Narrow search
Showing 1 - 10 of 4,574
Cover Image
Policy Instruments for Evolution of Bounded Rationality: Application to Climate-Energy Problems
Nannen, Volker; den Bergh, Jeroen C. J. M. van - Volkswirtschaftliche Fakultät, … - 2010
We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the...
Persistent link: https://www.econbiz.de/10005616685
Cover Image
Evolutionary Analysis of Climate Policy and Renewable Energy: Heterogeneous Agents, Relative Welfare and Social Network
Nannen, Volker; den Bergh, Jeroen C. J. M. van - Volkswirtschaftliche Fakultät, … - 2008
We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the...
Persistent link: https://www.econbiz.de/10011111539
Cover Image
Heterogeneous Agent Models in Economics and Finance
Hommes, Cars H. - Tinbergen Instituut - 2005
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10011255802
Cover Image
Heterogeneous Agent Models in Economics and Finance
Hommes, Cars H. - Tinbergen Institute - 2005
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10005136868
Cover Image
Agent-Based Approach to Modeling Sectoral Evolution: Russian Coal Industry
Markov, L.S.; Markova, V.M.; Kotelkin, D.D. - In: Journal "Region: Economics and Sociology" 4 (2013)
The paper proves an urgency of applying an evolutionary approach to study how economic systems progress, and it presents the structure of the Russian steam coal facilities considered as a system of interacting agents and described by an agent-based model developed by the author. The model, in...
Persistent link: https://www.econbiz.de/10010904862
Cover Image
How Smart Should Farms Be Modeled? Behavioral Foundation of Bidding Strategies in Agent-Based Land Market Models
Kellermann, Konrad; Balmann, Alfons - International Association of Agricultural Economists - IAAE - 2006
Land markets play a crucial role in agricultural structural change. Because the dynamics of structural change and land markets, respectively, mainly depend on the interactions between individual farms, agent-based modeling (ABM) has been established as a tool for understanding and explaining...
Persistent link: https://www.econbiz.de/10005060610
Cover Image
Dynamic Testing of Wholesale Power Market Designs: An Open-Source Agent-Based Framework
Sun, Junjie; Tesfatsion, Leigh - In: Computational Economics 30 (2007) 3, pp. 291-327
Persistent link: https://www.econbiz.de/10005701659
Cover Image
Agent-based modelling of novelty creating behavior and sectoral growth effects—Linking the creative and the destructive side of innovation
Beckenbach, Frank; Daskalakis, Maria; Hofmann, David - In: Journal of Evolutionary Economics 22 (2012) 3, pp. 513-542
Persistent link: https://www.econbiz.de/10011001834
Cover Image
THE NANOLEVEL OF ECONOMIC HIERARCHY
SHULTS D.N. - In: Вестник Пермского … (2014) 3, pp. 22-28
on bounded rationality; neoinstitutionalism and ethical economics preserve the concept of rationality in the theory … the theory it entails; neoinstitutionalism broadens and deepens the neoclassical theory maintaining its core; ethical …, expansion of psychology into economics; evolutionary theory biology expansion into economics; ethical economics ethics expansion …
Persistent link: https://www.econbiz.de/10011270686
Cover Image
Evolutionary economics and household behavior
Horioka, Charles Yuji - In: Philippine Review of Economics 51 (2014) 2, pp. 67-82
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …
Persistent link: https://www.econbiz.de/10011261245