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Expectations structure in asset pricing experiments
Bottazzi, Giulio (contributor);  … - 2003 - [Elektronische Ressource]
Notwithstanding the recognized importance of traders' expectations in characterizing the observed market dynamics, for … the emergence and coordination of expectations in a pure exchange framework. We largely base our study on previous … heterogeneity of predictions. -- experimental economics ; expectations ; coordination ; asset pricing …
Persistent link: https://www.econbiz.de/10002133504
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Wealth-driven competition in a speculative financial market : examples with maximizing agents
Anufriev, Mikhail (contributor) - 2005
This paper demonstrates how both quantitative and qualitative results of general, analytically tractable asset-pricing model in which heterogeneous agents behave consistently with a constant relative risk aversion assumption can be applied to the particular case of "linear" investment choices....
Persistent link: https://www.econbiz.de/10003320749
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Asset pricing model with heterogeneous investment horizons
Anufriev, Mikhail (contributor);  … - 2004
In this paper we study the dynamics of a simple asset pricing model describing the trading activity of heterogeneous agents in a "stylized" market. The economy in the model contains two assets: a bond with risk-less return and a dividend paying stock. The price of the stock is determined through...
Persistent link: https://www.econbiz.de/10003211715
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An evolutionary model of international competition and growth
Castaldi, Carolina (contributor) - 2002 - [Elektronische Ressource]
The paper attempts to interpret a few stylized facts of international economic growth by means of an open economy evolutionary model. The idea is that growth models that incorporate a richer representation of the properties and effects of technological change can give a better explanation of the...
Persistent link: https://www.econbiz.de/10001907231
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Toward an evolutionary theory of production
Winter, Sidney G. (contributor) - 2002 - [Elektronische Ressource]
Production theory in the neoclassical tradition is strong on Abstract generality. Its high level of Abstraction tends to impede understanding of technological change, partly because its perspective on production differs so much from those of engineers, managers and technologists. A more grounded...
Persistent link: https://www.econbiz.de/10002132935
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The grip of history and the scope for novelty : some results and open questions on path dependence in economic processes
Castaldi, Carolina (contributor); Dosi, Giovanni (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002132996
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Learning in evolutionary environments
Dosi, Giovanni (contributor); Marengo, Luigi (contributor);  … - 2003 - [Elektronische Ressource]
display various forms of "bounded rationality"; b) there is a persistent appearance of novelties, both as exogenous shocks and … wide and largely unexplored research agenda. -- Learning ; Evolutionary Environments ; Economic Theory ; Rationality …
Persistent link: https://www.econbiz.de/10002133492
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A baseline model of industry evolution
Winter, Sidney G. (contributor);  … - 2003 - [Elektronische Ressource]
The paper analyses the properties and outcomes of competitive dynamics in industries characterized by heterogeneous firms and continuing stochastic entry. A formal analytical apparatus is developed, able to derive some generic properties of the underlying competition process combining persistent...
Persistent link: https://www.econbiz.de/10002133681
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Physical and social technologies, and their evolution
Nelson, Richard (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002133814
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Mapping evolutionary economics in Europe
Verspagen, Bart (contributor); Werker, Claudia (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002133832