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Mostrando ítems 11-20 de 1890
Asset prices and wealth inequality in a simple model with idiosyncratic shocks
(Universidad de Chile. Facultad de Economía y Negocios, 2017)
This paper analytically solves a heterogeneous agent model with idiosyncratic
shocks to marginal utility of consumption and explores the effects of the borrowing
constraint on the price of the asset, the composition of ...
Who matters in dynamic coordination problems?
(2021-06)
This paper studies a dynamic coordination model with timing frictions and heterogeneity in several dimensions. Each agent might a ect and be a ected by others in di erent ways, and the frequency of their decisions might ...
Multi-agent support in a middleware for mission-driven heterogeneous sensor networks
(Oxford University Press (OUP), 2020)
Short-time behaviour of demand and price viewed through an exactly solvable model for heterogeneous interacting market agents
(ELSEVIER SCIENCE BV, 2009)
We introduce a stochastic heterogeneous interacting-agent model for the short-time non-equilibrium evolution of excess demand and price in a stylized asset market. We consider a combination of social interaction within ...
Entrepreneurship, financial frictions and the welfare gains of business cycles
(2018-08)
I propose a simple method to solve a heterogeneous agent model with entrepreneurship, financial frictions and aggregate uncertainty. Aggregate shocks, in this context, induce potential entrepreneurs to save in order to ...
Financial frictions, informality and income inequality
(2014-12-12)
We studied the effects of changes in banking spreads on distributions of income, wealth and consumption as well as the welfare of the economy. This analysis was based on a model of heterogeneous agents with incomplete ...
Who matters in dynamic coordination problems?
(2020-05-06)
O presente artigo estuda um modelo de coordenação dinâmica em que agentes recebem oportunidades aleatórias para tomarem suas decisões. Há heterogeneidade em diversas dimensões. Em particular, cada agente pode afetar e ser ...
Emerging patterns in inflation expectations with multiple agents
(American Institute of Mathematical Sciences, 2020-07)
Macroeconomic theory and central Bonks' policy recommendations have analyzed for decades the link between the expected value of future inflation and its subsequent realization. Agents' inflation expectations have thus ...
Comsumption Decisions in an Economy with Heterogeneous Preferences defined by a Bivariate Distribution.
(B. Preissl, 2013-04-16)
This paper considers an economy populated by heterogeneous individuals in two respects: both parameters representing the subjective discount and the risk aversion rates are supposed to have a joint distribution. That is, ...