Colucci, Domenico; Valori, Vincenzo - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2011
The cobweb model literature has mostly overlooked the issue of firms' financial viability and the related question of market entry and exit. This paper tries to address these problems building an agent-based computational cobweb model with borrowing constraints and endogenous participation of...