Agent-based model of economics: market mechanisms, decision making, taxation

Hulianytskyi L., Omelianchyk D.

Int. J. "Information Technologies & Knowledge". – 2015. – 9, N 1. – P. 25-33.


This paper describes the elaborated agent-based model of functioning of economics. We also include different ways of implementation of main structural components of the model (economic agents) and methods of their interaction (market mechanisms). The procedures of making production decisions by agents are being of particular attention to us. The final part of this article presents results of the computational experiment designed to analyze dynamics of tax revenues depending on the tax rate value.

Ключові слова: mathematical modeling, agent-based modeling, intelligent agents, mathematical economics, tax rates.

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