Agent-based computational Economics, the Python library that makes AB modelling easier
ABCE is a Python based modeling platform for economic simulations. For simulations of trade, production, and consumption, ABCE comes with standard functions that implement these kinds of interactions and actions. The modeler only implements the logic and decisions of the agents; ABCE takes care of all exchange of goods and production and consumption.
One special feature of ABCE is that goods have the physical properties of goods in reality. In other words, if agent A gives a good to agent B, then - unlike information - agent B receives the good and agent B does not have the good anymore. That means that agents can trade, produce or consume a good. The ownership and transformations (production or consumption) of goods are automatically handled by the platform.
ABCE models are programmed in standard Python, stock functions of agents are inherited from archetype classes (Agent, Firm or Household). The only not-so-standard Python is that agents are executed in parallel by the Simulation class (in start.py).
ABCE does support an accounting framwork for financial simulations: ABCESL can be downloaded here.
Install with:
python3 -m pip install abce
The documentation is here:
An example is here:
A code example is here:
More code examples are here:
[(https://github.com/AB-CE/examples]((https://github.com/AB-CE/examples)
ABCE is a Python Agent-Based Computational Economy Platform, written by Davoud Taghawi-Nejad at the University of Oxford as part of the EconomicSL project. The impatient reader can jump directly to the ‘Interactive jupyter / IPython notebook Tutorial’, which explains how to set up a simulation. In the walk through you will learn how to set up an agent and how to trade with other agents. The Household and Firm classes allow to produce with different production functions and consume with utility functions. But models don’t have to use neoclassical assumptions. ABCE does support an accounting framwork for financial simulations: ABCESL can be downloaded here.
Install with:
python3 -m pip install abce
The documentation is here:
An example is here:
A code example is here: