The aim of this work is to design a Multi-Agent System (MAS) simulation to model the French labor market. We departed from an economic model proposed by Cahuc and Carcillo to model the introduction of a new job contract into the labor market. We designed a specific methodology to convert this equation-based model to an agent-based model, and calibrated our MAS to reproduce the data found in the...

On Human Capital Formation with Exit Options: Comment and New Results Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which may go in both directions. This ...

We consider a discrete-time two-sector Cobb-Douglas economy with positive sector specific external effects and partial depreciation of capital. We show that local indeterminacy of steady states and cycles can easily arise with constant social returns to scale, and very small market imperfections. However these properties of equilibrium paths become less likely in the case of partial depreciatio...

This research study is related to FDI and GDP and the main aim of this research study is to validate the relationship between them. Foreign direct investment (FDI) is considered as a growth accelerating component that has received a great attention in developed countries even in developing and less developed countries during recent years. Now FDI has greater importance in closed economy. FDI be...

The single bootstrap already is popular in economics, though the double bootstrap has better convergence properties. We discuss the theory and implementation of the double bootstrap, both with and without the pivotal transformation, and give detailed examples of each. One example is a nonlinear double bootstrap of a Cobb-Douglas production function, and explains the use of Gauss-Newton Regressi...

This paper extends the theory of subset team games, a generalization of cooperative game theory requiring a payoff function that is defined for all subsets of players. This subset utility is used to define both altruistic and selfish contributions of a player to the team. We investigate properties of these games, and analyze the implications of altruism and selfishness for general situations, f...

This study aimed to bring forth empirical evidence of the effect sustained adoption sustainable agricultural practices (SAPs) on technical and profit efficiency farmers. Previous studies remain inconclusive about whether SAPs has any bearing maize The current introduced concept compared levels between one-time SAP adopters adopters. Using a sample 2 100 households, employed Cobb-Douglas stochas...

We show that during the Great Recession, more-flexible sectors paid lower sectoral bond spreads. rationalize this fact with a model input-output linkages, heterogeneous elasticities, and binding working capital constraints in use of intermediates. difference flexibility between upstream downstream is key for determining role linkages amplifying or mitigating distortions. Calibrating to US econo...