Herbert Dawid, Philipp Harting and Sander van der Hoog

Author Archive | Herbert Dawid, Philipp Harting and Sander van der Hoog


On the Impact of Manager Remuneration Schemes and Firm Ownership Structure on Short- and Long-term Investment Decisions: An Agent-based Analysis

Motivation and Main Features to be Captured by the Model We aim to study the impact of remuneration schemes on the decisions of firm managers concerning the amounts of long-term investment, which is expected to have a positive impact on the firm productivity and competitiveness in the long run, and financial short-term investment, in particular […]

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Manager Remuneration, Share Buybacks and Firm Performance

Using a dynamic heterogeneous agent industry model we examine the impact of manager remuneration schemes on firms investment decisions and on the evolution of their competitiveness and share values. Whereas an increase in the share-based manager remuneration component is always bene cial to the manager, it is bene cial for shareholders only if such a change in […]

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A Heterogeneous Agent Macroeconomic Model for Policy Evaluation: Improving Transparency and Reproducibility

This paper provides a detailed description of the Eurace@Unibi model, which has been developed as a versatile tool for economic policy analysis. The model explicitly incorporates the decentralized interaction of heterogeneous agents across different sectors and regions. The modeling of individual behavior is based on heuristics with empirical microfoundations. Although Eurace@Unibi has been applied successfully […]

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