Development of Aspen: A microanalytic simulation model of the US economy

Abstract

This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, nor any of their contractors, subcontractors, or their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government, any agency thereof or any of their contractors or subcontractors. The views and opinions expressed herein do not necessarily state or reflect those of the United States Government, any agency thereof or any of their contractors.

The Program Budget: International Experience and Ukrainian Practice

“…Подібне розмежування може бути зроблене для ситуаційних моде-лей, що протиставляються моделям специфічної поведінки (подібно про-цесу злиття) або загальноекономічним моделям (подібно до американ-ської моделі ASPEN [62], яка була розроблена для дослідження наслідків змін у законодавстві, управлінні чи політиці).…”

Prediction and Uncertainty in Computational Modeling of Complex Phenomena: A Whitepaper

“…A particular model, ASPEN, has been formulated and implemented [30]. The intent is to use this type of model, or its extensions, to perform quantitative economic forecasting.…”

Aspen: A microsimulation model of the economy

“…Under steady-state demand conditions, a unique equilibrium of the game occurs when pi = P2 = qC/(q-2). In fact, when Sandia ran a prototype version of Aspen (described by Pryor-Basu-Quint [1996]) with two food firms, prices hovered near these values. Here, the genetic algorithms lead to prices dictated by theory.…”

“…The model described here is an update of the prototype model described in Pryor-Basu-Quint (1996). In that paper, this paper's model is referred to as the developmental model.…”