Assessing Organisational Design

Abstract

This chapter describes a number of agent-based market models. They can be seen as belonging to different trends in that different types of markets are presented (goods markets, with or without stocks, or financial markets with diverse price mechanisms, or even markets with or without money), but they also represent different aims that can be achieved with the simulation tool. For example, they show that it is possible to develop precise interaction processes to include loyalty among actors; try to mimic as well as possible the behavior of real humans. After they have been recorded in experiments; or try to integrate psychological data to show a diffusion process. All market models share a deep interest in what is fundamental in agent-based simulation, such as the role of interaction, inter-individual influence, and learning, which induces a change in the representation that that agents have of their environments.