An Agent-Based Model of Institutional Life-Cycles

An Agent-Based Model of Institutional Life-Cycles

We use an agent-based model to investigate the interdependent dynamics between individual agency and emergent socioeconomic structure, leading to institutional change in a generic way. Our model simulates the emergence and exit of institutional units, understood as generic governed social structure...

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Bibliographic Details
Main Authors: Manuel Wäckerle, Bernhard Rengs, Wolfgang Radax
Format: Article
Language:English
Published: MDPI AG 2014-08-01
Series:Games
Subjects:
institutional economics
institutional life-cycles
agency-structure dynamics
iterated prisoners dilemma
agent-based modeling
applied game theory
evolutionary political economy
complexity
Online Access:http://www.mdpi.com/2073-4336/5/3/160

Internet

http://www.mdpi.com/2073-4336/5/3/160

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