Ablaufsimulation ist ein mächtiges Werkzeug, das aber umfangreiche Vorbereitung und kompetente Umsetzung erfordert...

In this paper we use a dynamic structural life-cycle model to analyze the employment,fiscal and welfare effects induced by unemployment insurance. The model features a detailedspecification of the tax and transfer system, including unemployment insurance benefitswhich depend on an individual's...

We calculate optimal portfolio choices for a long-horizon, risk-averse investor who diversifies amongEuropean stocks, bonds, real estate, and cash, when excess asset returns are predictable. Simulations areperformed for scenarios involving different risk aversion levels, horizons, and...

The famous game of two cars is a pursuit-evasion dynamic game. In theextended version presented here, a correct driver (evader) on a freeway detectsa wrong-way driver (pursuer in a worst case scenario), i.e., a car driving on thewrong lanes of the road or in the wrong direction. The correct...

Ziel des Projekts ist die Entwicklung eines rechnergestützten Modellierers, der es ermöglicht, mitstofflichen Bausteinen ein gegenständliches Modell eines technischen Systems aufzubauen undsynchron dazu ein strukturell und funktional repräsentatives Modell im Rechner zu erzeugen, dasdort...

In this research the focus is on emergent behaviour in large groups of stockmarket participants. In contrast to established views of the capital market, we do notassume that market participants make rational investment decisions based on fullinformation about important macroeconomic figures such...

Reproducibility of economic research has attracted considerable attention in recentyears. So far, the discussion has focused on reproducibility of empirical analyses. Thispaper addresses a further aspect of reproducibility, the reproducibility of computationalexperiments. We examine the current...