In this paper we examine the role of the design of behavioral rules in agent-based macroeconomic modeling. Based on clear theoretical foundations, we develop a general representation of the behavioral rules governing price and quantity decisions of firms and show how rules used in four main...

In this paper we examine the role of the design of behavioral rules in agent-based macroeconomic modeling. Based on clear theoretical foundations, we develop a general representation of the behavioral rules governing price and quantity decisions of firms and show how rules used in four main...

Negative word of mouth (NWoM) can be a major factor in new product diffusion, as indicated by Goldenberg et al. (2007). We extend their work by accounting for the role of consumer uncertainty for NWoM's impact on adoption dynamics. Using an agent-based simulation framework we compare three...

This paper examines how income inequality affects environmental outcomes through the interplay of household consumption and political support for climate policy. We develop an agent-based model in which households differ by income, consumption patterns, and climate policy attitudes. Our results...

The transition to neighborhood-scale district heating in the Netherlands frequently stalls due to the challenge of achieving a collective agreement among individual homeowners. To explore the micro-dynamics of this collective action problem, this paper introduces an agent-based model that...

This article examines the EU-law challenges arising from the use of artificial intelligence for payment initiation and execution (“Payment Agents”) under European Union law. It focuses on Payment Agents that support purchasing workflows and are capable of initiating payments in both...

By extending the framework presented by Dosi et al. (2023b), we build an evolutionary agent-based model of the pharmaceutical sector featuring a government and a Public Research Lab investing in R&D and innovating across different therapeutic areas. After having empirically validated our...

This paper considers how a system designer can program a team of autonomous agents to coordinate with one another such that each agent selects (or covers) an individual resource with the goal that all agents collectively cover the maximum number of resources. Specifically, we study how agents...

Welche neuen und bislang wenig beachteten Themen werden die Unternehmenskommunikation in Zukunft prägen? Der Communication Management Radar 2026 identifiziert interdisziplinäre Phänomene in Management, Technologie, Psychologie und Medien, die sich gerade konkretisieren und in naher Zukunft zu...

Using a refined version of the multi-country AB-SFC model of a Monetary Union already presented in Caiani et al. (2018a, 2019) the paper aims at providing a tentative assessment of the economic effects of transforming the European Monetary Union into an Intergovernmental Fiscal Transfer Union...

This study examines the factors that influence user trust in AI-powered digital agents within organizational contexts. Employing an integrated framework that combines the Expectation Confirmation Model and the Technology Acceptance Model, we investigated how user expectations, attitudes toward...

Mainstream experimental economics is characterized by its focus on theory testing and "treatment effects" on aggregate outcomes. The "agentic" alternative is concerned with the econometric specification of individual behavior. In this essay, first, a literature review of agentic experimental...

This report presents the generalization of some existing Fluid-Structure Interaction (FSI) models of EUROPLEXUS and the development of a new drag-based FSI model for use in combination with 3D beam or bar elements.

The transition to a sustainable bioeconomy represents a crucial strategy for mitigating climate change and reducing dependence on fossil resources. Central to this strategy is the development of bio-based alternatives through innovative technologies, such as biorefineries. The success of this...

A central yet understudied issue to the idea of change in organizations is its silent resistance that comprises it. It does not deal with active resistance, in contrast, like in case with overt resistance, it manifests in more subtle patterns of behavior leadership communication withdrawal, lack...

This paper introduces a general method for computing aggregate fluctuations in economies with private information. Instead of the cross-sectional distribution of agents across individual states, the method uses as a state variable a vector of spline coefficients describing a long history of past...

The relationship between firm markups and inflation remains a topic of contention. Empirical findings suggest that many firms were able to maintain or increase their markups and profits amidst the recent wide-ranging cost shocks. This phenomenon, often referred to as sellers' inflation, raises...

This paper examines the macro-financial effects of alternative adaptation strategies in response to exogenous shocks in labor productivity caused by climate change. Using a Stock-Flow-Consistent Agent-Based model calibrated to U.S. data, we analyze two main scenarios: (i) a change in the conduct...