In this paper we study the adaptive rational equilibrium dynamics in a simple asset pricing model introduced by Brock and Hommes (System Dynamics in Economic and Financial Models, Wiley, Chichester, 1997, pp. 3}44; Journal of Economic Dynamics and Control, 22, 1998, 1235}1274). Traders have heteroge
Review article : Effort fluctuations in a harvest model with random prices
โ Scribed by Dennis Ryan
- Publisher
- Elsevier Science
- Year
- 1989
- Tongue
- English
- Weight
- 77 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0895-7177
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โฆ Synopsis
Mathematical and Computer Modelling Reports
The integrated Computer-Aided Modeling and Planning (CAMP) system offers a simple and coherent tool for the planner. A Data Definition Language provides the means for building data banks; a Model Definition Language provides the means for defining mathematical models featuring abstract linear programming, advanced array arithmetics, and assertions; a Picture Definition Language facilitates formation of tables and diagrams; a Text Definition Language combines word processing with illustrations of modeling results. The man-machine interface is based on interactive panels for controlling the planning process and on a command language for analyzing modeling results. A multilingual capability allows selection of the national language for interfacing with the system.
The architecture of CAMP is presented, and its design, implementation, and use in regional planning are discussed.
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