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We present and analyze a model for the evolution of the wealth distribution within a heterogeneous economic environment. The model considers a system of rational agents interacting in a game theoretical framework, through fairly general assumptions on the cost function. This evolution drives the...
Persistent link: https://www.econbiz.de/10010674723
We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both...
Persistent link: https://www.econbiz.de/10010755251
Persistent link: https://www.econbiz.de/10012265649
We present a general framework for modelling the dynamics of limit order books, built on the combination of two modelling ingredients: the order flow, modelled as a general spatial point process, and market clearing, modelled via a deterministic ‘mass transport’ operator acting on...
Persistent link: https://www.econbiz.de/10014255275
Among the large-scale energy storage devices, vanadium redox flow batteries (VRFBs) are one of the most promising candidates. Carbon felt and graphite felt have been widely adopted as electrodes, however, poor electrochemical activities and low specific surface areas have limited their rollout...
Persistent link: https://www.econbiz.de/10013303755
In this paper, we shed light on the selection of the benefi ciaries from the French competitiveness cluster policy which was launched in 2005 and extended to 2012. We disentangle the selection and self-selection eff ects, as emphasized in the theoretical literature on regional and industrial...
Persistent link: https://www.econbiz.de/10010820386
Will employment instability be the employment pattern tomorrow? Many studies support this view which is first discussed on the basis of various statistical studies already carried out. A general trend of employment instability is not proved to be true by statistical data. These data show that...
Persistent link: https://www.econbiz.de/10010820387
Analyse de l'accaparation d'actifs (asset grabbing) lors des privatisations, sur les marchés financiers et dans le "shadow banking"par des oligarques comme émergence d'une économie où le "gagnant rafle tout" (winner take all) formant un secteur "cupidaliste". Son apparition dans l'économie...
Persistent link: https://www.econbiz.de/10010820388
In 1998 the Fifty-first World Health Assembly passed the "health-for-all policy for the twenty-first century". During this assembly the Member States of the World Health Organization (WHO) reaffirmed their commitment to the principle that "the enjoyment of the highest attainable standard of...
Persistent link: https://www.econbiz.de/10010820389
A government agency delegates to a provider (hospital, medical gatekeeper, school, social worker) the decision to supply a service or treatment to individual recipients. The agency does not perfectly know the distribution of individual treatment costs in the population. The single-crossing...
Persistent link: https://www.econbiz.de/10010820390