Results 11 to 20 of about 432,033 (303)
Computation of equilibria in heterogeneous agent models [PDF]
, 1997 This paper essentially puts together procedures that are used in the computation of equilibria in models with a very large number of heterogeneous agents. It is not a complete description of all procedures used in the literature.
Jose-Victor Rios-Rull
core +4 more sources
Improving Tatonnement Methods for Solving Heterogeneous Agent Models [PDF]
, 2004 This paper modifies standard block Gauss-Seidel iterations used by tatonnement methods for solving large scale deterministic heterogeneous agent models.
Ludwig, Alexander
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Smart Agents and Sentiment in the Heterogeneous Agent Model [PDF]
Prague Economic Papers, 2009 In this paper we extend the original heterogeneous agent model by introducing smart traders and changes in agents’ sentiment. The idea of smart traders is based on the endeavor of market agents to estimate future price movements. By adding smart traders and changes in sentiment we try to improve the original heterogeneous agents model so that it ...
Lukás Vácha +2 more
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Influence of agents heterogeneity in cellular model of evacuation [PDF]
Journal of Computational Science, 2017 The influence of agents heterogeneity on the microscopic characteristics of pedestrian flow is studied via an evacuation simulation tool based on the Floor-Field model. The heterogeneity is introduced in agents velocity, aggressiveness, and sensitivity to occupation.
Pavel Hrabák, Marek Bukácek
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An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity [PDF]
Journal of Economic Theory, 2019 It has been conjectured that canonical Bewley--Huggett--Aiyagari heterogeneous-agent models cannot explain the joint distribution of income and wealth. The results stated below verify this conjecture and clarify its implications under very general conditions.
John Stachurski, Alexis Akira Toda
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Optimal government policies in models with heterogeneous agents [PDF]
Journal of Economic Theory, 2005 In this paper we develop a new approach for funding optimal government policies in economies with heterogeneous agents. Using the calculus of variations, we present three classes of equilibrium conditions from government's and individual agent's optimization problems: 1) the first order conditions: the government's Lagrange-Euler equation and the ...
Boháček, Radim, Kejak, Michal
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Dynamical selection of Nash equilibria using reinforcement learning: Emergence of heterogeneous mixed equilibria. [PDF]
PLoS ONE, 2018 We study the distribution of strategies in a large game that models how agents choose among different double auction markets. We classify the possible mean field Nash equilibria, which include potentially segregated states where an agent population can ...
Robin Nicole, Peter Sollich
doaj +1 more source
Block-Recursive Equilibria in Heterogenous-Agent Models [PDF]
SSRN Electronic Journal, 2020 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Estimation of Heterogeneous Agent Models: A Likelihood Approach [PDF]
SSRN Electronic Journal, 2020 Using a Bewley‐Hugget‐Aiyagari model we show how to use the Fokker‐Planck equation for likelihood inference in heterogeneous agent (HA) models. We study the finite sample properties of the maximum likelihood estimator (MLE) in Monte Carlo experiments using cross‐sectional data on wealth and income.
Juan Carlos Parra‐Alvarez +2 more
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Estimating proportion of noise traders and asset prices
Business Review, 2019 This paper provides empirical evidence of the presence, proportion and trading behavior of noise traders in the U.S. equity market (S&P500 index). A simple methodology is used to estimate the heterogeneous agent asset pricing model involving noise ...
Mirza Faizan Ahmed
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