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this timely volume include the foundations of computable economics, classics of computable choice theory, computable … macroeconomics and computable and social choice theory. The book is enhanced with a comprehensive introduction by the editors and …-152. -- Clower, Robert W. and Peter W. Howitt (1978), The Transaction Theory of the Demand for Money: A Reconsideration, Journal of …
Persistent link: https://www.econbiz.de/10011852210
This survey discusses behavioral and experimental macroeconomics emphasizing a complex systems perspective. The economy consists of boundedly rational heterogeneous agents who do not fully understand their complex environment and use simple decision heuristics. Central to our survey is the...
Persistent link: https://www.econbiz.de/10011929804
This chapter analyzes the implications of efficient wage–employment bargaining in a closed monetary macroeconomic model of the AS-AD type with a government sector and fiat money. The consumption sector is made up of heterogeneous consumers - shareholders and workers - with endogenous labor...
Persistent link: https://www.econbiz.de/10012138307
Persistent link: https://www.econbiz.de/10012149348
Persistent link: https://www.econbiz.de/10010439652
This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in general equilibrium macroeconomic models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the...
Persistent link: https://www.econbiz.de/10014076795
This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple...
Persistent link: https://www.econbiz.de/10014080812
learn the basic mechanisms associated with the intertemporal approach, on the one hand, and game theory, i.e., the strategic …
Persistent link: https://www.econbiz.de/10013349723
This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple...
Persistent link: https://www.econbiz.de/10013277145
with the game theory of Proof-of-Work as rent-seeking contest and a lively account of the different ways of trust that … applied game theory and political economy (critical explorations in the theory of the current democracy, between populism and … new rights) and has contributed original papers in portfolio theory (with spin glasses applications) and Hicksian …
Persistent link: https://www.econbiz.de/10014426436