We develop a model in which investors can participate in stock, bond and housing markets.
Investors' market entry decisions are subject to herding effects and depend on the markets' …

This paper is devoted to the analysis of the formation the taxable profit, in particular, sources
of profit and financial resources. It is shown that in the current conditions, in the composition …

This study explores the nuanced impact of windfall taxes on market equilibrium, introducing
an innovative approach within the Cournot oligopoly framework. The paper uses the 0–1 test …

The boundedly rational heterogeneous agent literature can be considered to have properly
started with a number of contributions in the early 90s, with the impressive contribution by …

We present results from the first laboratory experiment on the seminal heuristic switching
model introduced by Brock and Hommes (1997, 1998). Subjects choose between two …

It takes time to produce commodities, and different production technologies may take
different lengths of time. Suppose that firms may switch between different production …

We propose a novel housing market model to explore the effectiveness of rent control. Our
model reveals that the expectation formation and learning behavior of boundedly rational …

Based on a behavioral stock-flow housing market model in which the expectation formation
behavior of boundedly rational and heterogeneous investors may generate endogenous …

We develop a simple agent-based financial market model in which speculators' market entry
decisions are subject to herding behavior and market risk. In addition, speculators' orders …

This paper extends Matsuyama's endogenous credit cycle model to account for recent
findings on the role of credit market sentiments. The benchmark model uses a parsimonious …