A few months ago Ian Wright directed me to his Closed Social Architecture (CSA) agent-based model (ABM) based on random agent actions, and I attempted to describe it in terms of information equilibrium. I thought this might be an interesting test case for the dynamic unemployment equilibrium model.

So far, my initial poking around hasn't revealed anything conclusive. I thought I'd show you some graphs of the work in progress. The first graph is a fit to the ABM's unemployment rate

*u = U/(U + E)*where*U*are the total number of unemployed and*E*are the total number of employed (so that*U + E*is the labor force). The second and third graphs are the information equilibrium relationships*NGDP ⇄ P*and*NGDP ⇄ U*that I found in the original link above (*NGDP*is total output and*P*is the profit level).
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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.