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Using a simple OLG model where the research output of one generation provides inputs for the next, the paper explains how quality standards can become established in scientific competition. Researchers seek status, which they get if their results are used by the next generation. Quality is...
Persistent link: https://www.econbiz.de/10003864438
It is often conjectured that participatory decision making may increase acceptance even of unfavorable decisions. The present paper tests this conjecture in a three-person power-to-take game. Two takers decide which fraction of the responder's endowment to transfer to themselves; the responder...
Persistent link: https://www.econbiz.de/10003864441
The paper proves that the Bayesian approach to learning and expectations formation implies no propositions that could conceivably be refuted by observation. For a (non-expanding) universe infinite in time but finite at any point of time, it is shown that by a suitable choice of priors, any...
Persistent link: https://www.econbiz.de/10009499955
Der Aufsatz befaßt sich mit der Frage, wie Theoreme der mathematischen Ökonomie getestet werden können und welche Rolle unrealistische Annahmen bei diesen Tests spielen. Als Beispiel dienen die bekannten Theoreme der neoklassischen Außenhandelstheorie, das Faktorpreisausgleichstheorem und...
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The double-dividend argument (as used in political debates) addresses worries that a green tax may lead to higher unemployment when wages are inflexible. As protection against this possibility, it is proposed to use the proceeds of the green tax to subsidize employment. In the best case, this...
Persistent link: https://www.econbiz.de/10009491596
This paper covers those parts of elementary logic that are needed in an introductory course on philosophy of science and the methodology of economics. With this aim in mind, much of the technical material from standard logic courses can be dropped. Specifically, the exposition emphasizes the...
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