Rethinking Macroeconomics with Endogenous Market Structure

Marco Mazzoli is Associate Professor of Economic Policy at Università degli Studi di Genova. He has published various papers in international journals, as well as the monograph Credit, Investments and the Macroeconomy (Cambridge, 1998). Matteo Morini is currently a postdoctoral researcher at the Universität Koblenz-Landau, Germany, and holds a research scientist position at Università degli Studi di Torino, Italy; he also teaches in the Collegio Carlo Alberto postgraduate programme and sits on the board of directors (as vice-president) of the Swarm Development Group. He has co-authored and co-edited two books on complexity and agent-based modelling. Pietro Terna is a retired professor of Università degli Studi di Torino, Italy, where he was a full Professor of Economics. His research work has been pioneering the use of Swarm to create social simulations with agent-based models. He has also prepared a new agent-based simulation tool in Python (Swarm-Like Agent Protocol in Python), SLAPP.

Introduction; Part I. Theory: 1. Industrial structure and the macroeconomy: a few premises for a macromodel; 2. Industrial structure and the macroeconomy: the macroeconomic model and its algebraic framework; Part II. Model: 3. A computable market model: the structure of the agent-based simulation; 4. The results of the simulation agent-based model; 5. The model facing empirical data; Conclusions; Appendices: Appendix A. The structure of an atomistic simplified Hayekian market; Appendix B. The acrostics of the simulation model and its parameters; References; Biographical notes.