#heterogeneous agents
4 papers match
Explaining the Macroeconomic Inertia Puzzle
Michael Cai
The paper shows that standard heterogeneous‑agent macro models can generate sluggish aggregate consumption responses without habit preferences by using survey‑based expectations, a…
ANet Patu-1: The Value of Connection in the Agent Network
Mu Yuan, Jinke Song, Zhaomeng Zhou +1
The paper studies how the value of a network of AI agents depends on the way they connect, proposes a self‑organizing consensus protocol (ANet Patu‑1) that adapts to different scal…
Mean-Field Price Formation on Trees with Multi-Population and Non-Rational Agents
Masaaki Fujii
The paper develops a mean‑field game model on a binomial tree to derive explicit equilibrium stock price dynamics, allowing for heterogeneous agent populations, stochastic liabilit…
Screening with tolls and damages
Filip Tokarski
The paper studies how a welfare‑maximizing planner can allocate two goods using two screening tools—tolls (costs unrelated to agents' values) and damages (costs that rise with agen…