Exit and Entry, Increasing Returns to Specialization, and Business Cycles

Exit and Entry, Increasing Returns to Specialization, and Business Cycles PDF Author: Michael B. Devereux
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN:
Category :
Languages : en
Pages : 35

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Exit and Entry, Increasing Returns to Specialization, and Business Cycles

Exit and Entry, Increasing Returns to Specialization, and Business Cycles PDF Author: Michael B. Devereux
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN:
Category :
Languages : en
Pages : 35

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Book Description


Exit and Entry, Increasing Returns to Specialization and Business Cycles

Exit and Entry, Increasing Returns to Specialization and Business Cycles PDF Author: Michael B. Devereux
Publisher:
ISBN:
Category :
Languages : en
Pages : 35

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Book Description


Product Innovation and the Business Cycle

Product Innovation and the Business Cycle PDF Author: Boyan Jovanovic
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 50

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The Canadian Journal of Economics

The Canadian Journal of Economics PDF Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 1370

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Book Description
A general interest journal in economics.

The Oxford Handbook of Computational Economics and Finance

The Oxford Handbook of Computational Economics and Finance PDF Author: Shu-Heng Chen
Publisher: Oxford University Press
ISBN: 0199844380
Category : Business & Economics
Languages : en
Pages : 785

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Book Description
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Annales d'économie et de statistique

Annales d'économie et de statistique PDF Author:
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 576

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ECONOMICS LETTERS

ECONOMICS LETTERS PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 950

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A Computational Model of Industry Dynamics

A Computational Model of Industry Dynamics PDF Author: Myong-Hun Chang
Publisher: Routledge
ISBN: 1134582773
Category : Business & Economics
Languages : en
Pages : 159

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Book Description
The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed. This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. While the firms in the model are assumed to have bounded rationality, they are nevertheless adaptive in the sense that their experience-based R&D efforts allow them to search for improved technologies. Given a technological environment subject to persistent and unexpected external shocks, the computationally generated industry remains in a perennial state of flux. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves over time along the steady state in which the measured behaviour of the firms and the industry stochastically fluctuate around steady means. The computational model developed in this book is able to replicate many of the stylized facts from the empirical industrial organization literature, particularly as the facts pertain to the dynamics of firm entry and exit. Furthermore, the model allows examination of cross-industry variations in entry and exit patterns by systematically varying the characteristics of the market and the technological environment within which the computationally generated industry evolves. The model demonstrates that the computational approach based on boundedly rational agents in a dynamic setting can be useful and effective in carrying out both positive and normative economic analysis.

Diffusion Lags and Aggregate Fluctuations

Diffusion Lags and Aggregate Fluctuations PDF Author: Boyan Jovanovic
Publisher:
ISBN:
Category : Diffusion of innovations
Languages : en
Pages : 42

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The American Economic Review

The American Economic Review PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1184

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Book Description
Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association.