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order to improve the water environment. We constructed environmental model and social economic model by computer simulation …
Persistent link: https://www.econbiz.de/10011332789
In this paper, a model of bounded rational investors investing their portfolio in a passive investment vehicle (e ….g., an Exchange Traded Fund replicating a broad index) or an actively managed fund is presented. The model proposes that the …
Persistent link: https://www.econbiz.de/10010323727
This paper presents a Heterogeneous Agent Model of a financial market with chartist and fundamentalist traders that …
Persistent link: https://www.econbiz.de/10010323743
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the …
Persistent link: https://www.econbiz.de/10010329089
. Key points of a sustainable welfare model in ten theses are formulated. Such a model should illustrate the environmental …
Persistent link: https://www.econbiz.de/10010334401
neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many …
Persistent link: https://www.econbiz.de/10011592228
Persistent link: https://www.econbiz.de/10011817511
We develop a stock-and-flow-consistent model for South Africa with four financial instruments and detailed balance …-founded, the model departs significantly from current dynamic stochastic general equilibrium models as it assumes bounded … and the real sector/financial sector interaction. In the model, cyclical flow changes affect the long-term real and …
Persistent link: https://www.econbiz.de/10011943814
A popular view of models among economists and philosophers alike is that all models are false, but some are useful. Models are frequently treated as convenient fictions, idealizations, stories about credible worlds, or "near enough" to the truth. But such a understandings pose serious questions,...
Persistent link: https://www.econbiz.de/10011951718
A novel procedure is described for accelerating the convergence of Markov chain Monte Carlo computations. The algorithm uses an adaptive bootstrap technique to generate candidate steps in the Markov Chain. It is efficient for symmetric, convex probability distributions, similar to multivariate...
Persistent link: https://www.econbiz.de/10009441534