At present, computational methods have received considerable attention in economics and finance as an alternative to conventional analytical and numerical paradigms. This Special Issue brings together both theoretical and application-oriented contributions, with a focus on the use of...

We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...

At present, computational methods have received considerable attention in economics and finance as an alternative to conventional analytical and numerical paradigms. This Special Issue brings together both theoretical and application-oriented contributions, with a focus on the use of...

Research on quantum technology spans multiple disciplines: physics, computer science, engineering, and mathematics. The objective of this manuscript is to provide an accessible introduction to this emerging field for economists that is centered around quantum computing and quantum money. We...

Research on quantum technology spans multiple disciplines: physics, computer science, engineering, and mathematics. The objective of this manuscript is to provide an accessible introduction to this emerging field for economists that is centered around quantum computing and quantum money. We...

The global financial crisis and the ensuing criticism of macroeconomics have inspired researchers to explore new modeling approaches. There are many new models that deliver improved estimates of the transmission of macroeconomic policies and aim to better integrate the financial sector in...

I develop a computational method for solving and estimating heterogeneous agent macro models with aggregate shocks. The main challenge is that the aggregate state vector contains the distribution of agents, which is typically infinite-dimensional. I approximate the distribution with a flexible...

I develop a computational method for solving and estimating heterogeneous agent macro models with aggregate shocks. The main challenge is that the aggregate state vector contains the distribution of agents, which is typically infinite‐dimensional. I approximate the distribution with a flexible...

A fundamentally important role of the Web economy is Online Resource Allocation (ORA) from producers to consumers, such as product allocation in E-commerce, job allocation in freelancing platforms, and driver resource allocation in P2P riding services. Since users have the freedom to choose,...

We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...

A fundamentally important role of the Web economy is Online Resource Allocation (ORA) from producers to consumers, such as product allocation in E-commerce, job allocation in freelancing platforms, and driver resource allocation in P2P riding services. Since users have the freedom to choose,...

Technology = Recipes -- The advance of code. Jobs : divide and coordinate ; Code : "This is the procedure" ; Machines : "The universal character" ; Computers : predicting the weather -- Code economics. Substitution : the great Man-vs-Machine Debate ; Information : "Reliable circuits using crummy...

Introduction to agent-based economics -- Decentralized interacting macroeconomics and the agent-based "modellaccio" -- AD-AS representation of macroeconomic emergent properties -- Heterogeneity in macroeconomics: DSGE and agent-based model approach -- Early warning indicator for crises in an...

Front Cover -- Introduction to Agent-Based Economics -- Copyright -- Contents -- Contributors -- Foreword -- Part I Introduction -- 1 An Introduction to Agent-Based Computational Macroeconomics -- References -- Part II Macroeconomic Agent-Based Computational Economics -- 2 Decentralized...

What distinguishes this book from other texts on mathematical finance is the use of both probabilistic and PDEs tools to price derivatives for both constant and stochastic volatility models, by which the reader has the advantage of computing explicitly a large number of prices for European,...

A prime function of many major World Wide Web applications is Online Service Allocation (OSA), the function of matching individual consumers with particular services/goods (which may include loans or jobs as well as products) each with its own producer. In the applications of interest, consumers...

Recommender systems often recommend several products to a user at the same time, but with little consideration of the relationships among the recommended products. We argue that relationships such as substitutes and complements are crucial, since the utility of one product may depend on whether...

Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics - the field that in our opinion lies closest to...

A prime function of many major World Wide Web applications is Online Service Allocation (OSA), the function of matching individual consumers with particular services/goods (which may include loans or jobs as well as products) each with its own producer. In the applications of interest, consumers...