An agent-based computational modeling of the lottery market is established in this paper to study the design issue, in terms of the lottery tax rate, as well as the emerging market behavior. By using genetic algorithms and fuzzy logic, lottery participants are modeled as autonomous agents who...

This book provides models of various economic and financial issues while using computational intelligence as a foundation. The scope of this volume comprises finance, economics, management, organizational theory and public policies. It explains the ongoing and novel research in this field, and...

In practice, water pricing is the main economic instrument used to discourage the wasteful use of residential water. Owing to considerations of affordability, residential water is systematically underpriced because water is essential for life. Such a low price results in water being used...