|Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. This chapter explores the potential advantages and disadvantages of ACE for the study of economic systems. General points are concretely illustrated using an ACE model of a two-sector decentralized market economy. Six issues are highlighted: Constructive understanding of production, pricing, and trade processes; the essential primacy of survival; strategic rivalry and market power; behavioral uncertainty and learning; the role of conventions and organizations; and the complex interactions among structural attributes, institutional arrangements, and behavioral dispositions.
Peer review refers to the work done during the screening of submitted manuscripts and funding applications. This process encourages authors to meet the accepted standards of their discipline and reduces the dissemination of irrelevant findings, unwarranted claims, unacceptable interpretations, and personal views. Publications that have not undergone peer review are likely to be regarded with suspicion by academic scholars and professionals.
International Journal of Economics & Management Sciences (IJEMS) is one of the best peer-reviewed journal on Computational Economics. IJEMS is a bi-annual, interdisciplinary journal. IJMSS focuses on integrating theory, research and practice in the area of management & social sciences. It aspires to bring academicians, researchers, industrial community, entrepreneurs & development practitioners together.
OMICS International with its open access journals represents the research findings and advancements in various scientific and medical disciplines. Information plays a key role in the knowledge societies and this knowledge is rising by leaps and bounds within no time. .Scientists and academicians require a broad understanding of the latest updates in the respective discipline for their professional and learning endeavors.