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Comparing behavioural heterogeneity across asset classes

Ellen, Saskia ter; Hommes, Cars H.; Zwinkels, Remco C. J. - In: Journal of economic behavior & organization : JEBO 185 (2021), pp. 747-769

Persistent link: https://www.econbiz.de/10012601346

Ten isn't large! : group size and coordination in a large-scale experiment

Arifovic, Jasmina; Hommes, Cars H.; Kopányi-Peuker, Anita - 2020 - Last updated: July 6, 2020

This paper provides experimental evidence on coordination within genuinely large groups that could proxy the atomistic nature of real-world markets and organizations. We use a bank-run game where the two pure-strategy equilibria "run" and "wait" can be ranked by payoff and risk-dominance and a...

Persistent link: https://www.econbiz.de/10012244273

Heterogeneous agent models in economics and finance

Hommes, Cars H. - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10011343261

Behavioral heterogeneity in stock prices

Boswijk, Herman Peter; Hommes, Cars H.; Manzan, Sebastiano - 2005

We estimate a dynamic asset pricing model characterized by heterogeneous boundedly rational agents. The fundamental value of the risky asset is publicly available to all agents, but they have different beliefs about the persistence of deviations of stock prices from the fundamental benchmark. An...

Persistent link: https://www.econbiz.de/10011343265

Chapter 23 Heterogeneous Agent Models in Economics and Finance

Hommes, Cars H. - In: Handbook of computational economics : volume 2, …, (pp. 1109-1186). 2006

This chapter surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10014024382

Ageing, government budgets, retirement, and growth

Gonzalez-Eiras, Martín; Niepelt, Dirk - In: European economic review : EER 56 (2012) 1, pp. 97-115

Persistent link: https://www.econbiz.de/10009489588

Austerity

Ntellas, Charēs; Niepelt, Dirk - 2014

higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

Persistent link: https://www.econbiz.de/10010468584

Austerity

Ntellas, Charēs; Niepelt, Dirk - 2014

higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …

Persistent link: https://www.econbiz.de/10010494118

Austerity

Ntellas, Charēs; Niepelt, Dirk - 2014

sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …

Persistent link: https://www.econbiz.de/10010463597

Ageing, government budgets, retirement, and growth

Gonzalez-Eiras, Martín; Niepelt, Dirk - 2011

-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …

Persistent link: https://www.econbiz.de/10009300343