Building on previous works on business fluctuations, we model the propagation of financial distress in a network of regions, each populated by heterogeneous interacting firms and banks. In order to diversify risk, firm sell goods outside their own region and borrow from banks located there....

In this paper, we introduce an agent-based model where heterogeneous firms compare and modify their innovation strategies, so generating an evolving network structure. By implementing dynamic behavioral switching via a fitness mechanism based on agents’ performance, companies can endogenously...

In this article, we study innovation processes and technological change in an agent-based model. By including a behavioral switching among heterogeneous innovative firms, the model is able to replicate, via simulations, well-known industrial dynamic and growth type stylized facts. The main...

In this paper we introduce an agent-based model with heterogeneous firms which compare their mutual innovation strategies on different network structures. By implementing a dynamic behavioral switching via a fitness mechanism based on agents performance, companies can endogenously modify their...

Building on previous works on business fluctuations, we model the propagation of financial distress in a network of regions, each populated by heterogeneous interacting firms and banks. In order to diversify risk, firm sell goods outside their own region and borrow from banks located there....

Building on previous works on business fluctuations, we model the propagation of financial distress in a network of regions, each populated by heterogeneous inter- acting firms and banks. In order to diversify risk, firm sell goods outside their own region and borrow from banks located there....