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  1. Implications of complex adaptive logistics systems on green logistics
    proposing an agent-based model for simulation
    Author: Tikekar, Devashish
    Published: 2010
    Publisher:  Jacobs Univ., School of Engineering and Science, Internat. Logistics, Systems Management, Bremen

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    Staats- und Universitätsbibliothek Bremen
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    02.B.3222
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Württembergische Landesbibliothek
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    62Ca/80626
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 393878623X; 9783938786239
    Series: Research contributions to strategic management ; Bd. 25
    Subjects: Logistik; Umweltmanagement; Treibhausgas-Emissionen; Simulation; Agentenbasierte Modellierung
    Scope: X, 44 S., graph. Darst., 30 cm
    Notes:

    Literaturangaben
  2. Agent-based models for financal markets
    Author: Kauschke, Jonas
    Published: 2010

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    Universitätsbibliothek Braunschweig
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
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    Subjects: Kapitalmarkttheorie; Agentenbasierte Modellierung; Markov-Kette; Anlageverhalten; Theorie; switching behavior
    Scope: Online-Ressource (88 S., 1,3 MB), graph. Darst.
    Notes:

    Zsfassung in dt. und engl. Sprache

    Parallel als Druckausg. erschienen

    Kiel, Univ., Diss., 2010
  3. Income tax evasion in a society of heterogeneous agents
    evidence from an agent-based model
    Author: Hokamp, Sascha; Pickhardt, Michael
    Published: 2010
    Publisher:  CAWM, Münster

    We analyze the evolution and extent of income tax evasion under alternative governmental policies in an agent-based model with heterogeneous agents. A novel aspect of our modeling is the use of an exponential utility function, which allows us to... more

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    We analyze the evolution and extent of income tax evasion under alternative governmental policies in an agent-based model with heterogeneous agents. A novel aspect of our modeling is the use of an exponential utility function, which allows us to assume rather realistic audit probabilities and to yield more realistic results with respect to the extent of tax evasion. Further, the introduction of lapse of time effects constitutes another novel aspect of our model. Among other things, the model allows for assessing the impact of alternative policies on tax evasion. Subject to the model features, we find that ethical norms and lapse of time effects reduce the extent of tax evasion particularly strong. -- income tax evasion ; heterogeneous population ; lapse of time ; ethical behavior ; agent-based models

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/51382
    Series: CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster ; 35
    Subjects: Steuerstrafrecht; Einkommensteuer; Agentenbasierte Modellierung; Theorie
    Scope: Online-Ressource (PDF-Datei: 19 S., 256,37 KB), graph. Darst.
  4. A few can do
    ethical behavior and the provision of public goods in an agent-based model
    Author: Pickhardt, Michael
    Published: 2010
    Publisher:  CAWM, Münster

    In this paper I examine the influence which a population of different behavioral types may have on the provision of public goods. In particular, the population or subject pool consists of three behavioral types: myopic selfish agents, enlightened... more

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    In this paper I examine the influence which a population of different behavioral types may have on the provision of public goods. In particular, the population or subject pool consists of three behavioral types: myopic selfish agents, enlightened selfish agents and ethically motivated agents. I use a simple agent-based simulation approach that incorporates type interaction based on forward-looking conditional cooperation within a standard linear public goods model. Among other things, I show that under the given circumstances non-provision of public goods is a negligible issue, even if the share of ethically motivated types in the population is rather small. -- Linear Public Goods Games ; Conditional Cooperation ; Ethical Behavior ; Agentbased Modeling ; Pareto-optimality

     
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    hdl: 10419/51381
    Series: CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster ; 37
    Subjects: Öffentliche Güter; Spieltheorie; Agentenbasierte Modellierung; Verhaltensökonomik; Ethik; Pareto-Optimum; Theorie
    Scope: Online-Ressource (PDF-Datei: 37 S., 383,07 KB), graph. Darst.
  5. Why don't people pay attention?
    endogenous sticky information in a DSGE Model
    Author: Dräger, Lena
    Published: 2010
    Publisher:  KOF, Zürich

    Building on the models of sticky information, we endogenize the probability of obtaining new information by introducing a switching mechanism allowing agents to choose between costly rational expectations and costless expectations under sticky... more

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    Building on the models of sticky information, we endogenize the probability of obtaining new information by introducing a switching mechanism allowing agents to choose between costly rational expectations and costless expectations under sticky information. Thereby, the share of agents with rational expectations becomes endogenous and timevarying. While central results of sticky information models are retained, we find that the share of rational expectations is positively correlated with the variance of the variable forecasted, providing a link to models of near-rationality. Output expectations in our model are generally more rational than inflation expectations, but the share of rational inflation expectations increases with a rising variance of the interest rate. With regard to optimal monetary policy, we find that the Taylor principle provides a necessary and sufficient condition for the determinacy of the model. However, output and inflation stability are optimized if the central bank does not react too strongly to inflation, but rather also targets the output gap with a relatively large coefficient in the Taylor rule. -- Endogenous sticky information ; heterogeneous expectations ; DSGE models

     
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    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/50350
    Series: KOF working papers / KOF Swiss Economic Institute, ETH Zurich ; 260
    Subjects: Informationsverbreitung; Rationalität; Dynamisches Gleichgewicht; Agentenbasierte Modellierung; Theorie
    Scope: Online-Ressource (PDF-Datei: 48 S., 530,37 KB), graph. Darst.
  6. Are agent-based simulations robust?
    the wholesale electricity trading case
    Author: Banal-Estañol, Albert; Rupérez Micola, Augusto
    Published: 2010

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Working papers / Department of Economics and Business, Universitat Pompeu Fabra ; 1214]
    Subjects: Finanzmathematik; Agentenbasierte Modellierung; Elektrizität; Großhandel
    Scope: Online-Ressource (26, [9] S., 409 Kb), graph. Darst.
  7. On a unique nondegenerate distribution of agents in the Huggett model
    Author: Kam, Timothy; Lee, Junsang
    Published: 2010
    Publisher:  Centre for Applied Macroeconomic Analysis, Australian National Univ., Canberra

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    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2010,19
    Subjects: Agentenbasierte Modellierung; Gleichgewichtsmodell; Stochastischer Prozess; Zustandsraummodell; Theorie
    Scope: Online-Ressource (7 S.), graph. Darst.
  8. Virtually science
    an agent-based model of the rise and fall of scientific research programs
    Author: Farhat, Daniel
    Published: 2010
    Publisher:  Univ of Otago, Dep. of Economics, Dunedin

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics discussion papers ; 1015
    Subjects: Sozialwissenschaft; Institutionelle Infrastruktur; Agentenbasierte Modellierung
    Scope: Online-Ressource (37 S., 2060 Kb), graph. Darst.
  9. Agent-based financial markets and New Keynesian macroeconomics :a synthesis
    Author: Lengnick, Matthias; Wohltmann, Hans-Werner
    Published: 2010
    Publisher:  Univ., Dep. of Economics, Kiel

    We combine a simple agent-based model of financial markets with a standard New Keynesian macroeconomic model via two straightforward channels. The result is a macroeconomic model that allows for the endogenous development of stock price bubbles. Even... more

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    We combine a simple agent-based model of financial markets with a standard New Keynesian macroeconomic model via two straightforward channels. The result is a macroeconomic model that allows for the endogenous development of stock price bubbles. Even with such a simplistic comprehensive model, we can show that the behavioral foundations of the stock market exert important influence on the macroeconomy, e.g. they change the impulse-response functions of macroeconomic variables significantly. We also analyze financial market transaction taxes as well as asset price bubble deflating monetary policy, and find that both can be used to reduce volatility and distortion of the macroeconomic aggregates. -- Agent-based financial markets ; New Keynesian macroeconomics ; stock market ; transaction tax ; Taylor rule

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/41552
    Series: Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics ; 2010-10
    Subjects: Börsenkurs; Spekulationsblase; Finanzmarkt; Agentenbasierte Modellierung; Neoklassische Synthese; Finanztransaktionssteuer; Taylor-Regel; Wirkungsanalyse; Theorie
    Scope: Online-Ressource (30 S.), graph. Darst.
  10. Consistent estimation of structural parameters in regression models with adaptive learning
    Author: Christopeit, Norbert; Massmann, Michael
    Published: 2010

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    W 899 (2010,77)
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    Media type: Book
    Format: Print
    Series: Array ; 2010,77
    Subjects: Lernen; Rationalität; Prognoseverfahren; Regressionsanalyse; Stochastischer Prozess; Agentenbasierte Modellierung; Theorie
    Scope: 45 S.
  11. Applications of agent-based models and nonlinear econometrics in finance
    Author: Demary, Markus
    Published: 2010

    This dissertation contains applications of agent-based financial market models and nonlinear econometric methods in financial economics. The first part deals with the analysis of the effectiveness of currency transaction taxes within financial market... more

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    This dissertation contains applications of agent-based financial market models and nonlinear econometric methods in financial economics. The first part deals with the analysis of the effectiveness of currency transaction taxes within financial market models with traders with heterogeneous investment horizons who use fundamental and trend-chasing trading rules to determine their demands for foreign currency. The analysis comes to the result that small taxes levied on currency transactions have the potential to reduce mispricings by crowding out short-term traders and destabilizing trend-extrapolating trading rules. However, mispricings increase for larger tax rates, since their harm the stabilizing fundamental trading rules, too. The second part deals with the econometric estimation of speculative dynamics. I find empirical evidence for similar speculative dynamics as implied by the agent-based financial market model of Lux (1995).

     
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  12. Innovations and sustainability strategies in the upland agriculture of northern Vietnam
    an agent-based modeling approach
    Author: Quang, Dang Viet
    Published: 2010
    Publisher:  EEPSEA, Singapore

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    C 263398
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    Source: Union catalogues
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    Media type: Book
    Format: Print
    ISBN: 9789810870713
    Series: Research report / Economy and Environmental Program for Southeast Asia ; 2010,4
    Subjects: Innovation; Strategisches Management; Nachhaltige Entwicklung; Ländlicher Raum; Berglandwirtschaft; Agentenbasierte Modellierung; Vietnam
    Scope: 58 S., Ill., graph. Darst.
  13. On a unique nondegenerate distribution of agents in the Huggett model
    Author: Kam, Timothy
    Published: 2010-06
    Publisher:  Institute of Economic Research, Hitotsubashi University, Tokyo

    A theoretical curiosity remains in the Huggett [1993] model as to the possible existence of a unique and degenerate stationary distribution of agent types. This coincides with the possibility that an equilibrium individual state space may turn out to... more

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    A theoretical curiosity remains in the Huggett [1993] model as to the possible existence of a unique and degenerate stationary distribution of agent types. This coincides with the possibility that an equilibrium individual state space may turn out to be trivial in the sense that every agent never escapes the binding common borrowing constraint. In this note, we extend and reinforce the proof of Lemma 3 in Huggett [1993]. By invoking a simple comparative-static argument, we establish that Huggett's result of a unique stationary equilibrium distribution of agents must be one that is nontrivial or nondegenerate

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10086/18590
    Series: PIE - CIS discussion paper ; 478
    Subjects: Agentenbasierte Modellierung; Gleichgewichtsmodell; Stochastischer Prozess; Zustandsraummodell; Theorie
    Other subjects: Array; Array; Array
    Scope: Online-Ressource (7 S., 147 Kb), graph. Darst.
  14. Approximate and almost-exact aggregation in dynamic stochastic heterogeneous-agent models
    Author: Reiter, Michael
    Published: 2010
    Publisher:  Inst. für Höhere Studien (IHS), Wien

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    W 1312 (258)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Reihe Ökonomie ; 258
    Subjects: Wirtschaftswachstum; Dynamisches Gleichgewicht; Agentenbasierte Modellierung; Systemtheorie; Kontrolltheorie; Ökonometrie; Theorie
    Scope: 49 S., graph. Darst., 30 cm
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    Literaturverz. S. 48 - 49

    Adresse d. Verl.: 1060 Wien, Stumpergasse 56
  15. Proceedings of the 12th European Agent Systems Summer School student session
    Published: 2010
    Publisher:  Lehrstuhl für Wirtschaftsinformatik, Univ. Bayreuth, Bayreuth

    This volume contains the papers presented at the Student Session of the 12th European Agent Systems Summer School (EASSS) held on 25th of August 2010 at Ecole Nationale Superieure des Mines de Saint-Etienne, France. The Student Session, organised by... more

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    This volume contains the papers presented at the Student Session of the 12th European Agent Systems Summer School (EASSS) held on 25th of August 2010 at Ecole Nationale Superieure des Mines de Saint-Etienne, France. The Student Session, organised by students, is designed to encourage student interaction and feedback from the tutors. By providing the students with a conference-like setup, both in the presentation and in the review process, students have the opportunity to prepare their own submission, go through the selection process and present their work to each other and their interests to their fellow students as well as internationally leading experts in the agent field,both from the theoretical and the practical sector. -- Autonomer Agent ; Agent <Informatik> ; Agent <Künstliche Intelligenz>

     
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    Language: English
    Media type: Conference proceedings
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    Other identifier:
    hdl: 10419/52633
    Corporations / Congresses: EASSS, 12 (2010, Saint-Etienne)
    Series: Bayreuther Arbeitspapiere zur Wirtschaftsinformatik ; 50
    Subjects: Wirtschaftsinformatik; Agentenbasierte Modellierung; Theorie
    Scope: Online-Ressource (PDF-Datei: [30] S., 736 KB), graph. Darst.
  16. Switching rates and the asymptotic behavior of herding models
    Published: 2010
    Publisher:  Kiel Inst. for the World Economy, Kiel

    Markov chains have experienced a surge of economic interest in the form of behavioral agent-based models that aim at explaining the statistical regularities of financial returns. We review some of the relevant mathematical facts and show how they... more

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    Markov chains have experienced a surge of economic interest in the form of behavioral agent-based models that aim at explaining the statistical regularities of financial returns. We review some of the relevant mathematical facts and show how they apply to agent-based herding models, with the particular goal of establishing their asymptotic behavior because several studies have pointed out that the ability of such models to reproduce the stylized facts hinges crucially on the size of the agent population (typically denoted by n), a phenomenon that is also known as n-dependence. Our main finding is that n-(in)dependence traces back to both the topology and the velocity of information transmission among heterogeneous financial agents. -- Markov chains ; agent-based finance ; herding ; N-dependence

     
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    Other identifier:
    hdl: 10419/30045
    Series: Kiel working paper ; 1595
    Subjects: Anlageverhalten; Herdenverhalten; Agentenbasierte Modellierung; Markov-Kette; Theorie
    Scope: Online-Ressource (PDF-Datei: 16 S.)
  17. Testing institutional arrangements via agent-based modeling
    a US electricity market application
    Author: Li, Hongyan; Sun, Junjie; Tesfatsion, Leigh
    Published: 2010
    Publisher:  Iowa State Univ., Dep. of Economics, Ames, Iowa

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    Series: Working papers series / Iowa State University, Department of Economics ; 10001
    Subjects: Elektrizitätswirtschaft; Elektrizitätsversorgung; Engpass; Grenzkostenpreis; Agentenbasierte Modellierung; Lernprozess; USA
    Scope: Online-Ressource (25 S.), graph. Darst., Kt.
  18. Reverse engineering financial markets with majority and minority games using genetic algorithms
    Author: Wiesinger, Judith; Sornette, Didier; Satinover, Jeffrey
    Published: 2010
    Publisher:  Swiss Finance Inst., Genève

    Using virtual stock markets with artificial interacting software investors, aka agent-based models (ABMs), we present a method to reverse engineer real-world financial time series. We model financial markets as made of a large number of interacting... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Using virtual stock markets with artificial interacting software investors, aka agent-based models (ABMs), we present a method to reverse engineer real-world financial time series. We model financial markets as made of a large number of interacting boundedly rational agents. By optimizing the similarity between the actual data and that generated by the reconstructed virtual stock market, we obtain parameters and strategies, which reveal some of the inner workings of the target stock market. We validate our approach by out-of-sample predictions of directional moves of the Nasdaq Composite Index

     
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    Series: Research paper series / Swiss Finance Institute ; 10,08
    Swiss Finance Institute Research Paper ; No. 10-08
    Subjects: Spekulation; Rationalität; Prognoseverfahren; Modellierung; Evolutionärer Algorithmus; Agentenbasierte Modellierung; Spieltheorie
    Scope: Online-Ressource (PDF-Datei: 14 S.), graph. Darst.
  19. Heterogeneous consumers, segmented asset markets, and the effects of monetary policy
    Author: Enders, Zeno
    Published: 2010
    Publisher:  Graduate School of Economics, Bonn

    This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates... more

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    This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates slowly through the economy via second-round effects and induces a non-degenerate, long-lasting heterogeneity in wealth. As a result, the effective elasticity of substitution differs across households, affecting optimal markups chosen by producers. In line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical profits and wages after monetary shocks. -- Segmented Asset Markets ; Monetary Policy ; Countercyclical Markups ; Liquidity Effect ; Limited Participation

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/38808
    Series: Bonn econ discussion papers ; 2010,08
    Subjects: Geldpolitik; Geldpolitische Transmission; Agentenbasierte Modellierung; Konsumentenverhalten; Kapitalanlage; Vermögenseffekt; Extensives Spiel; Mark-up Pricing; Inflation; Konjunktur; Theorie
    Scope: Online-Ressource (23 S.), graph. Darst.
  20. A reasoning approach to introspection and unawareness
    Author: Gossner, Olivier; Tsakas, Elias
    Published: 2010
    Publisher:  Maastricht Research School of Economics of Technology and Organizations, Maastricht

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 174 (2010,6)
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    Series: METEOR / Maastricht research school of Economics of Technology and Organizations ; 10/006
    Subjects: Rationalität; Begrenzte Rationalität; Agentenbasierte Modellierung; Theorie
    Scope: Online-Ressource (32 S., 425 KB)
  21. Equal split in the informal market for group train travel
    Author: Waichman, Israel; Korzhenevych, Artem; Requate, Tilman
    Published: 2010
    Publisher:  Kiel Inst. for the World Economy, Kiel

    In this paper we make use of a unique dataset collected in the central train station of Kiel, Germany. A group ticket is used by individual proposers who search for co-travelers to share the ride with shortly before the train departure. The... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Universitätsbibliothek Kiel, Zentralbibliothek
    Signature:
    EWP 1
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 3 (1638)
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    In this paper we make use of a unique dataset collected in the central train station of Kiel, Germany. A group ticket is used by individual proposers who search for co-travelers to share the ride with shortly before the train departure. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride and potential co-travelers usually accept or reject the deal. We observe that the prevailing price corresponds to the equal split of the ticket cost between the maximum possible number of co-travelers. This result is remarkable because the positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple agent-based model we are able to identify some sufficient conditions leading to the observed distribution of prices. Finally, we observed that the probability to accept an unusually high offer is decreasing with the price and increasing when the offer is made right before the train departure. -- Natural field experiment ; bargaining ; focal point ; equal split ; agent-based model

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/37098
    Series: Kiel working paper ; 1638
    Subjects: Eisenbahntarif; Soziale Gruppe; Schienenpersonenverkehr; Verhandlungstheorie; Ultimatumspiel; Feldforschung; Agentenbasierte Modellierung; Theorie; Deutschland
    Scope: Online-Ressource (PDF-Datei: 28 S.), graph. Darst.
  22. Efficiency and stability in complex financial markets
    Author: Caccioli, Fabio; Marsili, Matteo
    Published: 2010
    Publisher:  Kiel Inst. for the World Economy], [Kiel

    The authors study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with different private information is large enough.... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    DS 112 (2010,3)
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    The authors study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with different private information is large enough. Upon introducing non-informed agents, the authors find that the latter contribute significantly to the trading activity if and only if the market is (nearly) information efficient. This suggests that information efficiency might be a necessary condition for bubble phenomena—induced by the behavior of non-informed traders—or conversely that throwing some sands in the gears of financial markets may curb the occurrence of bubbles. -- Interacting agents models ; market efficiency ; market stability ; statistical mechanics of financial market

     
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    Format: Online
    Other identifier:
    hdl: 10419/29537
    Series: Economics / Discussion papers ; 2010-3
    Subjects: Finanzmarkt; Spekulationsblase; Effizienzmarkthypothese; Informationseffizienz; Anlageverhalten; Finanzanalyse; Agentenbasierte Modellierung; Ökonophysik; Theorie
    Scope: Online-Ressource (12 S.), graph. Darst.
  23. Credit money and macroeconomic instability in the agent-based model and simulator eurace
    Author: Cincotti, Silvano; Raberto, Marco; Teglio, Andrea
    Published: 2010
    Publisher:  Kiel Inst. for the World Economy], [Kiel

    The paper presented a study on the relationship between credit money and economic instability. The issue is of primary importance because, as it is generally stated, lower variability of output and inflation has numerous economic benefits. We address... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 112 (2010,4)
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    The paper presented a study on the relationship between credit money and economic instability. The issue is of primary importance because, as it is generally stated, lower variability of output and inflation has numerous economic benefits. We address this problem by means of an agent-based model and simulator, called Eurace, which is characterized by a complete set of interrelated markets and different types of interacting agents, modelled according to a rigorous balance-sheet approach. The dynamics of credit money is endogenous and depends on the supply of credit from the banking system, which is constrained by its equity base, and the demand of credit from firms in order to finance their production activity. Alternative dynamic paths for credit money have been produced by setting different firms' dividend policies. Results show the emergence of endogenous business cycles which are mainly due to the interplay between the real economic activity and its financing through the credit market. In particular, the amplitude of the business cycles strongly raises when the fraction of earnings paid out by firms as dividends is higher, that is when firms are more constrained to borrow credit money to fund their activity. This interesting evidence can be explained by the fact that the level of firms leverage, defined as the debt-equity ratio, can be considered ad a proxy of the likelihood of bankruptcy, an event which causes mass layoffs and supply decrease. -- Macroconomic policy design ; agent-based computational economics credit money ; economic instability

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/29630
    Series: Economics / Discussion papers ; 2010-4
    Subjects: Konjunkturtheorie; Kreditmarkt; Agentenbasierte Modellierung; Wirtschaftliche Instabilität; Theorie
    Scope: Online-Ressource (18 S.), graph. Darst.
  24. Agent-based modelling and material flow analysis in market economies
    some results of the research project AMOSS
    Author: Beckenbach, Frank; Hofmann, David
    Published: [2010]
    Publisher:  Univ., Fachbereich Wirtschaftswiss., Fachgebiet Umwelt- und Verhaltensökonomik, Kassel

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    C 263797
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    Media type: Book
    Format: Print
    Series: Papers on agent-based economics ; 11
    Subjects: Innovation; Stoffstrommanagement; Agentenbasierte Modellierung; Theorie
    Scope: 32 Bl., graph. Darst., 30 cm
    Notes:

    Literaturangaben
  25. Approximate and almost-exact aggregation in dynamic stochastic heterogeneous-agent models
    Author: Reiter, Michael
    Published: 2010
    Publisher:  IHS, Wien

    The paper presents a new method to solve DSGE models with a great number of heterogeneous agents. Using tools from systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced model... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 387 (258)
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    The paper presents a new method to solve DSGE models with a great number of heterogeneous agents. Using tools from systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced model approximates the original model with high precision. The method is illustrated with a stochastic growth model with incomplete markets similar to Krusell and Smith (1998), and with a model of heterogeneous firms with state-dependent pricing. For versions of those models that are nonlinear in individual variables, but linearized in aggregate variables, approximations with 50 to 200 state variables deliver solutions that are precise up to machine precision. The paper also shows how to reduce the state vector even further, with a very small reduction in precision. -- heterogeneous agents ; aggregation ; model reduction

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/72699
    Series: Reihe Ökonomie / Institut für Höhere Studien ; 258
    Subjects: Wirtschaftswachstum; Dynamisches Gleichgewicht; Agentenbasierte Modellierung; Systemtheorie; Kontrolltheorie; Ökonometrie; Theorie
    Scope: Online-Ressource (49 S.), graph. Darst.