We develop a risk-neutral spot and equity option market simulator for a single underlying, under which the joint market process is a martingale. We leverage an efficient low-dimensional representation of the market which preserves no static arbitrage, and employ neural spline flows to simulate...

The advent of Industry 4.0 has generated a profound change in the nature of business processes all around the world and the introduction of a concept as digital transformation has greatly affected the supply chain of businesses, including the supply chain of banking services. Thus, it is...

This paper presents an agent-based simulation model of carbon emission trading market with heterogeneous agents. The carbon emission reduction strategies available to agents are production output adjustment strategy, carbon market emissions trading strategy, carbon emission abatement technology...

We propose a distributed randomized policy iteration algorithm for infinite horizon dynamic programming problems for which the control at each stage is m-dimensional. The traditional policy iteration algorithm involves performing a minimization over an m-dimensional constraint set and has a...

Team-competition in multi-agent games is an important setting, where multi-agent actor-critic methods are the state-of-the-art methods. In many such scenarios, the roles for players naturally emerge, thus aiding in collaboration within the teams. However, exiting methods for the team-competition...

Despite the rapid development of electric vehicles (EVs), the limited range and accessibility of charging infrastructure are still obstacles to the development of EVs. At present, the Chinese government has made great efforts to set up charging piles and the most popular construction mode of...

What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...