A simple theory of ‘meso’. On the co-evolution of institutions and platform size—With an application to varieties of capitalism and ‘medium-sized’ countries

Elsner, Wolfram; Heinrich, Torsten

doi:10.1016/j.socec.2009.05.001

Cited by 30 publications

(22 citation statements)

References 29 publications

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“…Эндогенный процесс формирования правил и возникновения групп их носителей на мезоуровне есть следствие попытки коллективного преодоления экономическими агентами условий неопределенности с целью экономической координации и минимизации потерь (Elsner, 2009;Elsner and Heinrich, 2009). Группы носителей возникших правил в процессе коэволюции сложных систем возводят эти правила в новое институциональное качество в условиях, когда выработанные правила переносятся с уровня микро-и мезо-взаимодействий на уровень макроэкономического пространства (Elsner and Schwardt, 2014, p. 107).…”

Section: мезоуровень в теории игр: эволюция и институтыunclassified

Mesoeconomic Theory in English-Scientific Literature

Kruglova¹

2017

JIS

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Section: мезоуровень в теории игр: эволюция и институтыunclassified

Mesoeconomic Theory in English-Scientific Literature

Kruglova¹

2017

JIS

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“…On the meso level, ACE models allow the natural inclusion of institutions, rules and networks (Elsner and Heinrich, 2009;Elsner et al, 2014). It is therefore straightforward to study phenomena such as reconstitutive downward causation in these models (Hodgson and Knudsen, 2004).…”

Section: What Agent-based-computational Models Are Aboutmentioning

confidence: 99%

“…ACE models can guide the instututionalist reasoning in the framework of meso economics as they can be helpful in determining the critical group size for an institution to persist and can help to figure out non-trivial connections among the variables in the model (Elsner and Heinrich, 2009;Elsner, 2010).…”

Section: Social Systems Show Organised Complexitymentioning

confidence: 99%

Agent-based computational models– a formal heuristic for institutionalist pattern modelling?

Gräbner

2015

Journal of Institutional Economics

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Institutionalist economists have always been criticizing the neoclassical way of studying the economy, especially because of its obsession to a very strict and flawed formalism. This formalism receives critique also from advocates of agent-based computational economic (ACE) models. The criticism seems to be similar to that of institutional economists. Although some authors consider ACE models to belong to a completely new way of thinking about economics, many concepts of ACE have been anticipated by institutionalists: Although using a different vocabulary, ACE proponents speak about cumulative causation, realistic agents, explanatory models, dynamic relations among individuals and the necessity to see the economy as an systemic whole rather than from an atomistic perspective. Consequently, the emergence of the ACE framework may not be left unconsidered by institutionalist economists. This paper investigates the consistency of ACE models with the institutionalist research program as defined by Myrdal, Wilber and Harrison and other original institutionalists and discusses whether ACE models can be a useful heuristic for institutionalist "pattern modelling". I study the ability of ACE models to provide a holistic, systemic and evolutionary picture of the economy, the conception of agents in ACE models, and ask whether they can help to understand the social stratification of a society with its power relations. I also compare ACE models with earlier attempts to formalize institutionalist analysis, e.g. by Bush and Elsner (Theory of Institutional Change), Hayden (Social-Fabric-Matrix) or Radzicki (System Dynamics).

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“…But if an institution is represented by a proper object (which may change over time and whose effect may change depending on the support it gets from the agents) that interacts with the agents, then one can speak of a direct interaction of two ontological levels and thus proper downward effects. 12 Thus, ABMs allow a very precise study of institutions, rules and networks on a potential meso-level of the system and their corresponding relation to the individual agents (Elsner & Heinrich, 2009;Elsner, Heinrich, & Schwardt, 2014). Also, the agents do not necessarily follow the same stimulus -response pattern the whole time, but can be given the ability to adapt themselves to their environment, learn from past experience and develop new objectives and strategies.…”

Section: Forum For Social Economicsmentioning

confidence: 99%

Formal Approaches to Socio-economic Analysis—Past and Perspectives

Gräbner

2015

Forum for Social Economics

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This paper is motivated by the observation that (1) socio-economic analysis uses significantly less formalisms than mainstream economics and (2) that there exist numerous situations in which socio-economics could benefit from a more formal analysis. This is particularly the case when institutions play an important role in the system to be investigated. Starting with a broad conception of formalism, this paper introduces and discusses five different formal approaches regarding their adequateness for socio-economic analysis: The Social Fabric Matrix Approach, the Institutional Analysis and Development Framework, System Dynamics, (Evolutionary) Game Theory and Agent Based Computational Modelling. Every formalism entails implicit ontological and epistemological tendencies that have to be reflected on if the formalism should contribute to a better understanding of the system under investigation. The above-mentioned formalisms are no exception. Therefore, this paper pays particular attention to these tendencies. In the end, antagonisms and possible convergences among the formalisms are discussed.

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A simple theory of ‘meso’. On the co-evolution of institutions and platform size—With an application to varieties of capitalism and ‘medium-sized’ countries

Cited by 30 publications

References 29 publications

Mesoeconomic Theory in English-Scientific Literature

Mesoeconomic Theory in English-Scientific Literature

Agent-based computational models– a formal heuristic for institutionalist pattern modelling?

Formal Approaches to Socio-economic Analysis—Past and Perspectives

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