This dissertation focuses on the effects of public intervention on the future-orientation of an economy by implementing an agent-based model designed to provide insight on certain causalities between the public sector and the innovativeness of an economy which can be inferred following the...

Chapter 1 is joint work with Günter Franke, University of Konstanz, and Markus Herrmann, HSBC London, and addresses the question how collateralized debt obligation (CDO-) transactions are designed. An important issue is the information asymmetry about the quality of securitized debt between...

Litchi is an important crop in the mountainous part of northern Thailand yet its profitability has declined during the last 15 years. The replacement of litchi fruit orchards for seasonal flowers and vegetables has external costs related to increased levels of soil erosion, pesticides, and...

Post-Cold War military conflicts have highlighted the need for a flexible, agile joint force responsive to emerging crises around the globe. The 2005 Joint Capabilities Integration and Development System (JCIDS) acquisition policy document mandates a shift away from stove-piped threat-based...

This dissertation presents a prototype model and methodology for validating a simpleagent-based model against the basic Hotelling monopoly model and a few basic extensions.Hotelling's Rule identi es the expected behavior of a market for a nonrenewable resource.The statement is simple - marginal...

The current study presents the NormSim Agent-Based Model in MASON. NormSimconducts a computational analysis of the International Relations theory of constructivism.NormSim explores the metastable dynamics of norms through the interactions ofheterogeneous agents embedded within a complex social...

The purpose of this project is to examine the benefits of basing economic analysisof accident law on the notion that individuals form a spontaneous order as they respondto the institution of tort law, each other, and their environment. Furthermore, I examinethe efficacy of agent-based modeling...

This thesis develops an equilibrium framework for strategic exercise of geographical market entry option. The theoretical model analyses the impact of asymmetries of the competing firms such as follower entry barrier and asymmetric profitability on the optimal market entry timing and firm...

A person learns by trial and error if he occasionally tries out new strategies, rejecting choices that are “erroneous” in the sense that they do not lead to higher payoffs. In a game, however, strategies can become erroneous due to a change of behavior by someone else. Such passive errors...