Back to the future: agent-based modelling and dynamic microsimulation

Authors

Matteo Richiardi, Justin van de Ven

Publication Date

Dec 2023

Abstract

In this chapter we focus on the commonalities and differences between agent-based and dynamic microsimulation analytical approaches. Starting from a shared history, we discuss how the two literatures quickly diverged. Discussion concludes with evidence of some recent convergence between agent-based and dynamic microsimulation methods, and emerging opportunities for mutual reinforcement of the two methodologies.

Publication type

CeMPA Working Paper Series

Series Number

CEMPA8/23

Research areas

Family and gender, Health and wellbeing, Population changes and labour market dynamics, Tax and benefit systems

Links

https://www.iser.essex.ac.uk/research/publications/working-papers/cempa/cempa8-23

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