Controlling a Distribution of Heterogeneous Agents

Controlling Growing Tasks with Heterogeneous Agents

We propose solutions for assignment of physical tasks to heterogeneous agents when the costs of the tasks change over time. We assume tasks have a natural growth rate which is counteracted by the work applied by the agents. As the future cost of a task depends on the agents allocation, reasoning must be both spatial and temporal to effectively minimize the growth so tasks can be completed. We p...

Note on Type Distribution of Heterogeneous Agents

In dealing with variety of heterogeneous agent models where agents might have zero measure, and where agents’ type includes continuous variable (like asset holding), we need a consistent way to keep track of the type distribution of agents. That’s why we need the help of the measure theory. We will study the minimum set of knowledge on the measure theory to deal with the issue. The part of this...

On a Unique Nondegenerate Distribution of Agents in a Heterogeneous Agent Model

The seminal work of Huggett [“The risk-free rate in heterogeneous-agent incompleteinsurance economies”, Journal of Economic Dynamics and Control, 1993, 17(5-6), 953969] showed that there exists a unique stationary distribution of agent types, given by their individual states of asset and income endowment pairs. However, the question remains open if the equilibrium individual state space might t...

A Model With Heterogeneous Agents

This article introduces a multiagent simulation framework for investigating the emergence of niche markets for environmentally innovative products. It clarifies how consumer preferences, business strategy, and government policy interact during market development. The framework allows investigation of the effects of uncertainty and agents’ corresponding coping strategies. We describe the model, ...

Heterogeneous Agents Situated in Heterogeneous Spaces