Handbook of Computational Economics

Introduction for Volume 3 of the Handbook of Computational Economics

Computational power continues to explode in terms of both hardware and algorithms. The previous volumes presented the state of the art in the past. Volume 1 of the Handbook of Computational Economics [Amman et al. (1996)] surveyed the growing literature on computational methods for solving standard economic models such as Arrow-Debreu-McKenzie general equilibrium models and rational expectations models, and dynamic optimization. Volume 2 (Tesfatsion and Judd, 2006) focused on the foundations and applications of Agent-based Computational Economics (ACE), a computationally intensive approach to economics that offers an alternative to standard modeling approaches in economics. ...