Economics requires understanding and analyzing forces that bring buyers and sellers to a market place who then negotiate exchanges of goods and services based on a mutually agreeable price. Economists have their own method of modeling whereby models are first conceived of some notion of economic...

We reconsider de Marti and Zenou (2017) model of friendship network formation where individuals belong to two different communities and costs of forming links depend on community memberships. Many inefficient friendship networks such as segregation can arise when all individuals are myopic. Once...

Worldwide, with different frequencies and magnitudes, coastlines are increasingly being affected by climate change hazards. The high urbanization rate, due to economic opportunities and natural amenities, further exacerbates vulnerabilities in these areas, requiring prompt and effective...

Experimental and empirical findings suggest that non-pecuniary motivations play a significant role as determinants of taxpayers’ decision to comply with the tax authority and shape their perceptions and assessment of the tax code. By contrast, the canonical optimal income taxation model...

Motivated by growing evidence of agents' mistakes in strategically simple environments, we propose a solution concept---robust equilibrium---that requires only an asymptotically optimal behavior. We use it to study large random matching markets operated by the applicant-proposing Deferred...

Agent-based economics has emerged to complement analytical and empiricalmethods by allowing for more complex heterogeneity in models. Extending theagent-based global trade model Acclimate with five consumer groups, we studyheterogeneity of market emerging consumption price elasticity in response...

The prediction of the results of introducing a new product into the market, is one of the vital issues facing the organization's executives before investing in marketing activities. The impact of various factors on the market, as well as the specific characteristics of the market, depending on...

Crowdshipping services require heterogeneous resource modelling as the supply of service is occasional. Classical routing problem such as the Vehicle Routing Problem (VRP) assumes vehicles' similarity; therefore, this research study is questioning this similarity by considering a unique vehicle...

Crowdshipping services require heterogeneous resource modelling as the supply of service is occasional. Classical routing problem such as the Vehicle Routing Problem (VRP) assumes vehicles' similarity; therefore, this research study is questioning this similarity by considering a unique vehicle...

Aiming at the problem of knowledge diffusion between projects, the paper uses the agent-based modeling and multi-stage DEA to analyze the dynamic process of knowledge diffusion, so as to more accurately measure the impact of knowledge diffusion on project portfolio performance. Firstly, taking...