Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol25.Issue6-7.May2001:
Teks penuh
Gambar
Dokumen terkait
This paper discusses parametric reform options to control losses generated by a public- ly managed pay-as-you-go (PAYG) pension system under alternative de " cit reduction
[r]
In both the human subject experiment and in the arti " cial agent environment the answer is the same: some type 1 players are strict funda- mentalists, never experimenting with
Keywords: Agent-based computational economics; Social learning; Genetic program- ming; Business school; Arti " cial stock markets.. Background
Similarly, a single agent who does not make use of the restart strategy while everybody else does will experience larger waiting times and larger variance, on average, than he
The result states that, in the case of a quadratic cost function (or equivalently linear supply), for generic non-linear, decreasing demand curves (and therefore for generic
As shown in Section 4.3 the existence of increasing returns is necessary for the emergence of local endogenous # uctuations, either determinis- tic or stochastic; whereas the
To focus on the principal-agent problem, our model abstracts from cost of adjustment and depreciation introducing the utility function of corporate managers instead, assumes
