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Industrial Districts (IDs) are complex productive systems based on an evolutionary network of heterogeneous, functionally integrated and complementary firms, which are within the same market and geographical space. Setting up a prototype, able to reproduce an idealised ID, we model cognitive...
Persistent link: https://www.econbiz.de/10005518586
This paper investigates the relevance of reputation to improve the explorative capabilities of agents in uncertain environments. We have presented a laboratory experiment where sixty-four subjects were asked to take iterated economic investment decisions. An agent-based model based on their...
Persistent link: https://www.econbiz.de/10008520795