Frontmatter -- Inhalt -- Ausländische Unternehmen und einheimische Eliten in Lateinamerika: Ansätze zur Interpretation historischer Erfahrungen und aktueller Tendenzen / Fischer, Thomas -- Teil I: Von der Unabhängigkeit bis zum Ende des 19. Jahrhunderts -- Las élites nacionales, el estado y...

We develop an agent-based model in which heterogenous and boundedly rational agents interact by trading a risky asset at an endogenously set price. Agents are endowed with balance sheets comprising the risky asset as well as cash on the asset side and equity capital as well as debt on the...

We develop an agent-based model in which heterogeneous and boundedly rational agents interact by trading a risky asset at an endogenously set price. Agents are endowed with balance sheets comprising the risky asset as well as cash on the asset side and equity capital as well as debt on the...

We develop an agent-based model in which heterogeneous and boundedly rational agents interact by trading a risky asset at an endogenously set price. Agents are endowed with balance sheets comprising the risky asset as well as cash on the asset side and equity capital as well as debt on the...

The level of capital tax gains has high explanatory power regarding the question of what drives economic inequality. On this basis, the authors develop a simple, yet micro-founded portfolio selection model to explain the dynamics of wealth inequality given empirical tax series in the US. The...

We present a comprehensive simulation study to assess and compare the performance of popular machine learning algorithms for time series prediction tasks. Specifically, we consider the following algorithms: multilayer perceptron (MLP), logistic regression, naïve Bayes, k-nearest neighbors,...

Using a standard model where the individual consumption path is computed solving an optimal control problem, we investigate central claims of Piketty (2014) Rather than rg (confirmed in the data) r-sg - with s being the rate of time preference - matters. If this condition holds and the...