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We embed a competitive search model with labor market discrimination, or nepotism, into a two-sector, two-country framework in order to analyze how labor market discrimination impacts the pattern of international trade and also how trade trade affects discrimination. Discrimination, or nepotism,...
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This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
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foundations for a theory of numerical solutions for MEDPs and stationary Markov equilibrium (SME). One interesting additional …
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This article presents an agent-based modelof Prato, an Italian textile district where thousands ofsma1l firms specialise into tiny phases of the whole production process. It is an empirical model atscale 1: 1 that reconstructs the information flows between economic actors and connects them...
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Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups 'such as segregation, isolation or concentration indexes' are often only capable of identifying just one aspect of this distribution. The...
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