Dosi, Giovanni (contributor); Fagiolo, Giorgio (contributor) - 2007 - June 2006
In this paper, we present an evolutionary model of industry dynamics yielding endogenous business cycles with … endogenous business cycles. The model can also replicate the most important stylized facts concerning micro- and macro …-shaped. -- Evolutionary Dynamics ; Agent-Based Computational Economics ; Animal Spirits ; Lumpy Investment ; Output Fluctuations ; Endogenous …