Computational Model Library

Displaying 6 of 6 results Low-income clear filters

Peer reviewed Credit and debt market of low-income families

Márton Gosztonyi | Published Tuesday, December 12, 2023 | Last modified Friday, January 19, 2024

The purpose of the Credit and debt market of low-income families model is to help the user examine how the financial market of low-income families works.

The model is calibrated based on real-time data which was collected in a small disadvantaged village in Hungary it contains 159 households’ social network and attributes data.
The simulation models the households’ money liquidity, expenses and revenue structures as well as the formal and informal loan institutions based on their network connections. The model forms an intertwined system integrated in the families’ local socioeconomic context through which families handle financial crises and overcome their livelihood challenges from one month to another.
The simulation-based on the abstract model of low-income families’ financial survival system at the bottom of the pyramid, which was described in following the papers:

RiskNetABM

Meike Will Jürgen Groeneveld Friederike Lenel Karin Frank Birgit Müller | Published Monday, July 20, 2020 | Last modified Monday, May 03, 2021

The fight against poverty is an urgent global challenge. Microinsurance is promoted as a valuable instrument for buffering income losses due to health or climate-related risks of low-income households in developing countries. However, apart from direct positive effects they can have unintended side effects when insured households lower their contribution to traditional arrangements where risk is shared through private monetary support.

RiskNetABM is an agent-based model that captures dynamics between income losses, insurance payments and informal risk-sharing. The model explicitly includes decisions about informal transfers. It can be used to assess the impact of insurance products and informal risk-sharing arrangements on the resilience of smallholders. Specifically, it allows to analyze whether and how economic needs (i.e. level of living costs) and characteristics of extreme events (i.e. frequency, intensity and type of shock) influence the ability of insurance and informal risk-sharing to buffer income shocks. Two types of behavior with regard to private monetary transfers are explicitly distinguished: (1) all households provide transfers whenever they can afford it and (2) insured households do not show solidarity with their uninsured peers.

The model is stylized and is not used to analyze a particular case study, but represents conditions from several regions with different risk contexts where informal risk-sharing networks between smallholder farmers are prevalent.

This model was created to investigate the potential impacts of large-scale recreational and transport-related physical activity promotion strategies on six United Nations Sustainable Development Goals (SDGs) related outcomes—road traffic deaths (SDG 3), transportation mode share (SDG 9), convenient access to public transport, levels of fine particulate matter, and access to public open spaces (SDG 11), and levels of carbon dioxide emissions (SDG 13)—in three cities designed as abstract representations of common city types in high-, middle-, and low-income countries.

Our model allows simulating repeated conservation auctions in low-income countries. It is designed to assess policy-making by exploring the extent to which non-targeted repeated auctions can provide biodiversity conservation cost-effectively, while alleviating poverty. Targeting landholders in order to integrate both goals is claimed to be overambitious and underachieving because of the trade-offs they imply. The simulations offer insight on the possible outcomes that can derive from implementing conservation auctions in low-income countries, where landholders are likely to be risk averse and to face uncertainty.

Sorghum supply development in Meru County, Kenya

Tim Verwaart Coen Van Wagenberg | Published Wednesday, September 06, 2017 | Last modified Thursday, May 30, 2019

Trust between farmers and processors is a key factor in developing stable supply chains including “bottom of the pyramid”, small-scale farmers. This simulation studies a case with 10000 farmers.

A Model to Unravel the Complexity of Rural Food Security

Samantha Dobbie Stefano Balbi | Published Monday, August 22, 2016 | Last modified Sunday, December 02, 2018

An ABM to simulate the behaviour of households within a village and observe the emerging properties of the system in terms of food security. The model quantifies food availability, access, utilisation and stability.

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