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This paper focuses on the process of coalition formation conditioning the common decision to adopt a shared good, which … model is developed to study the interplay between these two processes: coalition formation and diffusion of shared goods …. Coalition formation is modelled in an evolutionary game theoretic setting, while adoption uses elements from both the Bass and …
Persistent link: https://www.econbiz.de/10012896875
strategic group formation, which is traditionally modeled using cooperative game theory. Human behavior is heterogeneous, which … that the participants achieved stable coalitions, as determined by cooperative game theory, only about 40% of the time …
Persistent link: https://www.econbiz.de/10013241919
The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...
Persistent link: https://www.econbiz.de/10011415366
of the word, the government’s agents. They are agents also in the sense of Principal-Agent theory if the parental action …
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This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of …
Persistent link: https://www.econbiz.de/10011413569
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