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 focuses...

The trust game, a simple two-person economic exchange, has been extensively used as experimental measures for trust and trustworthiness of individuals. Here, we develop deep neural network-based artificial intelligence (AI) agents to participate a series of experiments based upon the trust game....

We develop an agent-based model of the UK housing market to study the impact of macroprudential policy experiments on key housing market indicators. The heterogeneous nature of this model enables us to assess the effects of such experiments on the housing, rental and mortgage markets not only in...

Prediction Markets (PMs) are markets in which agents trade event contingent assets. Enterprises use PMs to forecast revenues and project deadlines. This paper presents an Agent-based model, called Logarithmic Market Scoring Rule-Automated Market Maker (LMSR-ASM), to evaluate Prediction Markets....

Compliance inspection is a detailed examination procedure for determining compliance of a particular person or organisation with the given set of provisions (in regulations, standards, business rules, etc.). The optimal selection of persons or organisations and provisions for inspection is one...

This supplementary file provides details in the proof of Theorem 3 in Section 3, an example of the stochastic process satisfying Assumptions 3 and 4, and proofs for the propositions and the lemma in Sections 3 and 6

Economic growth in agent- and general equilibrium-based models is the result of wage-led expansion or meta-time mechanisms. Such a modelling approach faces empirical and theoretical pitfalls. There is very little econometric and theoretical support for wage-led growth, while the market clearing...

We are interested in how the relationship between the fee in a constant product market (CPM) and the volatility of the swapped pair on other liquid exchanges influences the losses / gains of the liquidity providers. We review three classical market making models: Glosten and Milgrom, Kyle and...