Credit default swaps (CDS) which constitute up to 98% of credit derivatives have had a unique, endemic and pernicious role to play in the current financial crisis. However, there are few in depth empirical studies of the financial network interconnections among banks and between banks and...

This article presents an agent-based model of an Italian textile district where thousands of small firms specialize in particular phases of fabrics production. It is an empirical and methodological model that reconstructs the communications between firms when they arrange production chains. In...

In the real world, many social and economic interactions are highly affected by coordination problems. These, in turn, emerge from the trial to dynamically organize strategies of collective action in complex contexts where agents and groups are heterogeneous and information is only imperfectly...

The paper describes a spatial economic agent-based model (ABM), consistent with the principles of new economic geography (NEG), which allows the discrete-time evolutionary simulation of complex interactions of household and firm location choices. In contrast with the current ABM approaches, it...

How do institutional arrangements in banking affect the occurrence of crises?The first two chapters present an endeavor in using new modeling techniques toanswer this question. Even if the results are not widely accepted, the way inwhich the problem is tackled here is offered for consideration...

There is no substitute to the intellectual disposition to innovate. To increase the value of creative thinking, ideas have to be transformed into wealth production through generation, promotion, and distribution of appreciated products and/or services in a timely and competitive way. To achieve...