As a key component of the balancing market, balance settlement links the physical layer of electricity balance with financial fund equilibrium. Imbalance funds pertain to costs that emerge from the balancing settlement process and, lacking a clearly defined responsible entity, require...

Background: The habitat structure, the environmental impact, the market acceptance, the changes in consumers' preferences, and the pandemic urged for innovative solutions in urban last-mile delivery. Parcel lockers are among the most preferred solutions by customers due to their home proximity,...

We extend the multi-country, multi-sector agent-based model in Dosi et al. (2019, 2021) by incorporating an exchange rate market where heterogeneous chartist and fundamentalist financial traders exchange foreign currencies. This introduces complex interactions between the real and financial side...

How to conceive industrial policies as development instruments distinct from trade or fiscal-deduction interventions? How can we model and study the role of state-owned enterprises (SOEs) as agents of industrial policy? How can we model their main attributes and architectures? Drawing on the...

We propose a disaggregated representation of production using an agent-based fund-flow model that emphasizes inefficiencies, such as factor idleness and production instability, and allows us to explore their emergence through simulations. The model incorporates productivity dynamics (learning...