This study investigates the citation patterns of theoretical and empirical papers over a period of almost 30 years, while also exploring the determinants of citation success. The results indicate that empirical papers attract more citation success than theoretical studies. However, the pattern...

This study investigates the citation patterns of theoretical and empirical papers over a period of almost 30 years, while also exploring the determinants of citation success. The results indicate that empirical papers attract more citation success than theoretical studies. However, the pattern...

The primary objective of this paper is to compare a variety of joint models of the term structure of interest rates and the macroeconomy. To this end, we consider six alternative approaches. Three of these models follow from the work of Diebold and Li (2003) with a generalization in Bolder...

A dynamic microeconomic model is presented that establishes the price and unit sales evolution of heterogeneous goods consisting of successive homogenous product generations. It suggests that for a fast growing supply the mean price of the generations are governed by a logistic decline towards a...

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...

We use quantifiers and selection functions to generalize the classical economic approach to choice. Our framework encompasses preference and utility based approaches as special cases, but also extends to non-maximizing behavior and context-dependent motives such as social concerns. We adapt the...

The integration of fuzzy logic systems and neural networks in data driven nonlinear modeling applications has generally been limited to functions based upon the multiplicative fuzzy implication rule for theoretical and computational reasons. We derive a universal approximation result for the...

We analyze the properties of multiperiod forecasts which are formulated by a number of companies for a fixed horizon ahead which moves each month one period closer and are collected and diffused each month by some polling agency. Some descriptive evidence and a formal model suggest that knowing...

This paper draws attention to two important characteristics of knowledge which so far have been left unexplored, and proposes a new method to capture them in economic modeling with the help of vectors. The direction of the vector represents the knowledge's complementarity with other knowledge...

This paper builds a model in which clustering emerges as the equilibrium outcome driven by informational imperfections and the importance of knowledge and uncertainty in innovative production even when knowledge is fully exclusive and appropriable. This motive for clustering will be stronger the...