Showing 1 - 10 of 27,914
In this paper, an agent-based search model of the labor market with heterogeneous agents and an on-the-job search is developed, i.e. the long-term unemployed and other job seekers compete for vacancies which differ in skills demands and in the sector of the economy. Job placement agencies help...
Persistent link: https://www.econbiz.de/10011486294
In this paper, an agent-based search and matching (ABSAM) model of a local labor market with heterogeneous agents and an on-the-job search is developed, i.e. job seekers who vary in unemployment duration, skills levels and preferences compete for vacancies which differ for skills demands and the...
Persistent link: https://www.econbiz.de/10011557520
We study an agent-based stock market model with heterogeneous agents and friction. Our model is based on that of Foellmer-Schweizer(1993): The process of a stock price in a discrete-time framework is determined by temporary equilibria via agents' excess demand functions, and the diffusion...
Persistent link: https://www.econbiz.de/10013087756
In the first part of the paper, the field of Agent-Based Modelling (ABM) is discussed focusing on the role of generative theories, aiming at explaining phenomena by growing them. After a brief analysis of the major strengths of the field some crucial weaknesses are analysed. In particular, the...
Persistent link: https://www.econbiz.de/10013067749
We set up an agent-based macromodel focusing on consumption-saving without the assumption of utility maximization, but preserving certain "rational" aspects of human choice based on the idea of ecological rationality Todd et al. (2012). In this framework we address the classical problem of the...
Persistent link: https://www.econbiz.de/10011584835
In this paper, we examine an agent-based model and an equation-based model in the form of a mean field model. We show how the mean field model is a small, fast model that identifies the high level properties of a subject, in this case financial time series’ stylized facts. The agent based...
Persistent link: https://www.econbiz.de/10014200972
This article presents an agent-based model of an Italian textile district where thousands of small firms specialize in particular phases of fabrics production. It reconstructs the web of communication between firms as they arrange production chains. In turn, production chains result in road...
Persistent link: https://www.econbiz.de/10014044729
This paper develops an agent-based model to examine the emergent dynamic characteristics of fraud in organizations. In the model, individual heterogeneous agents, each of whom can have motive and opportunity to commit fraud and a pro-fraud attitude, interact with each other. This interaction...
Persistent link: https://www.econbiz.de/10013097293
Persistent link: https://www.econbiz.de/10010247420
simulation model to implement CE strategies in any small and medium-sized enterprise SME to prove policies before implementing … the simulation model during the development phase. The circular economy indicator prototype (CEIP) was used as a circular … proposing a methodology for designing a simulation model to implement CE strategies in any industry. Thus, this study implements …
Persistent link: https://www.econbiz.de/10012815023