Publications

Below we list the scientific publications of GENED members since 2013

Journals 2024

Mestre Garcia C., Savin, I., and van den Bergh, J.(2024) The nexux of COVID-19 and climate change: a literature review, Journal of Economics and Statistics, forthcoming link

Foramitti, J., Savin, I., and van den Bergh, J. (2024) How carbon pricing affects human needs: An agent-based model analysis, Ecological Economics, 217:108070 link

Savin, I., Drews, S., and van den Bergh, J.(2024) Carbon Pricing - Strengths, Weaknesses and Knowledge Gaps according to a Global Survey, Environmental Research Letters, 19 024014 link

Torren Peraire D., Savin, I., and van den Bergh, J.(2024) An agent-based model of cultural change for a low-carbon transition, Journal of Artificial Societies and Social Simulation, 27(1):13 link

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Journals 2023

Baumann, M.H., Baumann, M., and Herb, B. (2023) Exchange-Traded Funds, Heterogeneous Agents, and Financial Stability, Indian Journal of Finance and Economies, 4(1):73-120 link

Cantner, U., Inoue, H., Savin, I. and Vannucchini, S.(2023) Peer effects in productivity and diffrential growth: a global value chain perspective, Industrial and Corporate Change (forthcoming) link

Savin, I. (2023) Evolution and recombination of topics in Technological Forecasting and Social Change, Technological Forecasting and Social Change, 194: 122723 link

Savin, I., Creutzig, F., Filatova, T., Foramitti, J., Konc, T., Niamir, L., Safarzynska, K., and van den Bergh, J. (2023) agent-based modeling to integrate elements from different disciplines for ambitious climate policy, WIREs Climate Change 14(2): e811 link

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Journals 2022

Alfarano, S., Milakovic, M., Mundt, Ph. (2022) Survival and the Ergodicity of Corporate Profitability, Management Science, Volume 68, Issue 5 link

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Baumann, M.H., Baumann, M., Grüne, L., Herz, B. (2022) Market Structure and Instability Artifacts in Heterogeneous Agent Models: Lessons from Implicit Discretizations of Stiff Equations. Comput Econ (2022) link

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Dieci, R., Gardini, L. and Westerhoff, F. (2022) On the destabilizing nature of capital gains taxes, International Review of Financial Analysis, Vol 83, Article 102258 link

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Gardini, L, Radi, D., Schmitt, N., Sushko, I. and Westerhoff, F. (2022): Causes of fragile stock market stability, Journal of Economic Behavior and Organization, Vol. 200, 483-498 link

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Konc, T., Drews, S., Savin, I. and van den Bergh, J. (2022): Co-dynamics of climate policy stringency and public support, Global Environmental Change 74:102528 link

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Martin, C., Schmitt, N. and Westerhoff, F. (2022): Housing markets, expectations formation and interest rates, Macroeconomic Dynamics, Vol. 26, 491-532 link

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Savin, I.(2022) Drivers of productivity change in global value chains: Reallocation vs. innovation, Economic Letters, 220: 110878, 2022 link

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Savin, I., Chukavina K., Pushkarev A. (2022): Topic-based classification and identification of global trends for startup companies, Small Business Economics, forthcoming link

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Savin, I., Drews, S., van den Bergh, S. and Villamayor, S. (2022): Public expectations about the impact of COVID-19 on climate action by citizens and government, PLOS One 17 (6), e0266979 link

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Savin, I., Ott, I. and Konop, C. (2022): Tracing the evolution of service robotics: Insights from a topic modeling approach, Technological Forecasting and Social Change 174: 121280 link

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Savin, I. and Teplyakov, N. (2022): Topics of the nationwide phone-ins with Vladimir Putin and their role for public support and Russian economy, Information Processing & Management 59(5):103043 link

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Savin, I. and Teplyakov, N. (2022): Insights on main research directions in Economy of Regions using methods from computational linguistics, Economy of Regions 18(2):338-352 link

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Schmitt, N. and Westerhoff, F. (2022): Speculative housing markets and rent control: insights from nonlinear economic dynamics, Journal of Economic Interaction and Coordination, Vol. 17, 141-163 link

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Dieci, R., Mignot, S. and Westerhoff, F. (2022): Production delays, technology choice and cyclical cobweb dynamics. Chaos, Solitons and Fractals, Vol. 156, Article 111796 link

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Journals 2021

Foramitti, J., Savin, I. and van den Bergh, J. (2021): Regulation at the source? Comparing upstream and downstream climate policies, Technological Forecasting and Social Change 172:121060 link

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Foramitti, J., Savin, I. and van den Bergh, J. (2021): Emission tax vs. permit trading under bounded rationality and dynamic markets, Energy Policy 148(B):112009 link

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Gardini, L., Schmitt, N., Sushko, I., Tramontana, F. and Westerhoff, F. (2021): Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps, Journal of Difference Equations and Applications, Vol. 27, 557-578 link

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Konc, T., Savin, I. and van den Bergh, J. (2021): The social multiplier of environmental policy: application to carbon taxation, Journal of Environmental Economics and Management, 105:102396 link

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Martin, C., Schmitt, N. and Westerhoff, F. (2021): Heterogeneous expectations, housing bubbles and tax policy, Journal of Economic Behavior and Organization, Vol. 183, 555 - 573

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Mignot, S., Tramontana, F. and Westerhoff, F. (2021): Speculative asset price dynamics and wealth taxes, Decisions in Economics and Finance, Vol. 44, 641-667 link

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Mundt, Ph. (2021) The formation of input-output architecture: Evidence from the European Union, Journal of Economic Behavior and Organization, Volume 183 link

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Panchuk, A. and Westerhoff, F. (2021): Speculative behavior and chaotic asset price dynamics: on the emergence of a bandcount accretion bifurcation structure, Discrete and Continuous Dynamical Systems Series B, Vol. 26, 5941-5964 link

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Savin, I. (2021): On optimal regimes of knowledge exchange: A model of recombinant growth and firm networks, Journal of Economic Interaction and Coordination 16(3): 497-527 link

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Savin, I., Drews, S. and van den Bergh, J. (2021): Free associations of citizens and scientists with (green) economic growth: A computational linguistics analysis, Ecological Economics, 180: 106878 link

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Savin, I., Drews, S. and van den Bergh, J. (2021): GEM: A short “Growth-vs-Environment" Module for survey research, Ecological Economics 187: 107092 link

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Savin, I., Drews, S. and van den Bergh, J. (2021): Free associations of citizens and scientists with (green) economic growth: A computational linguistics analysis, Ecological Economics, 180: 106878 link

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Savin, I. and van den Bergh, J. (2021): Main topics in EIST during its first decade: A computational-linguistic analysis, Environmental Innovation and Societal Transition, 41:10-17 link

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Schmitt, N., Schwartz, I. and Westerhoff, F. (2021): Heterogeneous speculators and stock market dynamics: a simple agent-based computational model, The European Journal of Finance, in press link

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Schmitt, N. and Westerhoff, F. (2021): Pricking asset market bubbles, Finance Research Letters, 38, 101441 link

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Schmitt, N. and Westerhoff, F. (2021): Trend followers, contrarians and fundamentalistes: explaining the dynamics of financial markets, Journal of Economic Behavior and Organization, Vol. 192, 117-136 link

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Journals 2020

Blueschke D., I. Savin and V. Blueschke-Nikolaeva, An evolutionary approach to passive learning in optimal control problems, Computational Economics, forthcoming link

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Castro J., Drews S., Exadaktylos F., Foramitti J., Klein F., Konc T., Savin I. and van den Bergh J., A Review of Agent-based Modelling of Climate-Energy Policy, WIREs Climate Change, forthcoming link

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Lines, M., Schmitt, N. and Westerhoff, F. (2020): Stability conditions for three-dimensional maps and their associated bifurcation types, Applied Economics Letters, Vol. 27, 1056-1060 link

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Mundt, Ph., Alfarano, S. Milakovic, M. (2020) Exploiting Ergodicity in Forecasts of Corporate Profitability, Journal of Economic Dynamics and Control, Volume 111 link

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Savin, I., Drews, S., Mestre-Andrés, S. and van den Bergh, J. (2020): Public views on carbon taxation and its fairness: A computational-linguistics analysis, Climatic Change, 162: 2107–2138 link

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Schmitt, N., Tramontana, F. and Westerhoff, F. (2020): Nonlinear asset-price dynamics and stabilization policies, Nonlinear Dynamics, Vol. 102, 1045-1070 link

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Journals 2019

Baumann, Michael, Baumann, Michaela, Erler, A. (2019) Limitations of Stabilizing Effects of Fundamentalists: Facing Positive Feedback Traders, Eonomics E Journal, Nr. 2019-44 link

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Canter, U., Savin, I., Vannuccini, S. (2019) Replicator dynamics in value chains: Explaining some puzzles of market selection, Industrial and Corporate Change, forthcoming link

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d'Andria, D. (2019), "Tax Policy and Entrepreneurial Entry with Information Asymmetry and Learning," International Tax and Public Finance (forthcoming) ____________________________________________________________________________________________________

d’Andria D. and I. Savin, A Win-Win-Win? Motivating innovation in a knowledge economy with tax incentives, Technological Forecasting and Social Change link

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Dawid, H., Harting, Ph., Neugart, M., Hoog, Sander van der (2019) Macroeconomics with heterogeneous agent models: fostering transparency, reproducibility and replication, Journal of Evolutionary Economics, 29 (1), pp. 467-538, Springer, DOI: 10.1007/s00191-018-0594-0

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Dawid, H., van der Hoog, S. (2019) Bubbles, Crashes and the Financial Cycle: Insights from a Stock-Flow Consisten Agent-Based Macroeconomic Model, Macroeconomics Dynamics, 23, 1205-1246. link

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Dawid, H., Huberts, N., Huisman, K., Kort, P. (2019) Entry Deterrence by Timing Rather than Overinvestment in a Statistic Real Options Framework, European Journal of Operational Research, 274, 165 - 185 link

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Dawid, H., Harting, Ph., van der Hoog, S. (2019) Manager Remuneration, Share Buybacks and Firm Performance', forthcoming in Industrial and Corporate Change ____________________________________________________________________________________________________

Dawid, H. (2019), Potential, Erfolge und Herausforderungen der Agenten-basierten Modellierung in den Wirtschaftswissenschaften, forthcoming in List Forum (in german) ____________________________________________________________________________________________________

D'Orazio, P. (2019). Income inequality, consumer debt, and prudential regulation: An agent-based approach to study the emergence of crises and financial instability. Economic Modelling link

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Franke, R. and Westerhoff, F. (2019) Different Compositions of Animal Spirits and Their Impact on Macroeconomic Stability. Economic Modelling, Vol. 76, 117-127 link

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Konc T. and I. Savin, Social reinforcement with weighted interactions, Physical Review E 100: 022305 link

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Martin, C. and Westerhoff, F. (2019) Regulation speculative housing markets via public housing construction programs: Insights from a heterogeneous agent model. Jahrbücher für Nationalökonomie und Statistik (Journal of Economics and Statistics), in press. ____________________________________________________________________________________________________

Mundt, Ph., Oh, I.(2019) Asymmetric Competition, risk, and return distribution, Economic Letters, volume 179, 29 - 32 link

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Schmitt, N. and Westerhoff, F. (2019) Short-run momentum, long-run mean reversion and excess volatility: an elementary housing model. Economics Letters, Vol. 176, 43-46 link

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van den Bergh J., I. Savin and S. Drews, Evolution of opinions in the growth-vs-environment debate: Extended replicator dynamics, Futures 109:84-100 link

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van den Bergh, J., Drews, S., Savin. I. (2019) Opinion dynamics in the growth-vs-environment debate, Futures, forthcoming link

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Journals 2018

Blaurock, I., Schmitt, N. and Westerhoff, F. (2018): Market entry waves and volatility outbursts in stock markets. Journal of Economic Behavior and Organization link

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Dawid, H., Harting, P., Neugart, M. (2018) Fiscal transfers and regional economic growth, Review of International Economics 26, 651-671 link

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Dawid, H., Harting, P., Neugart, M. (2018) Cohesion Policy and Inequality Dynamics: Insights from a Heterogeneous Atents Macroeconomic Model, Journal of Economic Behaviour and Organization 150, 220-255 link

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Dieci, R., Schmitt, N. and Westerhoff, F. (2018) Steady states, stability and bifurcations in multi-asset market models. Decisions in Economics and Finance, Vol. 41, 357-378 link

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Dieci, R., Schmitt, N. and Westerhoff, F. (2018) Interactions between stock, bond and housing markets. Journal of Economic Dynamics and Control, Vol. 91, 43-70 link

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D’Orazio, P., & Valente, M. (2018). The role of finance in environmental innovation diffusion: an evolutionary modeling approach. Journal of Economic Behavior & Organization link

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Korzinov, V., Savin, I. (2018) General Purpose Technologies as an Emergent Property, Technological Forecasting and Social Change 129: 88-104 link

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Panchuk, A., Sushko, I. and Westerhoff, F. (2018) A financial market model with two discontinuities: bifurcation structures in the chaotic domain. Chaos, Vol. 28, Article 055908 link

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Schmitt, N., Tuinstra, J. and Westerhoff, F. (2018): Stability and welfare effects of profit taxes within an evolutionary market interaction model. Review of International Economics, Vol. 26, 691-708 link

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Schmitt, N. and Westerhoff, F. (2018): Evolutionary competition and profit taxes: market stability versus tax burden. Macroeconomic Dynamics, Vol. 22, 2007-2031 link

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van der Hoog, S. (2018). The Limits to Credit Growth: Mitigation Policies and Macroprudential Regulations to Foster Macrofinancial Stability and Sustainable Debt. Computational Economics, 52(3), 873-920 link

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Westerhoff, F. and Franke, R. (2018): Agent-based models for economic policy design: two illustrative examples. In: Chen, S.-H., Kaboudan, M. and Du, Y.-R. (eds.) The Oxford Handbook of Computational Economics and Finance. Oxford University Press, Oxford, 520-558 link

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Journals 2017

Colombo, L., Dawid, H., Piva, M., Vivarelli, M. (2017) Does Easy Start-Up Formation Hamper Incumbents R&D Investment? Small Business Economics 49(3): 513-531 link

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Dawid, H., Harting, P., Neugart, M., van der Hoog, S. (2017) A Heterogeneous Agent Macroeconomic Model for Policy Evaluation: Improving Transparency and Reproducibility, Journal of Evolutionary Economics link

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Dawid, H., Zou, B. (2017) 'Foreign Direct Investment with Endogeneous Technology Choice' Pacific Economic Review link

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Dawid, H., Decker, R., Herrmann, T., Jahnke, H., Klat, W., König, R., Stummer, C. (2017) 'Management Science in the Era of Smart Consumer Products: Challenges and Research Perspectives' Central European Journal of Operations Research 25(1): 203-230 link

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D'Orazio, P. (2017) Big Date and Complexity: Is Macroeconomics Heading Toward a New Paradigm? Journal of Economic Methodology link

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Franke, R. and Westerhoff, F. (2017): Taking stock: a rigorous modelling of animal spirits in macroeconomics. Journal of Economic Surveys, Vol. 31, 1152-1182 link

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Flaschel, P., Charpe, M., Galanis, G., Proano, C.R., Veneziani, R. (2017), Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics, Journal of Economicc Dynamics and Control (forthcoming) link

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Herrmann J.K. and I. Savin, Optimal Policy Identification: Insights from the German Electricity Market, Technological Forecasting and Social Change (forthcoming) link

____________________________________________________________________________________________________ Kato, M., Proaño, C. R., Semmler, W. (2017) Does International Reserves Targeting Decrease the Vulnerability to Capital Flights? Research in International Business and Finance link

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Menden, C. & C.R. Proaño (2017) Dissecting the Financial Cycle with Dynamic Factor Models. Quantitative Finance link

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Proaño, C. R. (2017), Detecting and Predicting Economic Accelerations, Recessions, and Normal Growth Periods in Real-Time. Journal of Forecasting, 36(1), 26-42 link

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Schmitt, N., Tuinstra, J., and Westerhoff, F. (2017) Stability and Welfare Effects of Profit Taxes within an Evolutuionary Market Interaction Model, Review of International Economics (in press) link

____________________________________________________________________________________________________ Schmitt, N., Tuinstra, J. and Westerhoff, F. (2017) Market interactions, endogenous dynamics and stabilization policies. In: Commendatore, P., Kubin, I., Bougheas, S., Kirman, A., Kopel, M., and Bischi, G.I (eds.) The Economy as a Complex Spatial System. Springer, Berlin, 137-152. link

____________________________________________________________________________________________________ Schmitt, N., Tuinstra, J. and Westerhoff, F. (2017): Side effects of nonlinear profit taxes in a behavioral market entry model: abrupt changes, coexisting attractors and hysteresis problems. Journal of Economic Behavior and Organization, Vol. 135, 15-38. link

____________________________________________________________________________________________________ Schmitt, N. and Westerhoff, F. (2017): On the bimodality of the distribution of the S&P 500's distortion: empirical evidence and theoretical explanations. Journal of Economic Dynamics and Control, Vol. 80, 34-53 link

____________________________________________________________________________________________________ Schmitt, N. and Westerhoff, F. (2017): Herding behaviour and volatility clustering in financial markets. Quantitative Finance, Vol. 17, 1187-1203 link

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Strohsal, Proano, C.R., Wolters, J. (2017) Assessing the Cross-Country Interaction of Financial Cycles: Evidence from a Multivariate Spectral Analysis of the US and the UK. Empirical Economics, forthcoming. link

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Journals 2016

Akyol, M.(2016) Do educational vouchers reduce inequality and inefficiency in education?, Economics of Education Review, 55, 149-167 link

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Bask, M. & C. R. Proaño (2016), Optimal Monetary Policy under Learning and Structural Uncertainty in a New Keynesian Model with a Cost Channel and Inflation Inertia. Journal of Economic Dynamics and Control 69, 112-126, Aug. link

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Colombo, L. u. Dawid, H. (2016) 'Complementary Assets, Start-Ups and Incentives to Innovate', International Journal of Industrial Organization 44, 177-190 link

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Dawid, H., Decker, R., Hermann, T., Jahnke, H., Klat W., König, R., Stummer C. (2016) 'Management Science in the Era of Smart Consumer Products: Challenges and Research Perspectives', Central European Journal of Operations Research (accepted) link

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Dieci, R. and Westerhoff, F. (2016): Heterogeneous expectations, boom-bust housing cycles, and supply conditions: a nonlinear dynamics approach. Journal of Economic Dynamics and Control, Vol. 71, 21-44 link

____________________________________________________________________________________________________ Franke, R. and Westerhoff, F. (2016): Why a simple herding model may generate the stylized facts of daily returns: explanation and estimation. Journal of Economic Interaction and Coordination, Vol. 11, 1-34 link

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Mandes, A. and Winker, P. (2016) 'Complexity and model comparison in agent based modeling of financial markets', Journal of Economic Interaction and Coordination. DOI 10.1007/s11403-016-0173-0 link

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Mundt, P., Milakovic, M. and Alfarano, S. (2016): Gibrat’s Law Redux - Think Profitability Instead of Growth, Industrial and Corporate Change 25(4): 549-571 link

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Savin, I., Egbetokun, A., Emergence of innovation networks from R&D cooperation with endogenous absorptive capacity, Journal of Economic Dynamics and Control, 64, p. 82 - 103 link

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Schmitt, N. and Westerhoff, F. (2016): Evolutionary competition and profit taxes: market stability versus tax burden. Macroeconomic Dynamics (in press) link

____________________________________________________________________________________________________ Schmitt, N. and Westerhoff, F. (2016): Stock market participation and endogenous boom-bust dynamics. Economics Letters, Vol. 148, 72-75 link

____________________________________________________________________________________________________ Tramontana, F. and Westerhoff, F. (2016): Piecewise-linear maps and their application to financial markets. Frontiers in Applied Mathematics and Statistics, Vo. 2, Article 10. link

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Journals 2015

Akyol, M., Neugart, M., and Pichler, S. (2015) 'A tradable employment quota' Labour Economics, 36, 48-63 link

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Charpe, M., Flaschel, P., Krolzig, H.-M. Proaño, C. R., Semmler, W. & D. Tavani (2015), Credit-Driven Investment, Labor Market Heterogeneity and Macroeconomic Dynamics, Journal of Economic Interaction and Coordination, 10(1), 163-181 link

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Dawid, H. and Muehlheusser, G. (2015) 'Repeated Selection with Heterogenous Individuals and Relative Age Effects', Journal of Economic Behavior and Organization, 116, 387-406. link

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Dawid, H., Keoula, M., Kopel, M., and Kort, P.M. (2015) 'Product Innovation Incentives by an Incumbent Firm: A Dynamic Analysis', Journal of Economic Behavior and Organization, 117, 411-438.link

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Fischer, Th. Market Structure and Rating Strategies in Credit Rating Markets – A Dynamic Model with Matching of Heterogeneous Bond Issuers and Rating Agencies, Journal of Banking and Finance, 58(0), p. 39-56 link

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Flaschel, P., Hartmann, F., Malikane, C. & C.R. Proaño (2015), A Behavioral Macroeconomic Model of Exchange Rate Fluctuations with Complex Market Expectations Formation. Computational Economics, 45(4), 669-691, Apr. link

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Fricke, D. and Lux, Th. (2015) Core-Periphery Structure in the Overnight Money Market: Evidence from the e-MID Trading Platform, Computational Economics 45, 2015, 359-395 link

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Livan, G., Alfarano, S., Milakovic, M. and Scalas, E. (2015): A spectral perspective on excess volatility, Applied Economics Letters 22(9) link

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Lux, Th. (2015) Emerge of a Core-Periphery Structure in a Simple Dynamic Model of the Interbank Market, Journal of Economic Dynamics and Control 52, 2015, A11-A23 link

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Mandes, A.(2015) Microstructure-based order placement in a continuous double auction agent based model, Algorithmic Finance 4:3-4, 105–125. DOI: 10.3233/AF-150049 link

____________________________________________________________________________________________________ Schmitt, N. and Westerhoff, F. (2015): Managing rational routes to randomness. Journal of Economic Behavior and Organization, Vol. 116, 157-173 link

____________________________________________________________________________________________________ Sushko, I., Tramontana, F., Westerhoff, F. and Avrutin, V. (2015): Symmetry breaking in a bull and bear financial market model. Chaos, Solitons and Fractals, Vol. 70, 57-72 link

____________________________________________________________________________________________________ Tramontana, F., Westerhoff, F. and Gardini, L. (2015): A simple financial market model with chartists and fundamentalists: market entry levels and discountinuities. Mathematics and Computers in Simulation, Vol. 108, 16-40. link

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Journals 2014

Colombo, L. and Dawid, H. (2014), 'Strategic Location Choice Under Dynamic Oligopolistic Competition and Spillovers', Journal of Economic Dynamics and Control, 48, 288–307. link

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Dawid, H. and Gemkow, S. (2014), 'How do social networks contribute to wage inequality? Insights from an agent-based analysis', Industrial and Corporate Change, 23,1171-1200. link

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Dawid, H., Harting, P., and Neugart, M. (2014): Economic convergence: Policy implications from a heterogeneous agent model, Journal of Economic Dynamics & Control, 44, 54-80 link

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Dawid, H. and Heitmann, D. (2014), 'Best Response Dynamics with Level-n Expectations in Two-Stage Games', Journal of Economic Dynamics and Control, 41, 130-153. link

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Dawid, H. and Hellmann, T. (2014), 'The Evolution of R&D Networks', Journal of Economic Behavior and Organization, 105, 158-172. link

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Fischer, T. and Riedler, J. (2014): Prices, debt and market structure in an agent-based model of the financial market, Journal of Economic Dynamics and Control, 48, 95-120 link

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Franke, R. and Westerhoff, F. (2014): Why a simple herding model may generate the stylized facts of daily returns: explanation and estimation. Journal of Economic Interaction and Coordination, 11, issue 1, 1 - 34 link

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Holcombe, M., Coakley, S., Kiran, M., Chin, S., Greenough, C., Worth, D., Cincotti, S., Raberto, M., Teglio, A., Deissenberg, C., van der Hoog, S., Dawid, H., Gemkow, S., Harting, P. and Neugart, M. (2013): Large-Scale Modeling of Economic Systems, Complex Systems, 22, 175-191 link

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Liu, R., Lux, Th. (2014): Non-Homogeneous Volatility Correlations in the Bivariate Multifractal Model link

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Lux, Th., Morales-Arias, L. and Sattarhoff, C. (2014) Forecasting Daily Variations of Stock Index Returns with a Multifractal Model of Realized Volatility, Journal of Forecasting 7, 2014, 532-541 link

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Mundt, P., Förster, N., Alfarano, S., Milakovic, M. (2014): The real versus the financial economy: a global tale of stability versus volatility, E-conomics: The Open-Access, Open-Assessment E-Journal, 8(2014-17) link

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Proaño, C. R., Schoder, C.& W. Semmler (2014), Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions. Journal of International Money and Finance 45, 17-37 link

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Proaño, C. R. & T. Theobald (2014), Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator. International Journal of Forecasting 30, 898-917 link

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Schmitt, N. and Westerhoff, F. (2014): Speculative behavior and the dynamics of interacting stock markets. Journal of Economic Dynamics and Control, Vol. 45, 262-288 link

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Tramontana, F., Westerhoff, F. and Gardini, L. (2014): A simple financial market model with chartists and fundamentalists: market entry levels and discontinuities. Mathematics and Computers in Simulation, in press link

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Tramontana, F., Westerhoff, F. and Gardini, L. (2014): One-dimensional maps with two discontinuity points and three linear branches: mathematical lessons for understanding the dynamics of financial markets. Decisions in Economics and Finance, Vol. 37, 27-51 link

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Journals 2013

Alfarano, S., Milakovic, M., Raddant, M. (2013): A note on institutional hierarchy and volatility in financial markets, The European Journal of Finance, 19(6), pp. 449-465 link

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Dawid, H., Kopel, M and Kort, P.M. (2013), 'R&D Competition versus R&D Cooperation in Oligoplistic Markets with Evolving Structure', International Journal of Industrial Organization, 31, 527-537. link

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Dieci, R. and Westerhoff, F. (2013): On the inherent instability of international financial markets: natural nonlinear interactions between stock and foreign exchange markets. Applied Mathematics and Computation, Vol. 221, 306-328 link

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Fischer, T. (2012): News Reaction in Financial Markets within a Behavioral Finance Model with Heterogeneous Agents, Algorithmic Finance 1(2), 123-139 link

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Lux, Th. and Morales-Arias, L. (2013) Relative Forecasting Performance of Volatility Models: Monte Carlo Evidence, Quantitative Finance 13, 2013, 1375-1394 link

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Milakovic, M., Alfarano, S. and Lux, T. (2013): The small core of the German corporate board network: new evidence from 2010, Complexity Economics, 2(1), pp. 7-21, 2013 link

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Proaño, C. R. (2013), Monetary Policy Rules and Macroeconomic Stabilization in Small Open Economies under Behavioral FX Trading: Insights from Numerical Simulations. The Manchester School 81(6), 992-1011, Dec. link

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Schoder, C., Proaño, C. R. & W. Semmler (2013), Are the current account imbalances in EMU countries sustainable? Evidence from parametric and non-parametric tests. Journal of Applied Econometrics 28(7), 1179-1204, Nov.-Dec. link

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Tramontana, F., Westerhoff, F. and Gardini, L. (2013): The bull and bear market model of Huang and Day: Some extensions and new results. Journal of Economic Dynamics and Control, Vol. 37, 2351-2370 link

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Book Chapters 2021

Dawid, H., Harting, Ph., Neugart, M. (2021) The Role of (De-)Centralized Wage Setting for Industry Dynamics and Economic Growth: An Agent-Based Analysis with the Eurace@UnibiModel, Dynamic Analysis in Complex Economic Environments Essays in Honor of Christophe Deissenberg, pp. 205-230, Springer International Publishing, ISBN 978-3-030-42969-7, link

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Book Chapters 2018

Dawid, H. and D. Delli Gatti (2018), Agent-based Macroeconomics, in Hommes, C. and Lebaron, B. (Eds.) Handbook of Computational Economics, Vol. 4 - Heterogeneous Agent Models, Elsevier, Amsterdam, pp. 63-156 link

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Dawid, H., Gemkow, S., Harting, P., von der Hoog, S., Neugart, M. (2018) Agent-based Macroeconomic Modeling and POlicy Analyses: The Eurace@unibi Model, in: The Oxford Handbook of Computational Economics and Finance, edited by Shu-Heng Chen, Mak Kaboudan, and Ye-Rong Du; Oxford University Press, Capter 17, 490-512 link

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Dawid, H., Hartl, R.F. and P.M. Kort (2018), 'Dynamic Models of the Firm with Green Energy and Goodwill', in Feichtinger, G., Kovacevic, R. and G. Tragler (Eds.), Control Systems and Mathematical Methods in Economics: Essays in Honor of Vladimir M. Veliov, Springer Lecture Notes in Economics and Mathematical Systems, pp. 279-296 link

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Neugart, M. and Richiardi, M. (2018) Agent-based Models of the Labor Market, in: The Oxford Handbook of Computatioal Economics and Finance, edited by Shu-Heng Chen, Mak Kaboudan and Ye-Rong Du, Oxford University Press, Chapter 22, 667-687 link

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Book Chapters 2017

Colombo, L. and H. Dawid (2017), A Dynamic Model of Firms Strategic Location Choice, in Commendatore, P., Kubin, I., Bougeas, S., Kirman, A., Kopel, M. and G.I. Bischi (Eds), The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives, Springer Proceedings in Complexity, pp. 159-177 link

Book Chapters 2016

Dawid, H.; Hartin, P., vander Hoog, S., Neugart, M.(2016) Public Policy from the Bottom Up Using Agent-Based Modeling: Ehe Eurace@Unibi Model, in: J. Arpe (Hrsg.), To the Man with a Hammer ... Bertelsmann Strifung, Gütersloh, 92-95

Book Chapters 2015

Ausloos, M., Dawid, H. and U. Merlone (2015), 'Spatial interactions in agent-based modeling', in P. Commendatore, S.S. Kayam and I. Kubin (Eds.), Complexity and Geographical Economics: Topics and Tools, Springer, pp. 353-377 link

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Dawid, H. (2015), 'Modeling the Economy as a Complex System', in B. Alves Furtado, P.A.M. Sakowski, M.H. Tovolli (Eds.), Modeling Complex Systems for Public Policies, IPEA, Brasilia, pp. 191-216.link

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Klabunde, A. (2015): Computational Economic Modeling of Migration, in: Shu-Heng Chen and Mak Kaboudan (editors): Oxford University Press Handbook on Computational Economics and Finance. Oxford University Press (forthcoming). ____________________________________________________________________________________________________

Book Chapters 2014

Dawid, H., Gemkow, S., Harting, P., van der Hoog, S. and Neugart, M. (2014), 'Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model', Bielefeld University Working Papers in Economics and Management No. 01-2014, forthcoming in Chen, S-H. and Kaboudan, M. (Eds.), Handbook on Computational Economics and Finance, Oxford University Press. link

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Roos, M. und Klabunde, A. (2014): Trust in a Network of Investors and Startup Entrepreneurs, in: Artifcial Economics and Self Organization, Springer International Publishing, 147-159. link

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Westerhoff, F. and Franke, R. (2014): Agent-based models for policy analysis: two illustrative examples. In: Chen, S.-H., Kaboudan, M. and Du, Y.-R. (eds.): OUP Handbook on Computational Economics and Finance. Oxford University Press, Oxford, in press link

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Book Chapters 2013

Dieci, R. and Westerhoff, F. (2013): Modeling house price dynamics with heterogeneous speculators. In: Bischi, G.I., Chiarella, C. and Sushko, I. (eds): Global Dynamics in Economics and Finance. Essays in Honour of Laura Gardini. Springer, Berlin, 35-61 link

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Fischer, T. (2013): Inequality and Financial Markets: A Simulation Approach in a Heterogeneous Agent Model, in Teglio, A., Alfarano, S., Camacho-Cuena, E., Gines-Vilar, M. (Eds.): Managing Market Complexity, The Approach of Artificial Economics, Lecture Notes in Economics and Mathematical Systems, Vol. 662, 79-90 link

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Tramontana, F. and Westerhoff, F. (2013): One-dimensional discontinuous piecewise-lin ear maps and the dynamics of financial markets. In: Bischi, G.I., Chiarella, C. and Sushko, I. (eds): Global Dynamics in Economics and Finance. Essays in Honour of Laura Gardini. Springer, Berlin, 205-227 link

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Working Papers 2019

Hötte, K. (2019) How to Accelerate Green Technology Diffusion? An Agent-Based Approach to Directed Technological Change with Coevolving Absortive Capacity, Bielefeld Working Papers in Economics and Management No. 1-2019 link

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Working Papers 2017

Dawid, H., van der Hoog, S.(2017), 'Bubbles, Crashes and the Financial Cycle: Insights from a Stock-Flow Consistent Agent-Based Macroeconomic Model, Bielefeld Working Papers in Economics and Managment No. 01-2015. link

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Working Papers 2016

Dawid, H., Hellmann, T.(2016), 'R&D Investments Under Endogeneous Cluster Formation', Bielefeld Working Papers in Economics and Managment No. 04-2016. link

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Dawid, H., Harting, Ph., Neugart, M.(2016), 'Fiscal Transfers and Regional Economic Growth', Bielefeld Working Papers in Economics and Managment No. 09-2016. link

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Dawid, H., Keoula, M.Y., Kopel, M., Kort, P.(2016), 'Capacity Investment and Product Innovation Leadership', (unpublished)

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Dawid, H., Keoula, M.Y., Kort, P.M.(2016), 'Numerical Analysis of Markov-Perfect Equilibria with Multiple Stable Steady States: A Duopoly Application with Innovative Firms', Bielefeld Working Papers in Economics and Managment No. 05-2016. link

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Dawid, H., Harting, Ph., van der Hoog, S., Neugart, M.(2016), 'A Heterogneous Agent Macroeconomic Model for Policy Evaluation: Improving Transparency and Reproducibility', Bielefeld Working Papers in Economics and Managment No. 06-2016. link

Working Papers 2015

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d’Andria D. and I. Savin (2015) 'Motivating Innovation in a Knowledge Economy with Tax Incentives', Jena Economic Research Papers 2015 – 004 link

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Dawid, H. and van der Hoog, S. (2015) 'Bubbles, Crashes, and the Financial Cycle: Insights from a Stock-Flow Consistent Agent-Based Macroeconomic Model' (submitted), Bielefeld Working Papers in Economics and Management No. 01-2015 link

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Dawid, H., Huberts, NFD, Huismann, K., Kort, PM (2015) 'Entry Deterrence by Timing Rather than Overinvestment in a Strategic Real Options Framework' Bielefeld Working Papers in Economics and Management, No. 02-2015 link

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Mandes, A. and Winker, P. (2015) 'Complexity and Model Comparison in Agent-based Modeling of Financial Markets', MAGKS Discussion Paper Series No. 28-2015 link

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Working Papers 2014

p>Dawid, H., Keoula, M.Y., Kopel, M. and Kort, P.M. (2014), 'Product Innovation Incentives by an Incumbent Firm: A Dynamic Analysis', Bielefeld Working Papers in Economics and Managment No. 11-2014. link

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Kallimulina, L. and Schoebel, R. (2014), The J-Curve and Transaction Taxes: Insights from an Artificial Stock Market, forthcoming in Advances in Artificial Economics (Lecture Notes in Economics and Mathematical Systems), eds. F. Amblard et al link ____________________________________________________________________________________________________

Klabunde, A. (2014): Computational Economic Modeling of Migration, Ruhr Economic Pap ers 471, February 2014. link

Mandes, A.(2014) Order Placement in a Continuous Double Auction Agent Based Model, MAGKS Discussion Paper Series No. 43-2014 link

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Working Papers 2013

Dawid, H., Gemkow, S., Harting, P., van der Hoog, S. and Neugart, M. (2013), 'The Eurace@ Unibi Model: An Agent-Based Macroeconomic Model for Economic Policy Analysis', Working Paper, Bielefeld University. link

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Dawid, H., Harting, P. and Neugart, M. (2013), 'Cohesion Policy and Inequality Dynamics: Insights from a Heterogeneous Agents Macroeconomic Model', Bielefeld Working Papers in Economics and Managment No. 26-2013. link

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Finger, K., Fricke, D. and Lux, Th. (2013) Network Analysis of the e-MID Overnight Money Market: The informational Value of Diffrent Aggregation Levels for Intrinsic Dynamic Processes, Computational Management Science 10, 2013, 187-211 link

Fischer, T. (2012) Passive Investment Strategies and Financial Bubbles, Darmstadt Discussion Papers in Economics 212 link

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Hommes, C. and Lux, Th. (2013) Individual Expectations and Aggregate Behavior in Learning to Forecast Experiments, Macroeconomic Dynamics 17, 2013, 373-401 link

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Klabunde, A. (2013) How Much Should an Investor Trust the Startup Entrepreneur? A Network Model, Ruhr Economic Papers 450, November 2013. link

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Lux, Th. (2013) Inference for Systems of Stochastic Differential Equations from Discretely Sampled Data: A Numerical Maximum Likelihood Approach, Annals of Finance 9, 2013, 217 - 248 link

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Savin I. and A. Egbetokun (2013) Emergence of innovation networks from R&D cooperation with endogenous absorptive capacity, CEB Working Paper N° 13/022 link