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 ...

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, ...

As companies shift critical AI workloads toward owned or more controlled infrastructure, several accounting dynamics may ...

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 ...

Using a microsimulation approach, this study modeled the potential multiyear health and economic benefits of participating in cardiometabolic virtual-first care programs. Objectives: This study ...

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 ...

New economic modeling shows that there is a near certainty that the economy will enter a recession within the next year. The news comes as the Federal Reserve continues its most aggressive tightening ...

Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.

Use of hēRo3℠ Platform by Drug Pricing Watchdog Following Conclusion of Pilot Transparency Initiative Confirms ICER’s Commitment to Cloud-Based Tools ICER, which is best known as the nation’s ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

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 ...