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 ...

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 ...

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, ...

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 ...

In October 2024, the Royal Swedish Academy of Sciences in Stockholm announced that the Nobel Prize in Economics was awarded to three economists who studied why some countries are rich while others ...

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 ...

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 ...

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 ...

Is climate change a crisis demanding immediate aggressive action to smash down carbon emissions, or is it an annoying inconvenience that can be dealt with slowly over decades? Most climate scientists ...

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 ...