result of the global\n  economic downturn in 2008. This unique book highlights the benefits of an\n  agent\u2013based modelling (ABM) approach. It demonstrates how ABM can easily\n  handle complexity: heterogeneous people, households and firms interacting\n  dynamically. Unlike traditional methods, ABM does not require people or firms\n  to optimise or economic systems to reach equilibrium. ABM offers a way to link\n  micro foundations directly to the macro situation.\n<\/p>\n\n<p>\n  <a\n    href=\"http:\/\/www.amazon.co.uk\/Agent-Based-Modelling-Economics-Lynne-Hamill\/dp\/1118456076\/ref=sr_1_4?s=books&amp;ie=UTF8&amp;qid=1437402612&amp;sr=1-4&amp;keywords=hamill-and-gilbert\"\n    ><img data-recalc-dims=\"1\" decoding=\"async\"\n      alt=\"\"\n      src=\"https:\/\/i0.wp.com\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/abm-econ.png?w=1200&#038;ssl=1\"\n      style=\"float: right; width: 265px; height: 397px; margin: 10px\"\n  \/><\/a>\n<\/p>\n\n<p>Key features:<\/p>\n\n<ul>\n  <li>\n    Introduces the concept of agent-based modelling and shows how it differs\n    from existing approaches.\n  <\/li>\n  <li>\n    Provides a theoretical and methodological rationale for using ABM in\n    economics, along with practical advice on how to design and create the\n    models.\n  <\/li>\n  <li>\n    Each chapter starts with a short summary of the relevant economic theory and\n    then shows how to apply ABM.\n  <\/li>\n  <li>\n    Explores both topics covered in basic economics textbooks and current\n    important policy themes; unemployment, exchange rates, banking and\n    environmental issues.\n  <\/li>\n  <li>\n    Describes the models in pseudocode, enabling the reader to develop programs\n    in their chosen language.\n  <\/li>\n<\/ul>\n\n<p>\n  Agent-based Modelling in Economics provides students and researchers with the\n  skills to design, implement, and analyse agent-based models. Third year\n  undergraduate, master and doctoral students, faculty and professional\n  economists will find this book an invaluable resource.\n<\/p>\n\n<h3>The models<\/h3>\n\n<p>\n  All the models have been designed to be run using NetLogo version 5.2, which\n  can be downloaded from here:\n  <a href=\"https:\/\/ccl.northwestern.edu\/netlogo\/download.shtml\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ccl.northwestern.edu\/netlogo\/download.shtml<\/a\n  >. <br>To download the model files below, you may need to right-click on the\n  filename and select the Save option.<\/p>\n\n<h4>Chapter 2 Starting Agent-based Modelling<\/h4>\n\n<p>\n  Models:\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-2-Market.nlogo\"\n    >Market<\/a\n  >\n<\/p>\n\n\n<h4>Chapter 3: Heterogeneous Demand<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-3-Budget-distribution.nlogo\"\n    >Distribution of household budgets<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-3-Utility-function-based-demand.nlogo\"\n    >Utility function-based demand<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-3-Practical-demand.nlogo\"\n    >Practical demand model<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 4: Social Demand<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-4-Social-circles.nlogo\"\n    >Social circles<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-4-Threshold.nlogo\"\n    >Threshold<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-4-Phone-adoption.nlogo\"\n    >Phone adoption<\/a\n  >\n<\/p>\n\n\n<h4>Chapter 5: Benefits of Barter<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-5-Edgeworth-Box-Game.nlogo\"\n    >Edgeworth Box game<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-5-Edgeworth-Box-random.nlogo\"\n    >Edgeworth Box random<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-5-Red-Cross-Parcels.nlogo\"\n    >Red Cross Parcels<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 6: The Market<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-6-Cournot-Nash.nlogo\"\n    >Cournot-Nash<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-6-Shops.nlogo\"\n    >Shops<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-6-Digital-World.nlogo\"\n    >Digital world<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 7: Labour Market<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-7-Wage-Distribution.nlogo\"\n    >Wage distribution<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-7-Job-Search.nlogo\"\n    >Job search<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-7-Guildford-Labour-Market.nlogo\"\n    >Guildford labour market<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 8: International Trade<\/h4>\n\n<p>\n  Model:\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-8-International-Trade.nlogo\"\n    >International trade<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 9: Banking<\/h4>\n\n<p>\n  Model:\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-9-Banking.nlogo\"\n    >Banking<\/a\n  >\n<\/p>\n\n\n\n<h4>Chapter 10: The Tragedy of the Commons<\/h4>\n\n<p>Models:<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-10-Carrying-Capacity.nlogo\"\n    >Carrying capacity<\/a\n  >\n<\/p>\n\n<p>\n  <a\n    href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-content\/uploads\/2023\/10\/Chapter-10-Meadow-Management.nlogo\"\n    >Meadow management<\/a\n  >\n<\/p>\n\n<h3>\n  Licencing\n<\/h3>\n<p> These programs are free software: you can redistribute them\n    and\/or modify them under the terms of version 3 of the\n    <a href=\"http:\/\/www.gnu.org\/licenses\/\" target=\"_blank\" rel=\"noreferrer noopener\"><font color=\"#0000ff\"><u>GNU General Public License<\/u><\/font><\/a\n    >\n    published by the Free Software Foundation. These programs are distributed in\n    the hope that they will be useful, but WITHOUT ANY WARRANTY; without even\n    the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.\n    Those wishing to make commercial use of a program should contact\n    <a href=\"mailto:lynne@hamill.co.uk\">Lynne Hamill<\/a> or\n    <a href=\"mailto:n.gilbert@surrey.ac.uk\">Nigel Gilbert<\/a> to discuss\n    terms.\n<\/p>\n\n<h3>The book is available to buy worldwide:<\/h3>\n\n<ul>\n  <li>\n    From<a href=\"http:\/\/www.amazon.co.uk\/Agent-Based-Modelling-Economics-Lynne-Hamill\/dp\/1118456076\/ref=sr_1_4?s=books&amp;ie=UTF8&amp;qid=1437402612&amp;sr=1-4&amp;keywords=hamill-and-gilbert\" target=\"_blank\" rel=\"noreferrer noopener\">\n      Amazon UK<\/a\n    >\n    and all other Amazon sites.\n  <\/li>\n  <li>\n    <a href=\"https:\/\/itunes.apple.com\/us\/book\/agent-based-modelling-in-economics\/id1055638188?mt=11&amp;ign-mpt=uo%3D4\" target=\"_blank\" rel=\"noreferrer noopener\">iTunes<\/a\n    >\n  <\/li>\n  <li>\n    <a href=\"https:\/\/play.google.com\/store\/books\/details?id=uL7dCgAAQBAJ\" target=\"_blank\" rel=\"noreferrer noopener\">Google<\/a\n    >\n  <\/li>\n  <li>\n    Or direct from\n    <a href=\"http:\/\/eu.wiley.com\/WileyCDA\/WileyTitle\/productCd-1118456076.html\" target=\"_blank\" rel=\"noreferrer noopener\">Wiley Europe<\/a\n    >\n    and other Wiley sites.\n  <\/li>\n<\/ul>\n\n<p>\n  It is also available as a whole or individual chapters from Wiley&#8217;s online\n  Library:\n  <a href=\"http:\/\/onlinelibrary.wiley.com\/book\/10.1002\/9781118945520\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/book\/10.1002\/9781118945520<\/a\n  ><br \/><br \/>Front matter:<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.fmatter\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.fmatter\/summary<\/a\n  ><br \/>Chapter 1: Why Agent-based Modelling is useful for economists<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch1\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch1\/summary<\/a\n  ><br \/>Chapter 2: Starting Agent-based Modelling<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch2\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch2\/summary<\/a\n  ><br \/>Chapter 3: Heterogeneous Demand<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch3\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch3\/summary<\/a\n  ><br \/>Chapter 4: Social Demand<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch4\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch4\/summary<\/a\n  ><br \/>Chapter 5: Benefits of Barter<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch5\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch5\/summary<\/a\n  ><br \/>Chapter 6: The Market<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch6\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch6\/summary<\/a\n  ><br \/>Chapter 7: Labour Market<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch7\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch7\/summary<\/a\n  ><br \/>Chapter 8: International Trade<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch8\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch8\/summary<\/a\n  ><br \/>Chapter 9: Banking<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch9\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch9\/summary<\/a\n  ><br \/>Chapter 10: The Tragedy of the Commons<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch10\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch10\/summary<\/a\n  ><br \/>Chapter 11: Summary and Conclusions<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch11\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.ch11\/summary<\/a\n  ><br \/>Index:<br \/><a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.index\/summary\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/9781118945520.index\/summary<\/a\n  >\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agent-based Modelling in Economics By Lynne Hamill and Nigel Gilbert Published by John Wiley &amp; Sons, Ltd in 2016. Print ISBN: 9781118456071; Online ISBN: 9781118945520; DOI: 10.1002\/9781118945520 New methods of economic modelling have been sought as a result of the global economic downturn in 2008. This unique book highlights the benefits of an agent\u2013based modelling&hellip;&nbsp;<a href=\"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/hamill-and-gilbert\/\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Hamill and Gilbert<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"class_list":["post-635","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/pages\/635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/comments?post=635"}],"version-history":[{"count":6,"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/pages\/635\/revisions"}],"predecessor-version":[{"id":645,"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/pages\/635\/revisions\/645"}],"wp:attachment":[{"href":"https:\/\/cress.soc.surrey.ac.uk\/cresswp\/wp-json\/wp\/v2\/media?parent=635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}