The "doctrinal paradox", also called "discursive dilemma", shows that the aggregation of judgements held by different individuals is problematic and can lead to group-level inconsistencies, although each individual is consistent. This aggregation problem has intuitive similarities with the...

Organized around the theme "Rethinking Economic Analysis: The Perspective of Political Economy," the 15th Forum of the World Association for Political Economy was hosted by the World Association for Political Economy and the Shanghai International Studies University on December 18 and 19, 2021....

Concentration is a single summary statistic driven by two opposing forces: the number of firms in a market and the evenness of their market shares. This paper introduces a generalized measure of concentration that allows researchers to vary the relative importance of each force. Using the...

The "doctrinal paradox", also called "discursive dilemma", shows that the aggregation of judgements held by different individuals is problematic and can lead to group-level inconsistencies, although each individual is consistent. This aggregation problem has intuitive similarities with the...

In 2015, China and India's population represented approximately 35.74% of the total number of people living in the world. Due to the historical context and behavior of the most relevant indicators, this study proposes to utilize a wide variety of demographic, economic, and production indicators...

This paper proposes a network model of the economy in which conglomerate firms transmit idiosyncratic shocks from one industry to another. The strength of inter-industry connections is determined by the conglomerate's share of total industry sales and by the industry's share of the...