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This paper documents our efforts in replicating Epstein’s (1998) demographic prisoner’s dilemma model. While, qualitatively speaking, our replicated model resembles the results of the original model reasonably well, statistical testing reveals that in quantitative terms our endeavor was only...
Persistent link: https://www.econbiz.de/10015216380
This article contributes to the field of evolutionary macroeconomics by highlighting the dynamic interlinkages between micro-meso-macro with a Veblenian meso foundation in an agent-based macroeconomic model. Consumption is dependent on endogenously changing social class and signaling, such as...
Persistent link: https://www.econbiz.de/10015256599
This article contributes to the field of evolutionary macroeconomics by highlighting the dynamic interlinkages between micro-meso-macro with a Veblenian meso foundation in an agent-based macroeconomic model. Consumption is dependent on endogenously changing social class and signaling, such as...
Persistent link: https://www.econbiz.de/10015256634