TY - JOUR AB - EURACE is a major European attempt to construct an agent-based model of the European economy with a very large population of autonomous, purposive agents interacting in a complicated economic environment. To create it, major advances are needed, in particular in terms of economic modeling and software engineering. In this paper, we describe the general structure of the economic model developed for EURACE and present the Flexible Large-scale Agent Modelling Environment (FLAME) that will be used to describe the agents and run the model on massively parallel supercomputers. Illustrative simulations with a simplified model based on EURACE's labor market module are presented. (C) 2008 Elsevier Inc. All rights reserved. DA - 2008 DO - 10.1016/j.amc.2008.05.116 KW - Eurace@Unibi model KW - Agent-based computational economics KW - Parallel computation KW - X-machines KW - agent-based modelling KW - ETACE_Agent_Based_Modelling LA - eng IS - 2 M2 - 541 PY - 2008 SN - 0096-3003 SP - 541-552 T2 - Applied Mathematics and Computation TI - EURACE: A massively parallel agent-based model of the European economy UR - https://nbn-resolving.org/urn:nbn:de:0070-pub-15858503 Y2 - 2024-11-22T07:53:06 ER -