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Using a simple computational model, we study consequences of herding behavior in population of agents connected in networks with different topologies: random networks, small-world networks and scale-free networks. Agents sequentially choose between two technologies using very simple rules based...
Persistent link: https://www.econbiz.de/10010322328
understanding of the mechanisms that influence team effectiveness in software development, an ecological framework is selected. The … purpose of this study is to explore the relationship between personality traits, work factors and team effectiveness within … development companies operating in Lithuania. Forty-five software development teams (N = 142) filled in the Team task performance …
Persistent link: https://www.econbiz.de/10012703659
This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...
Persistent link: https://www.econbiz.de/10010297442
on aggregate production functions. With the help of a micro- (firm-)based macro simulation model it is shown if there are …
Persistent link: https://www.econbiz.de/10010334744
This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of Bulgaria for the period 2004-2013. As predicted by theory, a positive relationship between TFP and FDI is documented. The standard Ramsey (optimal) growth model, augmented with the...
Persistent link: https://www.econbiz.de/10011690524
This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...
Persistent link: https://www.econbiz.de/10010312277
This paper studies the cost effectiveness of climate policy if there are technology externalities. For this purpose, we develop a forward-looking CGE model that captures empirical links between CO2 emissions associated with energy use, directed technical change and the economy. We find the...
Persistent link: https://www.econbiz.de/10010312362
This paper analyzes the patenting decision of a successful inventor in a model of dynamic technology adoption with …
Persistent link: https://www.econbiz.de/10010301782
In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
Persistent link: https://www.econbiz.de/10010274056
One of the most recently observed stylised facts in the field of economic growth is the persistent bimodal shape of the world income distribution.. Of course, some theoretical explanations for this new stylised fact already have been provided by neoclassical growth theory within a maximising...
Persistent link: https://www.econbiz.de/10010291715