ENGLISH

Computational Models in Political Economy

By Kenneth W. Kollman

Book information

Publisher
MIT Press
ISBN
0262112752, 9780262112758
Language
english
Format
PDF
Filesize
24 MB (24792666 bytes)
Pages
283\297
Time added
2020-03-15 00:21:06

Description

The use of innovative computational models in political economic research as a complement to traditional analytical methodologies. Researchers are increasingly turning to computational methods to study the dynamic properties of political and economic systems. Politicians, citizens, interest groups, and organizations interact in dynamic, complex environments, and the static models that are predominant in political economy are limited in capturing fundamental features of economic decision making in modern democracies. Computational models--numerical approximations of equilibria and dynamics that cannot be solved analytically--provide useful insight into the behavior of economic agents and the aggregate properties of political systems. They serve as a valuable complement to existing mathematical tools.This book offers some of the latest research on computational political economy. The focus is on theoretical models of traditional problems in the field. Each chapter presents an innovative model of interaction between economic agents. Topics include voting behavior, candidate position taking, special interest group contributions, macroeconomic policy making, and corporate decision making. Contents Introduction - Ken Kollman, John H. Miller, and Scott E. Page 1- A Dynamic Model of Multidimensional Collective Choice - David P. Baron and Michael C. Herron 2- Fluidity of Social Norms in a Hierarchical System Joseph E. Harrington, Jr. 3- Learning, Central Bank Independence, and the Politics of Excess Foreign Returns - Jude C. Hays and Diana Richards 4- A Computational Theory of Electoral Competition - John E. Jackson 5- A Computational Model of Voter Sophistication, Ideology, and Candidate Position Taking - Scott de Marchi 6- The Other Side of the Coin: A Computational Analysis of Publicly Financed Campaigns - Michael Bailey 7- Political Institutions and Sorting in a Tiebout Model - Ken Kollman, John H. Miller, and Scott E. Page 8- Recovering Behavioralism: Adaptively Rational Strategic Behavior with Endogenous Aspirations - Jonathan Bendor, Daniel Diermeier, and Michael Ting Contributors Index

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