Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31830
Authors: 
Brenner, Thomas
Werker, Claudia
Year of Publication: 
2006
Series/Report no.: 
Papers on economics and evolution 0602
Abstract: 
This paper introduces a categorization of simulation models. It provides an explicit overview of the steps that lead to a simulation model. We highlight the advantages and disadvantages of various simulation approaches by examining how they advocate different ways of constructing simulation models. To this end, it discusses a number of relevant methodological issues, such as how realistic simulation models are obtained and which kinds of inference can be used in a simulation approach. Finally, the paper presents a practical guide on how simulation should and can be conducted.
Subjects: 
Methodology
Simulation Models
Practical Guide
JEL: 
B41
B52
C63
Document Type: 
Working Paper

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