Using virtual stock markets with artificial interacting software investors, aka agent-based models (ABMs), we present a method to reverse engineer real-world financial time series. We model financial markets as made of a large number of interacting boundedly rational agents. By optimizing the...

The paper is Presidential Address to the North Eastern Economic Association 11th Annual Conference held at the Indian Institute of Technology, Guwahati, India on 18 December 2009. It is an attempt to articulate the conflict situation in the North Eastern Region of India within the framework of...

The traditional theoretical view of minimum wage laws is that, because labor markets are competitive, the laws hurt employment while delivering little benefit to workers as a group. Empirical research has generally supported this view, finding that minimum wage increases are followed by...

As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill signals on pairs of resumes of fictitious applicants among...

As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill signals on pairs of resumes of fictitious applicants among...

The paper aims to investigate the labour market participation of couples in Brazil in 2013. The observed endogenous variables portraying participation are assumed to be the outcome of a static discrete game between the partners. Different solution concepts are considered (Nash, Stackelberg and...

The paper aims to investigate the labour market participation of couples in Brazil in 2013. The observed endogenous variables portraying participation are assumed to be the outcome of a static discrete game between the partners. Different solution concepts are considered (Nash, Stackelberg and...

In this article, we consider a solution to the problem of fair distribution of ice cream. This task is a canonical problem discussed in the theory of cooperative games. Although the above-described problem is well known, we propose the simplest approach to its solution. We also compare the...