标题：
Modeling systematic technology adoption: Can one calibrated representative agent represent heterogeneous agents?
点击次数：
所属单位：
经济与管理学院
发表刊物：
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
关键字：
Energy Systematic technology adoption Technological learning Simulation Heterogeneous agents
摘要：
This paper explores whether a well-calibrated representative-agent model can represent the heterogeneous-agent model in terms of new technology's adoption. Through two types of heterogeneous-agent model, i.e., the cooperative heterogeneous-agent model and the independent heterogeneous-agent model, this paper first illustrates that cooperation among heterogeneous agents plays an important role in the adoption of new technology. After that, this paper examines whether a well-calibrated representative-agent model reacts differently from the heterogeneous-agent model in terms of new technology's adoption under different policy interventions. Compared to the heterogeneous agents' aggregate behavior, the calibrated representative agent tends to overreact when the investment cost, risk attitude, and level of carbon tax vary. When the market size changes, however, the calibrated representative agent reacts almost the same as the heterogeneous agents' aggregate behavior. (C) 2018 Elsevier Ltd. All rights reserved.
ISSN号：
0305-0483
是否译文：
否
发表时间：
2019-12-01
合写作者：
Zhou, P.
通讯作者：
陈华忆
发表时间：
2019-12-01
学位：理学博士学位
职称：讲师
所在单位：经济与管理学院