The paper studies the impact of a diversification vs. a core-competence oriented strategy using an agent-based simulation model with the aim to analyze whether agent-based models are a viable tool for analyzing questions related to corporate strategy.

We introduce a generic simulation framework suitable for agent-based simulations featuring the support of heterogeneous agents, hierarchical scheduling, and flexible specification of design parameters.(...)

This paper studies the dynamics of an asset pricing model based on simple deterministic agents.

A computational economics model of managerial compensation is presented. Risk-averse managers are simulated, and shown to adopt more risk-taking under the influence of stock options. It is also shown that stock options can both help a new entrant compete in an established market; and can help...

When group decisions involve the allocation of resources to group members, the members might have an incentive to strategically distort any information they provide to increase their share of resources.(...)

This paper examines the IPO pricing processes of two different markets, each of which employs bookbuilding methods for marketing the IPO shares. For each market we investigate two questions:(...)

This paper shows an environment for agent-based simulation of corporate strategy.

We study the influence of technological efficiency and organizational inertia on the emergence of competition when firms decide myopically. Using an agent-based computer simulation model, we observe the competitive reaction of a former monopolist to the advent of a new competitor.(...)

In this paper we head for a fully Bayesian analysis of the latent class model with a priori unknown number of classes. Estimation is carried out by means of Markov Chain Monte Carlo (MCMC) methods. We deal explicitely with the consequences the unidentifiability of this type of model has on MCMC...

This paper shows the infinite time ruin probability for an insurance company in the classical Cramér-Lundberg model with finite exponential moments.