Titlebook: Heterogenous Agents, Interactions and Economic Performance; Robin Cowan,Nicolas Jonard Conference proceedings 2003 Springer-Verlag Berlin

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Heterogenous Agents, Interactions and Economic Performance978-3-642-55651-7Series ISSN 0075-8442 Series E-ISSN 2196-9957

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Conference proceedings 2003gents (WEHIA). The contributions show that work done in other fields like evolutionary biology, statistical mechanics, social network theory and others help us to understand the way in which economic systems operate. Virtually all of the papers presented in this volume draw on some aspect or other of these varied approaches to related problems.

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An Exact Physical Approach to Market Participation Models applications to the clustering of agents the Ewens Sampling Formula is derived in an exact simple way, as a limiting case of our chain. Applications to stock price dynamics are shown. High positive correlation between market participants explicates the large observed values of kurtosis of the price increments.

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Bandwagon Effects on Female Labour Force Participation: An Application to the Netherlandsofile. This leads to a sigmoid shape of the time profile of the participation rate which is considerably “sharper” than the logistic shape implied by static labour supply models. Such a time profile accounts in a stylized way for the Dutch pattern.

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Conference proceedings 2003d indirect. This is a powerful model, but we see many instances in which one, and sometimes all, of the previous characteristics fail to hold true. The type of agent you are, or your identity, can affect the type of interaction we have, and most surely the relationship between micro-behaviour and ma