# The economy needs agent-based modelling

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- The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects. Egger, Peter; Pfaffermayr, Michael // Empirical Economics;2003, Vol. 28 Issue 3, p571
We argue that the proper specification of a panel gravity model should include main (exporter, importer, and time) as well as time invariant exporter-by-importer (bilateral) interaction effects. In a panel of 11 APEC countries, the latter are highly significant and account for the largest part...

- Comparing large-scale computational approaches
to epidemic modeling: Agent-based versus
structured metapopulation models. Ajelli, Marco; Gonçalves, Bruno; Balcan, Duygu; Colizza, Vittoria; Hao Hu; Ramasco, José J.; Merler, Stefano; Vespignani, Alessandro // BMC Infectious Diseases;2010, Vol. 10 Issue 1, p190
Background: In recent years large-scale computational models for the realistic simulation of epidemic outbreaks have been used with increased frequency. Methodologies adapt to the scale of interest and range from very detailed agentbased models to spatially-structured metapopulation models. One...

- Asset-pricing Models and Economic Risk Premia: A Decomposition. Balduzzi, Pierluigi; Robotti, Cesare // Working Paper Series (Federal Reserve Bank of Atlanta);Jul2005, Vol. 2005 Issue 13, Preceding p1
The risk premia assigned to economic (nontraded) risk factors can be decomposed into three parts: (i) the risk premia on maximum-correlation portfolios mimicking the factors; (ii) (minus) the covariance between the nontraded components of the candidate pricing kernel of a given model and the...

- Box-Cox Mixed Logit Model for Travel Behavior Analysis. Orro, Alfonso; Novales, Margarita; Benitez, Francisco G. // AIP Conference Proceedings;9/30/2010, Vol. 1281 Issue 1, p679
To represent the behavior of travelers when they are deciding how they are going to get to their destination, discrete choice models, based on the random utility theory, have become one of the most widely used tools. The field in which these models were developed was halfway between econometrics...

- It Is Time for Government to Deep Six Keynesian Economics. MIRON, JEFFREY // USA Today Magazine;Mar2013, Vol. 141 Issue 2814, p10
The article offers information on the U.S. economic condition in 2013. It states that economic recovery can be achieved only by reducing expenditure and taxes both. It also mentions theories of Keynesian economic model for government spendings, and resolution of issues like fiscal debt crisis...

- Stochastic simulation of calcium microdomains in the vicinity of an L-type calcium channel. Von Wegner, Frederic; Fink, R. H. A. // European Biophysics Journal;Jun2010, Vol. 39 Issue 7, p1079
We study numerically the local dynamics of the intracellular calcium concentration in the vicinity of a voltage- and calcium-dependent plasma membrane L-type calcium channel. To account for the low number of Ca2+ ions and buffer molecules present in sub-femtoliter volumes, we use an exact...

- Vector-scalar noise fields formed by an excited sea surface. Glebova, G.; Kuznetsov, G.; Shimko, O. // Acoustical Physics;Jul2013, Vol. 59 Issue 4, p453
Vector-scalar noise fields in a waveguide were studied using computer simulation. A stochastic model of dynamic acoustic noise was used in the calculations. Noise field parameters on a single vector-scalar module and spatial correlation functions on vector-scalar arrays in a homogeneous...

- CALENDAR OF EVENTS. // International Journal of Simulation Modelling (IJSIMM);Jun2014, Vol. 13 Issue 2, p255
No abstract available.

- Noise-induced precursors of tonic-to-bursting transitions in hypothalamic neurons and in a conductance-based model. Braun, Hans A.; Schwabedal, Justus; Dewald, Mathias; Finke, Christian; Postnova, Svetlana; Huber, Martin T.; Wollweber, Bastian; Schneider, Horst; Hirsch, Martin C.; Voigt, Karlheinz; Feudel, Ulrike; Moss, Frank // Chaos;Dec2011, Vol. 21 Issue 4, p047509
The dynamics of neurons is characterized by a variety of different spiking patterns in response to external stimuli. One of the most important transitions in neuronal response patterns is the transition from tonic firing to burst discharges, i.e., when the neuronal activity changes from single...