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Adaptive Model-Predictive Climate Policies in a Multicountry Setting  

Thierry Bréchet, Carmen Camacho, and Vladimir M. Veliov

This chapter extends the use of integrated assessment models (IAMs) by defining rational policies based on predictive control and adaptive behavior. After a review of the main IAMs, the ... More

Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@ Unibi Model  

Herbert Dawid, Simon Gemkow, Philipp Harting, Sander van der Hoog, and Michael Neugart

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter introduces the Eurace@Unibi model, one of the agent-based simulation models that are relatively new additions to the toolbox of macroeconomists, and the research that has been ... More

Agent-based Modeling for Financial Markets  

Giulia Iori and James Porter

Print publication date:
Feb 2018
Online publication date:
Feb 2018
This chapter discusses a step in the evolution of agent-based model (ABM) research in finance. Agent-based modeling has concentrated on the development of stylized market models, which ... More

Agent-Based Models for Economic Policy Design: Two Illustrative Examples  

Frank Westerhoff and Reiner Franke

Print publication date:
Feb 2018
Online publication date:
Feb 2018
With the help of two examples, this chapter illustrates the usefulness of agent-based models as tools for economic policy design. The first example applies a financial market model in ... More

Agent-Based Models of the Labor Market  

Michael Neugart and Matteo Richiardi

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter reviews the literature concerning agent-based labor market models by tracing its roots to the microsimulation literature and surveying a selection of con- tributions made since ... More

Algorithmic Trading based on Biologically Inspired Algorithms  

Vassilios Vassiliadis and Georgios Dounias

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter discusses algorithmic trading, which refers to any automated process, consisting of a number of interconnected components, whose main aim is to perform financial transactions ... More

Algorithmic Trading in Practice  

Peter Gomber and Kai Zimmermann

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The use of computer algorithms in securities trading, or algorithmic trading, has become a central factor in modern financial markets. The desire for cost and time savings within the ... More

The Analysis of Macroeconomic Panel Data  

Joerg Breitung

Print publication date:
Jan 2015
Online publication date:
May 2015
This chapter reviews recent developments in the analysis of macroeconomic panel data which typically involve aggregate variables from various countries. In contrast to the large N, small T ... More

Asymptotic Normal Inference in Linear Inverse Problems  

Marine Carrasco, Jean-Pierre Florens, and Eric Renault

Print publication date:
Feb 2014
Online publication date:
Aug 2014
This chapter studies the estimation of φ in linear inverse problems Tφ = r, where r is only observed with error and T may be given or estimated. The unknown element φ belongs to a Hilbert ... More

Austrian Economics and the Evolutionary Paradigm  

Naomi Beck and Ulrich Witt

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter discusses the challenges raised by the inclusion of evolutionary elements in the theories of Carl Menger, Joseph Schumpeter, and Friedrich Hayek. Each adopted an idiosyncratic ... More

Austrian Methodology: A Review and Synthesis  

Adam Martin

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter offers a synthetic account of the key methodological ideas espoused by prominent Austrian economists. It focuses on the contributions of Carl Menger, Ludwig von Mises, ... More

Bargaining and Negotiations: What Should Experimentalists Explore More Thoroughly?  

Werner Güth

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article argues for the need for improved models of cognitive limitations of bargainers in order to explain and predict outcomes. It became clear early that when designing institutions of ... More

Bargaining Games with Joint Production  

Emin Karagözoğlu

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article outlines the literature on experimental bargaining and distribution games with joint production. The analysis of aggregate behavior strongly rejects game theoretical predictions and ... More

Betting on Simultaneous Events and Accumulator Gambles  

Andrew Grant

Print publication date:
Nov 2013
Online publication date:
Dec 2013
As bettors become more sophisticated, there is an increasing focus on bankroll risk management or how much to bet on certain opportunities. Bettors often face situations where multiple ... More

Biased Beliefs in Negotiation  

George Wu, Richard P. Larrick, and Raegan Tennant

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article discusses the settings in which beliefs systematically diverge from reality and identify impacts for bargaining behavior. It is organized around two categories of beliefs: those related ... More

Bluffing, Agonism, and the role of Overconfidence in Negotiation  

Samuel A. Swift and Don Moore

Print publication date:
Sep 2012
Online publication date:
Dec 2012
This article investigates the impact of overconfidence on bargaining behavior, especially bluffing, and determines the conditions under which overconfident negotiators are advantaged or ... More

Brazilian Structuralism  

Joseph L. Love

Print publication date:
Oct 2018
Online publication date:
Aug 2018
This chapter examines the evolution of the structuralist school of economic thought in the Brazilian context. The intellectual roots of structuralism are analyzed, as is the influence this ... More

Business Applications of Fuzzy Logic  

Petr Dostál and Chia-Yang Lin

Print publication date:
Feb 2018
Online publication date:
Feb 2018
The chapter focuses on the use of fuzzy logic, or soft computing, among the different methods used as supports for decision making in business applications. The processes are focused on ... More

Cohort Data in Health Economics  

Stephanie von Hinke Kessler Scholder and Andrew M. Jones

Print publication date:
Jan 2015
Online publication date:
May 2015
The UK has a unique history of longitudinal birth cohort studies, where individuals are followed from birth to adulthood with direct contact with the cohort members from infancy. Most of ... More

Commitment Problems and Shifting Poweras a Cause of Conflict  

Robert Powell

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article considers another cause of conflict, one that has received much less attention than informational problem: commitment problems. Such problems essentially derive from the ... More

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