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Reproducing the socio-spatial structure of cities is one of the challenges facing the standard urban economics model of Alonso, Muth, Mills (AMM model). In a widely cited paper, Jan K. Brueckner, Jacques-François Thisse and Yves Zenou (1999) asked "Why is central Paris rich and downtown Detroit...
Persistent link: https://www.econbiz.de/10012491261
The paper presents a pilot version of spatial agent-based model simulating the national economy of Russia. The model is supposed to be used for evaluation the effects of industrial and spatial policies. The object of modeling is multi-regional economic space of Russia in its interaction with...
Persistent link: https://www.econbiz.de/10011480845
The paper describes a spatial economic agent-based model (ABM), consistent with the principles of new economic geography (NEG), which allows the discrete-time evolutionary simulation of complex interactions of household and firm location choices. In contrast with the current ABM approaches, it...
Persistent link: https://www.econbiz.de/10012198579
polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the …-variety model with intermediate goods, and which is frequently used in endogenous growth theory. Even if there are stochastic …
Persistent link: https://www.econbiz.de/10012287662
Our very simple two agent New Keynesian model is highly stylised. It consists of an entrepreneur, who owns the economies' firms, consumes and saves, but does not work (or does not receive wage income), while the worker consumes and works, but cannot save. The allocation of the ability to save...
Persistent link: https://www.econbiz.de/10012317372
Persistent link: https://www.econbiz.de/10012195550
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
Over the recent decades, wide-spread automation has led to a shift of the US labor force from occupations intensive in routine tasks into occupations intensive in manual and abstract tasks. I integrate routine-biased technological change into an incomplete markets model with occupation-specific...
Persistent link: https://www.econbiz.de/10013332250
Persistent link: https://www.econbiz.de/10012012047
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