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We investigate aspects of institutional change in an evolutionary game-theoretic framework, in principle focusing on problems of coordination in groups when new solutions to a problem become available. In an evolutionary game with an underlying dilemma structure, we let a number of new...
Persistent link: https://www.econbiz.de/10010685666
We use an agent-based model to investigate the interdependent dynamics between individual agency and emergent socioeconomic structure, leading to institutional change in a generic way. Our model simulates the emergence and exit of institutional units, understood as generic governed social...
Persistent link: https://www.econbiz.de/10011030506
This Paper Intends to Develop a Coherent Methodological Framework Concerned with the Appraisal of Scientific Theories in Economics, and Which Is Based on a Postulated Aim of Science. We First Define the Scope of a Methodological Inquiry (Precise Definition of What Is Meant by the Logic of...
Persistent link: https://www.econbiz.de/10005731916
This paper surveys the existing Environmental Kuznets Curve studies and discusses to what extent they may be valid and applicable for developing countries. We found that, given the shortcomings in both the theoretical and empirical aspects of the analyses applied to this hypothesis, no...
Persistent link: https://www.econbiz.de/10005609426
and Fuller (1981) in a Less General Framework. the Limiting Distributions Are Found Using Functinal Central Limit Theory …
Persistent link: https://www.econbiz.de/10005729885