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Emergence of distributed coordination in the Kolkata Paise Restaurant problem with finite information
(Elseveir, 2017)
In this paper, we study a large-scale distributed coordination problem and propose efficient adaptive strategies to solve the problem. The basic problem is to allocate finite number of resources to individual agents in the ...
Productivity dispersion and output fluctuations: an evolutionary model
(Elsevier B.V., 2017)
We develop a model of technology choice with search costs. Innovators develop technology of varying quality or productivity. Firms acquire technology after paying a search cost to find high productivity technology. The ...
Financial fluctuations anchored to economic fundamentals: a mesoscopic network approach
(Nature Research, 2017)
We demonstrate the existence of an empirical linkage between nominal financial networks and the underlying economic fundamentals, across countries. We construct the nominal return correlation networks from daily data to ...
Emergence of anti-coordination through reinforcement learning in generalized minority games
(Springer, 2017)
In this paper we propose adaptive strategies to solve coordination failuresin a prototype generalized minority game model with a multi-agent, multi-choiceenvironment. We illustrate the model with an application to large ...
Productivity differences and inter-state migration in the U.S.: a multilateral gravity approach
(Elsevier B.V., 2017)
In this paper, we study the quantitative role of productivity differences in explaining migration in presence of multiple destination choices. We construct a dynamic general equilibrium model with multi-region, multi-sector ...