Journal or Book Title
Journal of Economic Literature
First Page or Article ID Number
Agent-based computational economics (ACE) is the computational modeling of economic processes (including whole economies) as openended dynamic systems of interacting agents (Tesfatsion 2016a). In this book, author Shu-Heng Chen—an important pioneering contributor to the development of ACE—undertakes a detailed exposition of the ACE modeling approach that focuses on two fundamental questions. First, what is ACE? Second, to what extent is ACE useful, or even necessary, for understanding economic processes?
American Economic Association
Tesfatsion, Leigh, "Review of Agent-Based Computational Economics: How the Idea Originated and Where It Is Going" (2016). Economics Publications. 678.