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Heterogeneous Agents Model with the Worst Out Algorithm
efficient markets hypothesis fractal market hypothesis agents’ investment horizons
2009/7/17
Heterogeneous agents’ model with the stochastic beliefs formation is considered. Fundamentalists rely on their model employing fundamental information basis to forecast the next price period. Chartis...
INTERNATIONALMIGRATIONWITH HETEROGENEOUS AGENTS:THEORY AND EVIDENCE
International migration temporary migration panel coin- tegration. JEL code C23, C53, F22.
2014/6/26
Temporary migration, though empirically relevant, is often ignored in formal models. This paper proposes a migration model with hetero-geneous agents and persistent cross country income di®erenti...