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Contini, Dalit; Richiardi, Matteo - Society for Computational Economics - SCE - 2006

We propose an agent-based model to investigate the effects of policies against poverty â€“ income support, workfare policies and active labor market programs within different economic and institutional setting

Persistent link: https://www.econbiz.de/10005132584

Valuation by Simulation of Contingent Claims with Multiple Early Exercise Opportunities

Ibáñez, Alfredo - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005132820

Simulated Specification Tests for Panel Multinomial Probit Models: Some Finite Sample Evidence

Wang, Jiahui - Society for Computational Economics - SCE - 2001

In recent years simulation-based estimation of multinomial probit (MNP) models has attracted an increasing interest … of specification tests when applied to these simulation-based estimates. Specification tests are very important for …, but not both. Thus Wald and LM tests are less computationally demanding for simulation-based estimation of panel MNP …

Persistent link: https://www.econbiz.de/10005132872

Modeling the strategic trading of electricity assets

Oliveira, Fernando S.; Bunn, Derek W. - Society for Computational Economics - SCE - 2006

We analyze how strategic asset trading can be used to gain competitive advantage. In the case of electricity markets, companies seek to improve the value of their generating portfolios by acquiring, or selling, power plants. Accordingly, we derive the basic determinants of plant value,...

Persistent link: https://www.econbiz.de/10005342882

Computing the Distributions of Economic Models via Simulation

Stachurski, John - Society for Computational Economics - SCE - 2006

This paper studies a Monte Carlo algorithm for computing distributions of state variables when the underlying model is a Markov process. It is shown that the $L_1$ error of the estimator always converges to zero with probability one, and often at a parametric rate. A related technique for...

Persistent link: https://www.econbiz.de/10005342929

Long Swings in the US-Dollar: a Stochastic Control Approach.

Rita L. Dâ€™Ecclesia; Castellano, Rosella - Society for Computational Economics - SCE - 2005

Since 1973 currency market has been dominated by US-Dollar cycles, the so called long swings. The long swinging behaviour of the dollar has been confirmed also by its strong depreciation against the Euro, registered in the last three years. Periods of steady appreciation followed by period of...

Persistent link: https://www.econbiz.de/10005343053

Dynamic analysis of an institutional conflict within the music industry

Pavlov, Oleg V. - Society for Computational Economics - SCE - 2005

Peer-to-peer technology has made massive music piracy possible, which, in turn, has arguably had a significant economic impact on the recording industry. Record labels have responded to online piracy with litigation and are also considering self-help measures. It is currently not obvious whether...

Persistent link: https://www.econbiz.de/10005343056

An Evolutionary Analysis of Investment in Electricity Markets

Costa, Manuel L.; Oliveira, Fernando S. - Society for Computational Economics - SCE - 2005

Electricity markets are being liberalised and open to private competition in several countries. These liberalized electricity markets are very complex as the interactions between demand and supply are subject to several technicalities arising from the commodity being traded: electricity. One of...

Persistent link: https://www.econbiz.de/10005345053

The Search for Criticality

Stahnke, Richard - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005345399

Patterns of Trade between Countries with Differing Age Compositions of Populations: An Overlapping Generations General Equilibrium Analysis

Sayan, Serdar - Society for Computational Economics - SCE - 2001

simulation scenarios, using an overlapping-generations general equilibrium model. The differing age compositions of populations … experiencing population aging, the paper discusses the implications of simulation results for trade between such young …

Persistent link: https://www.econbiz.de/10005345614