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Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).
Persistent link: https://www.econbiz.de/10014024384
Economies are complicated systems encompassing micro behaviors, interaction patterns, and global regularities. Whether partial or general in scope, studies of economic systems must consider how to handle difficult real-world aspects such as asymmetric information, imperfect competition,...
Persistent link: https://www.econbiz.de/10014024389
The definition of emergence remains problematic, particularly for systems with purposeful human interactions. This study explores the practical import of this concept within a specific market context: namely, a double-auction market for wholesale electric power that operates over a transmission...
Persistent link: https://www.econbiz.de/10010573024
, including education, health care and housing. This incremental spending will need to be carried out in a cost-efficient manner … education, where secondary and tertiary educational attainment remain low, despite a significant increase over the years, and … dans le domaine des soins de santé, de l'éducation et du logement au Chili<BR>Les autorités prévoient d’augmenter les …
Persistent link: https://www.econbiz.de/10005046213
responsive, high quality, vocational and higher education systems is indispensable to long-term growth. Raising the completion …
Persistent link: https://www.econbiz.de/10011276866
enhance product-market competition, improve innovation efforts and ameliorate the quality of education, which are key to …
Persistent link: https://www.econbiz.de/10009364450
Regulations of product markets serve legitimate objectives but, when ill-designed, can impose unnecessary restrictions on competition, and therefore on business dynamism, productivity and ultimately well-being. A recent update of the OECD’s Product Market Regulation indicator for Costa Rica...
Persistent link: https://www.econbiz.de/10012304414
This paper presents the latest edition of the OECD indicators of product market regulation (PMR), which measure regulatory stance in 35 OECD and 11 non-OECD countries. This update is based on a new methodology, which has been implemented to ensure that the PMR indicators maintain their relevance...
Persistent link: https://www.econbiz.de/10012203338
A competition-friendly business regulatory environment is essential for the well-functioning of markets. It ensures that important policy goals are addressed, and market failures tackled. However, regulation can also create barriers to the entry and expansion of firms that may limit and distort...
Persistent link: https://www.econbiz.de/10014435849
Appropriately designed and implemented regulations are powerful tools for enhancing economic performance. A strong and sound regulatory framework can mitigate threats to health, safety, and the environment and address market imperfections. However, regulation can also create barriers to the...
Persistent link: https://www.econbiz.de/10013523698