A special issue of the De Gruyter journal “Jahrbücher für Nationalökonomie und Statistik” on “Advancing Agent Based Economics” has been published. Agent-based modeling (ABM) has become a crucial computational methodology in economics and finance, allowing researchers to simulate and analyze the complex interactions and adaptive behaviors of agents within economic systems. Significant progress has been made in understanding speculative markets driven by agents’ expectation formation, technology diffusion in growth models that account for short-term economic fluctuations, labor markets where workers possess heterogeneous skills, operate under diverse institutional environments, and are possibly embedded in social networks, among many other domains. The current special issue, comprising four papers, adds to this line of research.

Link to special issue