Integrated assessment models (IAMs) are a cornerstone of an effective approach to climate change mitigation. Despite the variety of methodologies for characterising the energy system, land use change, economics, and climate response, the modelling community has an open and urgent request for...

Price limit is a prevalent policy that intends to control significant volatility in financial markets. In the financial markets with price limit, the trades will be prevented from occurring outside the specified price bands. This paper analyses and compares the effectiveness of three price limit...

The diffusion of innovations is largely influenced by the characteristics of the network of initial adopters (or innovation spreader). We investigate how these characteristics tend to influence the adoption rate and the speed of the diffusion process of a technological innovation in agriculture....

The interaction of debt and economic performance has been getting more at-tention over the last few years. However, models making provision for debt are still out-numbered by models completely ignoring it. This paper is the first one to analyze therelationship between household debt (in the form...

Building upon the labour-augmented K+S modelling framework (Dosi et al., 2010, 2017, 2020), we address the analysis of the North-South divide by means of an agent-based model (ABM) endogenously reproducing divergence between two artificial macro-regions characterized by identical initial...

Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible. These simplifications include approximating the true nonlinear dynamics of the model, disregarding aggregate uncertainty or assuming that all agents are identical. While...