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Application of a Multi-Generation Diffusion Model to Milk Container Technology

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Estimation of Heuristic Switching in Behavioral Macroeconomic Models

Kukacka, Jiri; Sacht, Stephen - 2021

This paper offers a simulation-based method for the estimation of heuristic switching in nonlinear macroeconomic models. Heuristic switching is an important feature of modeling strategy since it uses simple decision rules of boundedly rational heterogeneous agents. The simulation study shows...

Persistent link: https://www.econbiz.de/10013238343