教師資料查詢 | 類別: 期刊論文 | 教師: 池秉聰 Chih, Ping-tsung (瀏覽個人網頁)

標題:Agent-Based Modeling of a Non-tâtonnement Process for the Scarf Economy: The Role of Learning
學年107
學期2
出版(發表)日期2019/06/01
作品名稱Agent-Based Modeling of a Non-tâtonnement Process for the Scarf Economy: The Role of Learning
作品名稱(其他語言)
著者Shu-Heng Chen; Bin-Tzong Chie; Ying-Fang Kao; Ragupathy Venkatachalam
單位
出版者
著錄名稱、卷期、頁數Computational Economics 54(1), p.305-341
摘要In this paper, we propose a meta-learning model to hierarchically integrate individual learning and social learning schemes. This meta-learning model is incorporated into an agent-based model to show that Herbert Scarf’s famous counterexample on Walrasian stability can become stable in some cases under a non-tâtonnement process when both learning schemes are involved, a result previously obtained by Herbert Gintis. However, we find that the stability of the competitive equilibrium depends on how individuals learn—whether they are innovators (individual learners) or imitators (social learners), and their switching frequency (mobility) between the two. We show that this endogenous behavior, apart from the initial population of innovators, is mainly determined by the agents’ intensity of choice. This study grounds the Walrasian competitive equilibrium based on the view of a balanced resource allocation between exploitation and exploration. This balance, achieved through a meta-learning model, is shown to be underpinned by a behavioral/psychological characteristic.
關鍵字Non-tâtonnement process;Coordination;Agent-based modeling;Learning
語言英文(美國)
ISSN0927-7099
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別瑞士
公開徵稿
出版型式,電子版,紙本
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