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We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the...
Persistent link: https://www.econbiz.de/10005616685
We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the...
Persistent link: https://www.econbiz.de/10011111539
In this paper, I develop a hybrid model that contains elements of both agent based simulations (ABS) as well as analytic Cournot models, to study the effects of firm characteristics, market characteristics, and innovation on market concentration, as measured by a Herfindahl-Hirschman Index...
Persistent link: https://www.econbiz.de/10005029696
switching between these pension schemes and we then perform an agent-based simulation taking into account all the details of the …
Persistent link: https://www.econbiz.de/10008683285
A share price in a stock market can be thought of as arising out of an aggregation procedure. The price of a stock aggregates many individual beliefs into a collective one, the collective will of the market, so to speak. How does this aggregation come about? And is this aggregation fair in the...
Persistent link: https://www.econbiz.de/10005789218
This paper uses a fully nonparametric approach to estimate efficiency measures for primary care units incorporating the effect of (exogenous) environmental factors. This methodology allows us to account for different types of variables (continuous and discrete) describing the main...
Persistent link: https://www.econbiz.de/10011114105
Smoking is a leading cause for diseases and death. Information on factors affecting the smoking status is useful for … policies on smoking reduction, especially in developing countries. This paper examines to what extent individuals …’ characteristics can affect the smoking status using a household survey in Vietnam. It is found that gender and age are the most …
Persistent link: https://www.econbiz.de/10009647446
Prenatal exposure to smoking and alcohol-use is found to be correlated with various adverse consequences for children … are used to minimize bias from confounding factors. Our results suggest that the relationship between prenatal smoking and …
Persistent link: https://www.econbiz.de/10008490101
Standards perform some fundamental economic functions and their relevance for ICT is acknowledged by firms, researchers and policy-makers. This paper investigates the driving forces of formal ICT standards setting (i.e. standardization). Previous quantitative studies have neglected that ICT...
Persistent link: https://www.econbiz.de/10011272689
We conducted a multi-wave field experiment to study the interaction of peer effects and self-control among undergraduate students. We use a behavioral measure of self-control based on whether students achieve study related goals they have set for themselves. We find that both self-control and...
Persistent link: https://www.econbiz.de/10011259285