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This paper deals with the problem of analyzing the behavior of an agent-based (AB) model.
Persistent link: https://www.econbiz.de/10010862069
Starting from an agent-based interpretation of the well-known Bass innovation diffusion model, we perform a Montecarlo analysis of the performance of a method of simulated moment estimator. We show that nonlinearities of the moments lead to a small bias in the estimates in small populations, and...
Persistent link: https://www.econbiz.de/10010615370