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conflict, leading to a low probability of a successful turn-over. The normative and conventional framework, in which players … model to predict the existence of two stable equilibria; one with a high rate of conflict, and another in which no conflict … influence the equilibria's basin of attraction, i.e. the likelihood of a transition and hence the probability of a conflict …
Persistent link: https://www.econbiz.de/10009702311
conflict, leading to a low probability of a successful turn-over. The normative and conventional framework, in which players … model to predict the existence of two stable equilibria; one with a high rate of conflict, and another in which no conflict … influence the equilibria's basin of attraction, i.e. the likelihood of a transition and hence the probability of a conflict …
Persistent link: https://www.econbiz.de/10013080915
The weighted-average least squares (WALS) approach, introduced by Magnus et al. (2010) in the context of Gaussian linear models, has been shown to enjoy important advantages over other strictly Bayesian and strictly frequentist model averaging estimators when accounting for problems of...
Persistent link: https://www.econbiz.de/10012962156
scheme leads to recognition that both conflict and cooperation are endemic in human societies, with the crooked timber of …
Persistent link: https://www.econbiz.de/10012962762
Nations have historically sought power and prosperity through control of physical space. In recent decades, however, territorial empire has largely ceased. Most states that can take and hold territory no longer appear eager to do so, while the weak are unable to expand. Have powerful countries...
Persistent link: https://www.econbiz.de/10014197829
This paper provides an overview of some of the key, and neglected, themes in Kenneth Boulding’s scholarship. We discuss three of his books—The Image, Stable Peace, and Three Faces of Power. These books reflect Boulding’s emphasis on individual agency, subjectivism, the nature of knowledge,...
Persistent link: https://www.econbiz.de/10014356445
Successful economic latecomers have certain stylized facts: an inverse U-shaped growth rate, high growth rates of per capita output with high capital returns, and rapid structural changes. In this paper, we document for the first time a catch-up cycle that successful latecomers likely...
Persistent link: https://www.econbiz.de/10013013657
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10013320610
This obituary recalls the personal and intellectual trajectory of Julio López Gallardo, who recently passed away. A friend of the authors and this Review, Julio contributed widely to the literature on the development of Latin American countries, to Kaleckian models, and to structuralism. His...
Persistent link: https://www.econbiz.de/10012288287
This study analyzes the variations in industrial structure induced by income-sensitive patterns of final consumption, and how these changes can be captured by a multi-sector numerical model with a flexible demand system. We focus, in particular, on the estimation of parameters for an AIDADS (An...
Persistent link: https://www.econbiz.de/10012946638