Wealth Share Analysis with “Fundamentalist/Chartist” Heterogeneous Agents
نویسندگان
چکیده
منابع مشابه
Updating Wealth in an Asset Pricing Model with Heterogeneous Agents
We consider an asset-pricing model with wealth dynamics in a market populated by heterogeneous agents. By assuming that all agents belonging to the same group agree to share their wealth whenever an agent joins the group or leaves it , we develop an adaptive model which characterizes the evolution of wealth distribution when agents switch between different trading strategies. Two groups with he...
متن کاملNash Networks with Heterogeneous Agents
A non-cooperative model of network formation is developed. Agents form links with others based on the cost of the link and its assessed beneÞt. Link formation is one-sided, i.e., agents can initiate links with other agents without their consent, provided the agent forming the link makes the appropriate investment. Information ßow is two-way. The model builds on the work of Bala and Goyal, but a...
متن کاملNetwork Formation with Heterogeneous Agents
The present paper analyzes a network formation problem, mainly based on the framework presented in [Bala-Goyal 2000]. We depart from their assumptions in two crucial aspects. On one hand, we assume that connecting to an agent pays off not only for the number of connections that the agent can provide but also for her intrinsic value. Since the values of the agents (which represent the amounts of...
متن کاملBusiness Cycles with Heterogeneous Agents
I show how to construct a stochastic long-lived overlapping generations model, based on a non-stochastic model developed by Olivier Blanchard [2] and Philippe Weil [14], that nests the RBC model as a special case. My innovation over previous work is to add an aggregate stochastic shock. I provide three different calibrations of the model. One mimics the RBC model and the other two are heterogen...
متن کاملA 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, ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Abstract and Applied Analysis
سال: 2014
ISSN: 1085-3375,1687-0409
DOI: 10.1155/2014/328498