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We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...
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This textbook connects three vibrant areas at the interface between economics and computer science: algorithmic game theory, computational social choice, and fair division. It thus offers an interdisciplinary treatment of collective decision making from an economic and computational perspective....
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1: Introduction -- 2: Intuitions about Welfare – Under the Constraint of Computability -- 3: Sraffa, Keynes and a New Paradigm -- 4: On the Meaning Maximization Doctrine: An Alternative to the Utilitarian Doctrine -- 5: A Generalization of Sraffa’s Notion of “Viability” in a ‘Land...
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