Titlebook: Dynamic Analysis in Complex Economic Environments; Essays in Honor of C Herbert Dawid,Jasmina Arifovic Book 2021 Springer Nature Switzerlan

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Dynamic Games of Common-Property Resource Exploitation When Self-image Matters,fficient at every point of time. Secondly, we outline a prototype model that shows, in an overlapping generation framework, how a community’s sense of morality may evolve over time and identifies conditions under which the community may reach a steady-state level of morality in which everyone is perfectly Kantian.

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The Effects of Political Short-Termism on Transitions Induced by Pollution Regulations, sampling instant in a receding horizon fashion. We find that political short-termism substantially affects the transition dynamics. It leads to quicker, but costlier, transitions. It also leads to an under-evaluation of the environmental costs that may accelerate climate change.

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The Role of (De-)Centralized Wage Setting for Industry Dynamics and Economic Growth: An Agent-Basedalization of the wage-setting process induces lower wage inequality and stronger concentration on the consumption goods market. Furthermore, due to more physical investments, an economy with more centralized wage setting is characterized by higher productivity and faster economic growth.

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