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Asset price and wealth dynamics with heterogeneous expectations : a deterministic nonlinear structural model approach

Florian Heitger - 2010

analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of … driven by the market over time. The resulting dynamics of asset price and agents’ wealth is analyzed within a chartist … financial markets and lead to the emergence of complicated dynamics of growing asset price paths. …

Persistent link: https://www.econbiz.de/10009428980

Evolutionary learning in auctions

Konrad Richter - 2005

Classical auction theory relies heavily on the assumption of perfectly rational bidders that play according to their Nash Equilibrium Strategies. An alternative model is developed in this Thesis. It develops a framework for analyzing evolutionary learning in repeated auctions - bidders'...

Persistent link: https://www.econbiz.de/10009428992

Parameter estimation of structural dynamic models using eigenvalue and eigenvector information

Allen, J.J.; Martinez, D.R. - 2008

Structural system identification methods are analytical techniques for reconciling test data with analytical models. The response data frequently used to compare a finite element model and test data are the eigenvalues of the system. However, eigenvalues alone cannot assure an adequate model....

Persistent link: https://www.econbiz.de/10009435739

The dynamics of iterated transportation simulations

Nagel, K.; Rickert, M.; Simon, P.M. - 2009

Transportation-related decisions of people often depend on what everybody else is doing. For example, decisions about mode choice, route choice, activity scheduling, etc., can depend on congestion, caused by the aggregated behavior of others. From a conceptual viewpoint, this consistency problem...

Persistent link: https://www.econbiz.de/10009436224

Experimental-based modeling of a support structure as part of a full system model

CARNE,THOMAS G.; DOHRMANN,CLARK R. - 2008

cases the desired test conditions necessitate the use of a support structural that introduces dynamics of its own. For such … paper experimental frequency response functions, admittance function modeling concepts, and least squares reductions are …

Persistent link: https://www.econbiz.de/10009436453

Continuous game dynamics: an experimental study.

Patelli, P.; Sato, Yuzuru - 2010

problem as the well studied Cournot Duopoly would be a good starting point. In economics dynamics studies the oligopoly model … dynamics framework through a random matching mechanism of the experimental subjects. From the theoretical perspective many … extended this analysis to unstable dynamics in Cournot duopoly. They used analytical and numerical tools to study the relevance …

Persistent link: https://www.econbiz.de/10009436918

Scientific analysis is essential to assess biofuel policy effects: in response to the paper by Kim and Dale on "Indirect land use change for biofuels: Testing predictions and impro...

Kline, Keith L; Oladosu, Gbadebo A; Dale, Virginia H; … - 2011

market dynamics simulated in these models include processes that are important in estimating effects of biofuel policies, the …

Persistent link: https://www.econbiz.de/10009437417

Modeling the dynamics of network technology adoption and the role of converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch; Hosanagar, Kartik - 2009

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent's installed base, users' adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009438975

Modeling the Dynamics of Network Technology Adoption and the Role of Converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch A.; Hosanagar, … - 2010

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent’s installed base, users’ adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009439203

Optimal Portfolio Liquidation with Distress Risk

Brown, David - 2010

We analyze the problem of an investor who needs to unwind a portfolio in the face of recurring and uncertain liquidity needs, with a model that accounts for both permanent and temporary price impact of trading. We first show that a risk-neutral investor who myopically deleverages his position to...

Persistent link: https://www.econbiz.de/10009475400