Abstract In this paper we use a modified neoclassical business cycle model to test two competing explanations of the expansion of the 1990s. The model can have indeterminate, multiple equilibria that give rise to expectation-driven business cycles. We fit into the model series of estimated...

Recently, it has been claimed that full-information multiple equilibria in games with strategic complementarities are not robust, because generalizing to allow slightly heterogeneous information implies uniqueness. This paper argues that this "global games" uniqueness result is itself not...

Social science research is concerned with the study of processes and phenomena in human societies, institutions and organizations. Social phenomena are complex due to many non-linear interactions between their elements. Social simulation represents a new paradigm for understanding social...

Social media has been widely adopted as a useful business tool, especially in the domain of business to consumer marketing. However, the deployment of social media tools to business processes is hindered by the lack of concrete indicators of the effects its use has on the business process....

Purpose Resource allocation is essential to infrastructure management. The purpose of this study is to develop a methodological framework for resource allocation that takes interdependencies among infrastructure systems into consideration to minimize the overall impact of infrastructure network...

Purpose This paper aims to review the validation of assumptions made in agent-based modeling of diffusion and the sufficiency (completeness) of the mechanisms assumed to operate. Design/methodology/approach One well-cited paper is examined. Findings Evidence is presented that casts doubt on the...