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ECONOMIC / ENVIRONMENTAL SYSTEM INTERACTION

Vildosola, Luis - EconWPA - 2003

This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...

Persistent link: https://www.econbiz.de/10005062749

Mathematics and Economics: Use, Misuse, or Abuse? From Walrasian Deductivism to Demaria's Hypothetical Inferences

Boldizzoni, Francesco; Canziani, Arnaldo - EconWPA - 2005

The development of a mechanistic analytical approach – since mid-19th century to WWI, and beyond – is a well-known story in European economic thought, the story of Cournot, Jevons, Walras, Edgeworth, Pareto, and many others. We could refer to this tradition as “mathematical deductivism”,...

Persistent link: https://www.econbiz.de/10005076646

History of consumer demand theory 1871-1971: A Neo-Kantian rational reconstruction

Moscati, Ivan - EconWPA - 2005

the principles that regulate the process of knowing in neoclassical economics. …

Persistent link: https://www.econbiz.de/10005076653

Doing Without Money: A critical assessment of Woodford's analysis.

Rogers, Colin - EconWPA - 2004

Woodford employs an inter-temporal general equilibrium model to examine the properties of the monetary system as it evolves form the use of a physical medium of exchange to an electronic medium. He presents a structure in which cash as a means of payment can be made to vanish at the limit but...

Persistent link: https://www.econbiz.de/10005412546

The Games and Information Reader, Preface

Rasmusen, Eric - EconWPA - 1999

I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.

Persistent link: https://www.econbiz.de/10005118567

The Games and Information Reader, Table of Contents

Rasmusen, Eric - EconWPA - 1999

Persistent link: https://www.econbiz.de/10005118599

Model Uncertainty, Complexity and Rank in Finance

Los, Cornelis A. - EconWPA - 2004

There are three crucial mathematical system concepts in Finance, which are either being confused or misapplied - uncertainty, complexity and rank. First, the concept of epistemic uncertainty is sufficient for modeling and the concept of probability is unnecessary. This is illustrated by...

Persistent link: https://www.econbiz.de/10005119076

Value Creation and Profit Optimization

Winther, K. Tobias - EconWPA - 2002

The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...

Persistent link: https://www.econbiz.de/10005561773

Creating and Enforcing Norms, With Special Reference to Sanctions

Posner, Richard; Rasmusen, Eric - EconWPA - 1999

Two central puzzles about social norms are how they are enforced and how they are created or modified. The sanctions …-costly. Problems in creating and enforcing norms are related to which sanctions are employed. We use our analysis of enforcement and … creation of norms to analyze the scope of feasible government action either to promote desirable norms or to repress …

Persistent link: https://www.econbiz.de/10005076640

Arrow's theorem, Weglorz' models and the axiom of choice

Brunner, Norbert; Mihara, H. Reiju - EconWPA - 1999

Applying Weglorz' models of set theory without the axiom of choice, we investigate Arrow-type social welfare functions for infinite societies with restricted coalition algebras. We show that there is a reasonable, nondictatorial social welfare function satisfying "finite discrimination", if and...

Persistent link: https://www.econbiz.de/10005076622