In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the Generalized Methods of Moments (GMM)...

We investigate the cluster behavior of financial markets within the framework of a model based on a scale-free network. In this model, a cluster is formed by connected agents that are in the same state. The cumulative distribution of clusters is found to be a power-law. We find that the...

We study the effects arisen from the punishment in an evolutionary complementarity game. Each round one member of population “buyers” deals with a randomly chosen member of population “sellers”. When the buyer's offer is greater than the seller's, a deal is done and both players are...

We investigate the statistical properties of the empirical data taken from the Chinese stock market during the time period from January, 2006 to July, 2007. By using the methods of detrended fluctuation analysis (DFA) and calculating correlation coefficients, we acquire the evidence of strong...

This work is a modeling of evolutionary networks embedded in one or two dimensional configuration space. The evolution is based on two attachments depending on degree and spatial distance. The probability for a new node n to connect with a previous node i at distance rni follows...

In this study, a multistage inexact stochastic robust model was developed for regional energy system management in Jining City, China. Three scenarios about the electric power structure adjustment, clean power generation, and the emission reduction target are designed. Methods of interval...