A new firm-level model of corporate sector interactions and fragility: The Corporate Agent-Based (CAB) model:

This paper develops a new large-scale firm-level simulation model, the Corporate Sector Agent-Based (CAB) Model, which is applied to analyse the COVID-19 shock and policy options in Barnes, Hillman, MacDonald and Wharf (2021). Agent-based models (ABMs) simulate the interaction of autonomous agents t...

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Bibliographische Detailangaben
1. Verfasser: Hillman, Robert (VerfasserIn)
Weitere Verfasser: Barnes, Sebastian (MitwirkendeR), Wharf, George (MitwirkendeR), MacDonald, Duncan (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2021
Schriftenreihe:OECD Economics Department Working Papers
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Zusammenfassung:This paper develops a new large-scale firm-level simulation model, the Corporate Sector Agent-Based (CAB) Model, which is applied to analyse the COVID-19 shock and policy options in Barnes, Hillman, MacDonald and Wharf (2021). Agent-based models (ABMs) simulate the interaction of autonomous agents to generate emergent aggregate behaviours. The CAB model takes into account: heterogeneity across firms; a realistic customer-supplier network; interactions between firms; rule-of-thumb behaviour by firms and bankruptcy constraints
Beschreibung:1 Online-Ressource (54 Seiten)
DOI:10.1787/e9de0097-en