Home Page: Leigh Tesfatsion
Last Updated: 27 January 2008
Address:
Professor of Economics and Mathematics
Department of Economics/Heady 375
Iowa State University
Ames, IA 50011-1070
Tel: (515) 294-7318
FAX: (515) 294-0221
http://www.econ.iastate.edu/tesfatsi/
tesfatsi AT iastate.edu
The Web
http://www.econ.iastate.edu/tesfatsi/
Primary Research Areas
Agent-Based Computational Economics (ACE)
Agent-Based Research on Restructured Electricity Markets
Learning and Coordination in Decentralized Market Economies
Learning via Criterion Filtering
(temporal-difference/Q-learning)
Evolution of Interaction Networks
(e.g., endogenization of matching functions in labor markets)
The Trade Network Game Laboratory
(endogenous network formation through choice and refusal of game partners)
Optimality and Efficiency in Open-Ended Dynamic Economies
(e.g., First Welfare Theorem for overlapping generations economies)
Multicriteria Estimation
(e.g., time-varying regression via Flexible Least Squares)
Nonlinear Estimation Via Multicriteria Associative Memories
Adaptive Computation Methods for Nonlinear Systems
(nonlocal sensitivity analysis, eigenvalue/eigenvector tracking, automatic differentiation, adaptive homotopy continuation)
Current Research Topics
Agent-based computational economics: A constructive approach to economic theory;
Testing the efficiency and reliability of restructured wholesale power market designs;
Open-source software for restructured wholesale power markets;
Analysis of decentralized market economies as distributed local-interaction systems;
Concentration and market power in dynamic economies.
Course Preparations Online
Agent-Based Computational Economics (Econ 308)
. Last Taught: Spring 2008.
Masters Level Macroeconomic Theory (Econ 502)
. Last Taught: Fall 2007.
Money, Banking, and Financial Institutions (Econ 353)
. Last Taught: Fall 2007.
RePast: A Software Toolkit for Agent-Based Social Science Modeling
, a detailed self-study resource site for local and long-distance learners, continuously maintained.
VII Trento Summer School: Intensive Course on Agent-Based Computational Economics
. July 3-21, 2006.
Macroeconomic Coordination (Ph.D. Level Course Module)
for Econ 606: Advanced Macro Topics. Last Taught: Spring 2004 (first five weeks).
Macroeconomic Coordination (Masters Level Course Module)
for Econ 502: Macroeconomic Theory. Last Taught: Fall 2003 (last five weeks).
Economic Growth (Ph.D. Level Course Module)
for Econ 602: Ph.D. Macroeconomic Theory I. Last Taught: Spring 2003 (first five weeks).
Ph.D. Macroeconomic Theory II (Econ 604)
. Last Taught: Spring 1997.
Intermediate Macroeconomics (Econ 302)
. Last Taught: Fall 1996.
Ph.D. Financial Markets and Monetary Economics (Econ 654)
. Last Taught: Spring 1996.
Open-Source Software Releases
AMES Market Package (Java):
Agent-Based Modeling of Electricity Systems
(homepage)
DCOPFJ (Java):
A DC Optimal Power Flow Solver
(homepage)
TNGLab (C++/VB):
Trade Network Game Laboratory
(homepage)
FLS (Fortran):
Flexible Least Squares for Time-Varying Linear Regression
(homepage)
GFLS (Fortran):
Generalized Flexible Least Squares for Approximately Linear Systems
(homepage)
MAM (Fortran):
Multicriteria Associative Memories for Nonlinear Estimation
(homepage)
NASA (Fortran):
Nonlocal Automated Sensitivity Analysis
(homepage)
General Resource Websites Maintained
On-Line Guide for Newcomers to Agent-Based Modeling
in the Social Sciences
(R. Axelrod and L. Tesfatsion)
Agent-Based Computational Economics
Formation of Economic and Social Networks
Open-Source Software for Electricity Market Research, Teaching, and Training
General Resources on Electricity Restructuring
General Resources for Macro and Financial Economics
Additional Information
Short bio
(html)
Abbreviated Vita
(html)
with annotated research paper links and open-source software downloads (AMES Market package, DCOPFJ package for DC-OPF, TNGLab, TNG/SimBioSys, FLS, GFLS, MAM, and NASA).
Complete Vita
(pdf,155K)