Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Modeling of technological change has been a major empirical and analytical problem for many years. One approach to modeling technology is learning or experience curves, which originated in techniques ...

International offsets play a central role in the cost containment strategies of both the Clean Energy and Security Act of 2009 (H.R. 2454), proposed by Congressmen Waxman and Markey and passed by the ...

The Nobel Memorial Prize in Economic Science was awarded today to two scholars who revolutionized the technique of statistically modeling national economies, stock markets, and other complex systems ...

This article appears in the April 2023 issue of The American Prospect magazine. Subscribe here. Economics is commonly described as the science of scarcity. We have limited resources, and we have to ...

Pollution from manufacturing is now widespread, affecting all regions in the world, with serious ecological, economic, and political consequences. Heightened public concern and scrutiny have led to ...

This is a guest contribution to our debate: Should the West worry about the threat to liberal values posed by China's rise? China has delivered some of the most outstanding economic growth the world ...

With increasing public awareness of crises associated with degraded environments and mounting pressure to act, governments worldwide have begun to examine environmentally sustainable policies. However ...