EURACE: A massively parallel agent-based model of the European economy

Authored by Christophe Deissenberg, Sander van der Hoog, Herbert Dawid

Date Published: 2008-10-15

DOI: 10.1016/j.amc.2008.05.116

Sponsors: European Union

Platforms: FLAME

Model Documentation: Other Narrative Flow charts

Model Code URLs: Model code not found

Abstract

EURACE is a major European attempt to construct an agent-based model of the European economy with a very large population of autonomous, purposive agents interacting in a complicated economic environment. To create it, major advances are needed, in particular in terms of economic modeling and software engineering. In this paper, we describe the general structure of the economic model developed for EURACE and present the Flexible Large-scale Agent Modelling Environment (FLAME) that will be used to describe the agents and run the model on massively parallel supercomputers. Illustrative simulations with a simplified model based on EURACE's labor market module are presented. (C) 2008 Elsevier Inc. All rights reserved.

Tags

Agent-Based Computational Economics Parallel computation X-machines