Showing 1 - 10 of 15,157
experiencing particular life events affects mobility decision-making and behaviour throughout individual lifetimes. Yet although a … growing body of longitudinal research links mobility decision-making to subsequent moving behaviour, most studies focus solely …
Persistent link: https://www.econbiz.de/10010282461
In this article we extend the agent-based model of firms' formation and growth proposed in [4]. In [4] the firms' creation, expansion or contraction results from the interaction of heterogeneous utility maximizers. While the original model was able to replicate the power law distribution in the...
Persistent link: https://www.econbiz.de/10010322258
game theory, behavioral economics, behavioral game theory, evolutionary game theory, neuroeconomics, experimental economics … and multiple equilibrium, they provide new oportunities to the theory of economics. In this study, firstly, Austrian …
Persistent link: https://www.econbiz.de/10010320502
The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...
Persistent link: https://www.econbiz.de/10010319289
This paper provides market risk calculation for an equity-based trading portfolio. Instead of relying on the purely stochastic internal model method, which banks currently apply in line with the Basel regulatory requirements, we propose to include also alternative price mechanisms from the...
Persistent link: https://www.econbiz.de/10010460520
The impact on internal migration of the recent Customs Union (CU) agreement between Turkey and the European Union (EU … 'wage curve' in the urban sector. The numerical results show that, under both specifications, the CU leads to migration from … respect to the dual economy literature. Both scenarios suggest that internal migration is economically desirable, as it would …
Persistent link: https://www.econbiz.de/10010275315
intensive investment) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic …
Persistent link: https://www.econbiz.de/10010260563
) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic integration which can …
Persistent link: https://www.econbiz.de/10010263667
migration is impossible, a utilitarian government may even transfer income from the poor to the rich, reducing the rents earned …
Persistent link: https://www.econbiz.de/10010267489
This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the … behavior of interregional migration. Our structural approach allows us to deal with dynamic self-selection problems that arise … from the endogeneity of location choice and the persistency of migration incentives. Keeping track of the distribution of …
Persistent link: https://www.econbiz.de/10010268543