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Incorporation of sticky information and product diversification into static game of open innovation
International Journal of Innovation Studies, 2022 Platform economics has promoted open innovation through sufficient channels to reveal and exchange knowledge with experts or valued customers. However, innovation also suffers from information stickiness and product diversification risks.
Xiaoguang Zhu
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Multi-Agent-Based Macroeconomic Modelling
Theory, Methodology, Practice, 2019 Macroeconomic modelling emerged at the end of the 20th century and by the first decade of the 21st century it had been widely accepted. However, the financial crisis of 2007 followed by the real economy crisis exposed the weaknesses of dynamic ...
Sándor Karajz
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The Structure of Models: Understanding Theory Reduction and Testing with a Production Example
Journal of Agricultural and Resource Economics, 2004 The language of economics is the language of models. Understanding the structure of this language offers many benefits. Unfortunately, the structure is ubiquitous in implementation but absent in documentation. This paper documents the structure of models
George C. Davis
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Recurrence and Eigenfunction Methods for Non-Trivial Models of Discrete Binary Choice
Entropy, 2023 Understanding how systems relax to equilibrium is a core theme of statistical physics, especially in economics, where systems are known to be subject to extrinsic noise not included in simple agent-based models.
James Holehouse
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Is Economics an Empirical Science? If not, can it become one?
Frontiers in Applied Mathematics and Statistics, 2015 Today’s mainstream economics, embodied in Dynamic Stochastic General Equilibrium (DSGE) models, cannot be considered an empirical science in the modern sense of the term: it is not based on empirical data, is not descriptive of the real-world economy ...
Sergio Mario Focardi +1 more
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Control Theory and Economic Policy Optimization: The Origin, Achievements and the Fading Optimism from a Historical Standpoint [PDF]
International Journal of Business and Development Studies, 2015 Economists were interested in economic stabilization policies as early as the 1930’s but the formal applications of stability theory from the classical control theory to economic analysis appeared in the early 1950’s when a number of control engineers ...
Masoud Derakhshan
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Incerteza e não ergodicidade: crítica aos neoclássicos
Brazilian Journal of Political Economy, 2014 The starting point of this essay is to show that, in our view, the problem of the traditional economics is not in the deductive method nor the mathematical methods used, but to attribute to economic agents "power" on the future and prescribe the ...
Marcelo Mallet Siqueira Campos +1 more
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A discreet power-society-economics model based on cellular automaton [PDF]
Компьютерные исследования и моделирование, 2016 In this paper we consider a new modification of the discrete version of Mikhailovs power-society model, previously proposed by the author. This modification includes social-economical dynamics and corruption of the system similarly to continuous power ...
Mikhail Yevgenievich Stepantsov
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Agricultural and Food Economics, 2023 In the economics literature, measuring the performance of a dairy farm with a total productivity index is common practice. Previous research, on the other hand, has been chastised for failing to account for agricultural emissions in their models when ...
Habtamu Alem
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Problems in Developing a Comprehensive Toolkit for Macro-economic, Inter-regional, Inter-sectoral Analysis and Forecasting [PDF]
Экономика региона, 2020 The study reviews approaches to macro-economic and macro-territorial modelling presented in international and Russian economic publications. We focus on opportunities to improve forecasting the development of economic system in Russia ...
Valery A. Kryukov +4 more
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