Introducing Land Constraints to Macroeconomic Agent-Based Models

Jacob Kelter; Uri Wilensky; Joseph Potvin

doi:10.1007/978-3-031-37553-8_3

Introducing Land Constraints to Macroeconomic Agent-Based Models

Jacob Kelter^*, Uri Wilensky, Joseph Potvin

^*Corresponding author for this work

School of Education and Social Policy

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

We present a macroeconomic agent-based model that incorporates land to constrain maximum agricultural production. The model contains three types of agents: firms, households, and land plots. Firms employ households to produce consumer goods which household then buy from firms. The maximum production of firms is limited by the area of land available to them. Varying the availability of land and investigating the results on unemployment, wage rates, firm turnover rates, profits, and inequality among households and firms shows that the interests of firms and households conflict regarding the ideal amount of land available for production.

Original language	English (US)
Title of host publication	Proceedings of the 2022 Conference of The Computational Social Science Society of the Americas -
Editors	Zining Yang, Santiago Núñez-Corrales
Publisher	Springer Science and Business Media B.V.
Pages	35-48
Number of pages	14
ISBN (Print)	9783031375521
DOIs	https://doi.org/10.1007/978-3-031-37553-8_3
State	Published - 2023
Event	Annual conference of the Computational Social Science Society of the Americas, CSSSA 2022 - Santa Fe, Mexico Duration: Oct 27 2022 → Oct 30 2022

Publication series

Name	Springer Proceedings in Complexity
ISSN (Print)	2213-8684
ISSN (Electronic)	2213-8692

Conference

Conference	Annual conference of the Computational Social Science Society of the Americas, CSSSA 2022
Country/Territory	Mexico
City	Santa Fe
Period	10/27/22 → 10/30/22

Keywords

Agent-based modeling
Land
Macroeconomics

ASJC Scopus subject areas

Applied Mathematics
Modeling and Simulation
Computer Science Applications

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-031-37553-8_3

Cite this

Kelter, J., Wilensky, U., & Potvin, J. (2023). Introducing Land Constraints to Macroeconomic Agent-Based Models. In Z. Yang, & S. Núñez-Corrales (Eds.), Proceedings of the 2022 Conference of The Computational Social Science Society of the Americas - (pp. 35-48). (Springer Proceedings in Complexity). Springer Science and Business Media B.V.. https://doi.org/10.1007/978-3-031-37553-8_3

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title = "Introducing Land Constraints to Macroeconomic Agent-Based Models",

abstract = "We present a macroeconomic agent-based model that incorporates land to constrain maximum agricultural production. The model contains three types of agents: firms, households, and land plots. Firms employ households to produce consumer goods which household then buy from firms. The maximum production of firms is limited by the area of land available to them. Varying the availability of land and investigating the results on unemployment, wage rates, firm turnover rates, profits, and inequality among households and firms shows that the interests of firms and households conflict regarding the ideal amount of land available for production.",

keywords = "Agent-based modeling, Land, Macroeconomics",

author = "Jacob Kelter and Uri Wilensky and Joseph Potvin",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.; Annual conference of the Computational Social Science Society of the Americas, CSSSA 2022 ; Conference date: 27-10-2022 Through 30-10-2022",

year = "2023",

doi = "10.1007/978-3-031-37553-8_3",

language = "English (US)",

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series = "Springer Proceedings in Complexity",

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Kelter, J, Wilensky, U & Potvin, J 2023, Introducing Land Constraints to Macroeconomic Agent-Based Models. in Z Yang & S Núñez-Corrales (eds), Proceedings of the 2022 Conference of The Computational Social Science Society of the Americas -. Springer Proceedings in Complexity, Springer Science and Business Media B.V., pp. 35-48, Annual conference of the Computational Social Science Society of the Americas, CSSSA 2022, Santa Fe, Mexico, 10/27/22. https://doi.org/10.1007/978-3-031-37553-8_3

Introducing Land Constraints to Macroeconomic Agent-Based Models. / Kelter, Jacob; Wilensky, Uri; Potvin, Joseph.
Proceedings of the 2022 Conference of The Computational Social Science Society of the Americas -. ed. / Zining Yang; Santiago Núñez-Corrales. Springer Science and Business Media B.V., 2023. p. 35-48 (Springer Proceedings in Complexity).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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T1 - Introducing Land Constraints to Macroeconomic Agent-Based Models

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N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.

PY - 2023

Y1 - 2023

N2 - We present a macroeconomic agent-based model that incorporates land to constrain maximum agricultural production. The model contains three types of agents: firms, households, and land plots. Firms employ households to produce consumer goods which household then buy from firms. The maximum production of firms is limited by the area of land available to them. Varying the availability of land and investigating the results on unemployment, wage rates, firm turnover rates, profits, and inequality among households and firms shows that the interests of firms and households conflict regarding the ideal amount of land available for production.

AB - We present a macroeconomic agent-based model that incorporates land to constrain maximum agricultural production. The model contains three types of agents: firms, households, and land plots. Firms employ households to produce consumer goods which household then buy from firms. The maximum production of firms is limited by the area of land available to them. Varying the availability of land and investigating the results on unemployment, wage rates, firm turnover rates, profits, and inequality among households and firms shows that the interests of firms and households conflict regarding the ideal amount of land available for production.

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KW - Macroeconomics

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Introducing Land Constraints to Macroeconomic Agent-Based Models

Abstract

Publication series

Conference

Keywords

ASJC Scopus subject areas

UN SDGs

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