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A Model of Primary and Secondary Waves in Investment Cycles

Fioretti, Guido - EconWPA - 2002

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

Persistent link: https://www.econbiz.de/10005077089

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...

Persistent link: https://www.econbiz.de/10005125582

A Cognitive Model of the Learning Curve

Fioretti, Guido - EconWPA - 2002

This article provides a cognitive foundation of the parameters that regulate a model of the learning curve. Organizational learning and its actual occurrence are linked to the number of available categories and to the amount of information to be processed.

Persistent link: https://www.econbiz.de/10005561382

Readings in Development Economics, Volume II: Emprical Microeconomics

Bardhan, Pranab; Udry, Christopher - The MIT Press

These two volumes of readings attempt to bring some degree of structure to a relatively diffuse field. Because of the sheer volume of high-quality work in development economics research, they are intended as a sampling of work at the frontier of the field, rather than as a comprehensive...

Persistent link: https://www.econbiz.de/10004973004

Wealth Inequality, Wealth Constraints and Economic Performance

Bardhan, Pranab; Bowles, Samuel; Gintis, Herbert - EconWPA - 1998

When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts incomplete or unenforceable, and where for these and other reasons there are impediments to efficient bargaining, we show that private contracting will not generally assign the control of assets...

Persistent link: https://www.econbiz.de/10005134997

Decentralization and Local Governance in Developing Countries: A Comparative Perspective

Bardhan, Pranab (contributor); Mookherjee, Dilip (contributor) - The MIT Press

Over the past three decades the developing world has seen increasing devolution of political and economic power to local governments. Decentralization is considered an important element of participatory democracy and, along with privatization and deregulation, represents a substantial reduction...

Persistent link: https://www.econbiz.de/10005034497

Scarcity, Conflicts, and Cooperation: Essays in the Political and Institutional Economics of Development

Bardhan, Pranab - The MIT Press

This wide-ranging review of some of the major issues in development economics focuses on the role of economic and political institutions. Drawing on the latest findings in institutional economics and political economy, Pranab Bardhan, a leader in the field of development economics, offers a...

Persistent link: https://www.econbiz.de/10005034507

Readings in Development Economics, Volume I: Micro-Theory

Bardhan, Pranab; Udry, Christopher - The MIT Press

Persistent link: https://www.econbiz.de/10005034508

Political Competition in Economic Perspective

Bardhan, Pranab; Yang, Tsung-Tao - EconWPA - 2004

It is sometimes argued that political competition yields benefits to the citizens just as competition in economic markets yields benefits to consumers. We consider the economic costs and benefits of political competition and find that the story is somewhat more complicated. We first review the...

Persistent link: https://www.econbiz.de/10005556020