According to game theory, dominant strategy of Prisoner’s Dilemma game is defecting. Since online trading between two strangers falls in the realm of a Prisoner’s Dilemma, failure should be the only logical conclusion of such electronic commerce situation. Traders are less likely to...

This dissertation examines the utility of adaptive agent modeling (also referred to as agent-based modeling or individual based modeling) as a tool in public policy research. It uses the adaptive agent technique to produce useful results in three diverse areas. It demonstrates that the adaptive...

Simulation model is one of the methods commonly used in Operational Research in order to represent the real situation that occurs in a system as well as to test the scenario based on different behavior. In this paper we discuss about three different models used in simulation: system dynamic,...

Simulation model is one of the methods commonly used in Operational Research in order to represent the real situation that occurs in a system as well as to test the scenario based on different behavior. In this paper we discuss about three different models used in simulation: system dynamic,...

In this dissertation, I further explore the role of the entrepreneurial sector in creating frictions in the economy. I examine the combined effect of private information and entrepreneurial risk aversion on the dynamics of a general equilibrium macroeconomic model. I analyze the impact of these...

Zusammenfassung: Diese Arbeit liefert eine institutionenökonomische Sicht auf den chinesischen Bankensektor des Jahres 2005. Im theoretischen Teil werden etablierte makroprudentielle Indikatoren zur Prüfung der Bankenstabilität in einen Rahmen aus informellen und formalen marktregulierenden...

Aging populations have altered saving and investment patterns in many developed and emerging market economies. The structural changes that have occurred have important implications for financial stability and for the conduct of monetary policy. As assets and borrowing shifted from banks to...

While there is an agreement that the Fordist accumulation regime has come to an end in the course of the 1970s, there is no agreement on how to characterize the post-Fordist regime (or if a such is already in place). The paper seeks put together various arguments related to financialization (in...

En este artículo se muestra una aplicación de la minería de textos para extraer información de documentos financieros y usar esta información para crear índices de sentimiento. En particular, el análisis se centra en los diferentes números del Informe de Estabilidad Financiera (IEF) del...

Este estudio une los desarrollos recientes sobre la metodología de crecimiento en riesgo con la literatura sobre evaluaciones de impacto de la política macroprudencial. Para ello, extiendo el uso de regresiones cuantílicas del crecimiento del PIB con el objetivo de incluir variables...