Sixth international online seminar "Artificial Societies and Information Technologies"

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The Brexit Game: Uncertainty and Location Decision
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Date: 
Friday, December 4, 2020
Speaker: 
Douglas Silveira

On 04.12.2020, a meeting of the international online seminar "Artificial Societies and Information Technologies" was held, dedicated to the report of Douglas Silveira (PhD), Izak Silva (PhD), Silvinha Vasconcelos (PhD), Fernando Perobelli (PhD):  "The Brexit Game: Uncertainty and Location Decision".

Brief annotation.

The report aims to analyze firms location decisions when faced with Brexit. We combine evolutionary game theory and spatial agent-based simulation approaches with input-output analysis to evaluate two different sectors:
(i) crop and animal production;
(ii) financial service activities.

We separate the European Union into manifold regions and consider the following factors in the decision making:
(i) market potential;
(ii) productive integration;
(iii) labor costs;
(iv) displacement cost.

Firms assign weights to each of these factors. Our results suggest that in traditional sectors firms tend to seek unsaturated markets. In sectors related to services, the greater the uncertainty, the greater the likelihood that firms will move.

Video of this seminar on our YouTube channel