Genetic innovation, intermediate goods and energy prices in an agent-based model

29  June 2026    2:00 pm CEST

Join us for the hybrid presentation of the final results of the Jubilee Fund project with Bernhard Schütz, and Oliver Reiter.

Venue

wiiw Library, 2nd floor
Rahlgasse 3
1060 Vienna

Online via Zoom (for online participation, please register via Zoom)

Registration

Description

Join us for our upcoming hybrid event where we will present the findings from our project 'Genetic innovation, intermediate goods and energy prices in an agent-based model'.

In this session, the speakers will discuss the findings of the project which is comprised of three papers:

  • The structural interdependency of industries: An agent-based model
  • Genetic innovation in an agent-based model: A new form of technological change
  • Energy as the activator of the capital stock: an agent-based modelling perspective

Agent-based models have been receiving ever more attention in recent years. We develop a new agent-based model that incorporates multiple industries, multiple firm types (final good, intermediate good or capital good producers), differentiates between homogenous intermediate and tailor-made capital goods and employs the Almost Ideal Demand System (AIDS) for modelling household consumption behaviour. A first extension of the model enables a new way to model technological change (“genetic innovation”), where firms incrementally update their production coefficients. In a second extension, “energy activates the capital stock”: only with energy can capital provide useful work as an input to the production process.

Don't miss the opportunity to gain valuable insights into the various aspects of agent-based models, innovation and energy modelling.

This event takes place in the framework of the project 'Genetic innovation, intermediate goods and energy prices in an agent-based model' which is financed by the Anniversary Fund of the Oesterreichische Nationalbank (Project No. 18830).

The support provided by the Oesterreichische Nationalbank for this research is gratefully acknowledged.

Online Participation

To attend at the venue, please register here.
To attend online, please register here.

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