This paper presents a general C++ platform for the implementation of a trade network game (TNG) that combines evolutionary game play with preferential partner selection. In the TNG, successive generations of resource constrained traders choose and refuse trade partners on the basis of...

The main objects below are transferable-utility games in which each agent faces an optimization problem, briefly called production planning, constrained by his resource endowment. Coalitions can pool members' resources. Such production games are here extended to accommodate uncertainty about...

We study a general equilibrium system where agents have heterogeneous beliefs concerning realizations of possible outcomes. The actual outcomes feed back into beliefs thus creating a complicated nonlinear system. Beliefs are updated via a genetic algorithm learning process which we interpret as...

Fortran has long been the mother-tongue of the scientific community. This note looks at the C programming language from the viewpoint of numerical computing with the emphasis placed on econometric applications. C can be used as a replacement for other lower level programming languages, and also...

This paper employs an extensive Monte Carlo study to test the size and power of the BDS and close return methods of testing for departures from independent and identical distribution. It is found that the finite sample properties of the BDS test are far superior and that the close return method...

We evaluate the effects of several discretization schemes on alternative estimators of the drift parameters of stochastic differential equations, namely the continuous time MLE, a so-called naive estimator and an indirect estimator obtained through calibration. Two main results are evidenced:...