In this paper, the effect of the social network on macroeconomic stability is examined using an agent-based, network-based DSGE (dynamic stochastic general equilibrium) model. While the authors' primitive (first-stage) examination has the network generation mechanism as its main focus, their...

We construct an agent-based New Keynesian DSGE model with different social network structures to investigate the significance of network topologies to macroeconomic stability. According to our simulation results, we find that the more liquid the information flow, the higher the stability of the...

The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...

In this paper, two different versions of the agent-based DSGE (dynamic stochastic general equilibrium) model are studied in comparison The first version is the mesoscopic modeling of market sentiment using the Brock–Hommes adaptive belief system (ABS). The second version is the microscopic...

The design of a water quality monitoring network is of critical importance to watershed management. By employing both a single criterion analysis and a multiple criteria analysis, this study assessed and compared water quality monitoring designs for a river system in the Taipei Water Resource...

The Feitsui reservoir is a major water supply source for more than five million people in Northern Taiwan. The reservoir water quality has been good, but is threatened by eutrophication due to excessive nutrient input and siltation due to sediment loads. Recently, the water authorities in Taiwan...

Taiwan’s high population density impedes absolute prohibitions on land-use activities in watershed areas. Different tracts of land around each watershed have different levels of environmental vulnerability; Taiwan must analyze the land surrounding its watersheds in order to restrict land-use....

Motivated from the charting analysis in the financial industry, Chen and He (2003) are the first to use self-organizing maps to search for and identify price patterns. Such a model is referred to as the trajectory-domain model (TDM). Chen and Tsao (2003) apply the TDMs to three American stock...

In this paper, we propose a new architecture to study artificial stock markets. This architecture rests on a mechanism called "school" which is a procedure for mapping the phenotype to the genotype or, in plain English, to uncover the secret of success. We propose an agent-based model of school,...

The relationship between competitiveness and market performance has been discussed for a long time. In a competitive economic environment, each firm or individual is unable to influence the market. It has been mentioned in the economics courses that the competitive market is more efficient and...