We analyze the impact of different designs of COVID-19 related lockdown policies on economic loss and mortality using a micro-level simulation model, which combines a multi-sectoral closed economy with an epidemic transmission model. In particular, the model captures explicitly the (stochastic) effect of interactions between heterogeneous agents during different economic activities on virus transmissions. The […]
Author Archive | Alessandro Basurto, Herbert Dawid, Philipp Harting, Jasper Hepp and Dirk Kohlweyer
Being small at the right moment: Path dependence after a shift in the technological regime
This paper explores the impact of technological change on industry concentration and the underlying firm dynamics. In the agent-based model EURACE@Unibi I implement a paradigm shift in the technological frontier – a shift from a slow to a fast growing regime. The analysis shows that the acceleration in technological change causes a strong increase in […]
Distributional Effects of Technological Regime Changes: Hysteresis, Concentration and Inequality Dynamics
In this paper we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by more frequent respectively more substantial changes in the frontier technology compared to the […]
Economic and epidemic implications of virus containment policies: insights from agent-based simulations
This paper analyzes the implications of different designs of policies, which aim to contain the diffusion of the SARS-CoV-2 virus, with respect to induced economic loss and virus mortality. An agent-based simulation model is implemented and calibrated with German data, which combines the representation of a simple multi-sectoral closed economy with the explicit incorporation of […]
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