We extend the model by DeGrauwe and Grimaldi (2006, EER) by currency transaction taxes. This model explains the exchange rate behavior by the interaction of heterogeneous traders who display either trend chasing behavior or rely on a return of the exchange rate back to its arbitrage free...

We analyze income tax evasion dynamics in a standard model of statistical mechanics, the Ising model of ferromagnetism. However, in contrast to previous research, we use an inhomogeneous multi-dimensional Ising model where the local degrees of freedom (agents) are subject to a specific social...

Often, numerical simulations for dynamic, stochastic models in economics are needed. Higher order methods can be attractive, but bear the danger of generating explosive solutions in originally stationary models. Kim-Kim-Schaumburg-Sims (2008) proposed pruning to deal with this challenge for...

Purpose: We aim at "heavy traffic direction" and "light traffic direction" in two-way waterway traffic and attempt to promote the transit capacity of two-way waterway system. Design/methodology/approach: We propose overtaking rules, head-on rules and a cellular automaton model for variable...

Abstract Objectives The main objective of this research is to demonstrate the effectiveness of non-pharmaceutical interventions (social isolation and quarantine) and of vaccination. Methods The SIR epidemiological numerical model has been revised to obtain a new model (SAIRDQ), which involves...

Abstract Objectives: Compartmental models are helpful tools to simulate and predict the spread of infectious diseases. In this work we use the SEIR model to discuss the spreading of COVID-19 pandemic for countries with the most confirmed cases up to the end of 2020, i.e. the United States,...

Abstract Objectives: Vector-borne diseases speedily infest the human population. The control techniques must be applied to such ailment and work swiftly. We proposed a compartmental model of dengue disease by incorporating the standard incidence relation between susceptible vectors and infected...

Uncertainty of returns from marketing is an extremely important factor affecting the diffusion of a wide range of genetically modified (GM) crops worldwide. Biotech companies face complicated choices in making decisions about whether to enter agricultural markets in different countries with...

This paper explores the design parameters of high-voltage coils of three-phase transformers and the effects of eddy current losses caused by energy conversion. The commercial software, ANSYS-Maxwell, was employed to conduct the simulation of electrical and magnetic fields. The design parameters...