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C^3 Modelling With Symmetrical Rationality
Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 1980
level of rationality they attribute to themselves. Using a simple but interesting C^3 (command, control, and communication …
Persistent link: https://www.econbiz.de/10004997740
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Competition Issues in the Seed Industry and the Role of Intellectual Property
Moschini, GianCarlo - Department of Economics, Iowa State University - 2010
Research and Development (R&D) and innovation are crucial features of the seed industry. To support large R&D investments by the private sector, strong intellectual property rights, such as patents, are necessary. The exclusivity granted by patents naturally creates market power positions and...
Persistent link: https://www.econbiz.de/10008500037
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Agent-Based Modeling: The Right Mathematics for the Social Sciences?
Borrill, Paul L.; Tesfatsion, Leigh - Department of Economics, Iowa State University - 2010
science researchers are discussed along with the culture-dish nature of their computer experiments. The applicability of ABM …
Persistent link: https://www.econbiz.de/10008460848
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"A Nash Approach to Planning Merchant Transmission for Renewable Resource Integration"
Zhou, Qun; Tesfatsion, Leigh; Liu, Chen-Ching; Chu, Ron F. - Department of Economics, Iowa State University - 2013
investment for RE integration. Built on Nash bargaining theory, the methodology models a negotiation between an RE generation …
Persistent link: https://www.econbiz.de/10010691279
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Macroeconomies as Constructively Rational Games
Sinitskaya, Ekaterina; Tesfatsion, Leigh - Department of Economics, Iowa State University - 2014
reinforcement learning to sophisticated adaptive dynamic programming algorithms.  We then use computational experiments to explore …
Persistent link: https://www.econbiz.de/10011070803
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Development of Open Source Software for Power Market Research: The AMES Test Bed
Li, Hongyan; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2009
Open Source Software (OSS) expresses the idea that developers should be able to license the publication of their software in a manner permitting anyone to freely use, modify, and distribute the software. Today OSS is widely used in the software industry, such as for language development tools...
Persistent link: https://www.econbiz.de/10004969753
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Capacity Withholding in Restructured Wholesale Power Markets: An Agent-Based Test Bed Study
Li, Hongyan; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2009
algorithm motivated by human-subject laboratory experiments. The learning GenCos attempt to improve their earnings over time by …
Persistent link: https://www.econbiz.de/10004969756
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The AMES Wholesale Power Market Test Bed: A Computational Laboratory for Research, Teaching, and Training
Li, Hongyan; Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 2009
Wholesale power markets around the world are currently undergoing a controversial restructuring of their architecture and rules of operation. Some commentators have argued that restructuring has not produced the intended improvements in market efficiency while at the same time it has complicated...
Persistent link: https://www.econbiz.de/10004969758
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How Economists Can Get Alife
Tesfatsion, Leigh - Department of Economics, Iowa State University - 1997
Abstract not available
Persistent link: https://www.econbiz.de/10008500477
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An Agent-Based Computational Model for the Evolution of Trade Networks
McFadzean, David; Tesfatsion, Leigh - Department of Economics, Iowa State University - 1997
Abstract not available
Persistent link: https://www.econbiz.de/10008500479