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Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables,...
Persistent link: https://www.econbiz.de/10005464547
The author developed a simple computer program for the in-class simulation of the repeated prisoner’s dilemma game with student-designed strategies. He describes the basic features of the software and presents two examples for the use of the program in teaching the problems of cooperation...
Persistent link: https://www.econbiz.de/10005600619