Showing 1 - 10 of 53
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
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 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
the principles that regulate the process of knowing in neoclassical economics. …
Persistent link: https://www.econbiz.de/10005076653
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
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
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 table of contents.
Persistent link: https://www.econbiz.de/10005118599
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
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
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires cooperation and coordination within teams. Using artificial agents, different social contests are created, as training environments. The results confirm previous findings (on the...
Persistent link: https://www.econbiz.de/10005407620