Under the background of the electronic security trading platform Xetra operated by Frankfurt Stock Exchange, we consider the Xetra auction market system (XAMS) from `bottom-up', which the interaction among heterogeneous traders and Xetra auction market mechanism generates non-equilibrium price...

This paper presents a novel approach to gain a deeper understanding of the forces driving sustainability transitions in food production and consumption. It follows a complex adaptive systems approach to study processes leading to sociotechnical innovations on a timescale of typically a decade....

We propose an agent-based macroeconomic model (ABM) inspired by the New Keynesian general equilibrium model (NKM, Woodford 2003). We analyse the aggregate economic dynamics resulting from social learning of agents (households and firms). Households’ labour supply and consumption demand, as...