Showing 1 - 10 of 25
represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …
Persistent link: https://www.econbiz.de/10010930175
We present an axiomatization of the entropy of capacities defined on set systems which are not necessarily the whole … power set, but satisfy a condition of regularity. This entropy encompasses the definition of Marichal and Roubens for the … entropy of capacities. Its axiomatization is in the spirit of the one of Faddeev for the classical Shannon entropy. In …
Persistent link: https://www.econbiz.de/10010750597
entropy, namely the degree of disorder within a system. In this paper we assume that "complete" and "accurate" real …-time information sharing concerning product and inventory levels through RFID reduces entropy and limits its effects on the supply … informational entropy in the supply chain. …
Persistent link: https://www.econbiz.de/10011025782
I develop a simple dynamic model of reputation-based transactions between a buyer in one country and a supplier in another. I use the model to study the impact of a more stringent regulation on the buyer optimal purchase volume within an existing buyer-seller partnership. A more stringent...
Persistent link: https://www.econbiz.de/10009643224
Why do "made in"labels matter? We study the effect of firm and country reputation on exports when buyers cannot observe quality prior to purchase. Firm-level demand is determined by expected quality, which depends on both past experience with the good and the country of origin's reputation for...
Persistent link: https://www.econbiz.de/10010738847
and measures as part of development strategies favouring more resilience and sustainability. Two issues are addressed more …
Persistent link: https://www.econbiz.de/10009654247
's System of Profound Knowledge about ethics and sustainability and argues that they are related to the philosophy of pragmatism … sustainable issues, and finally establishing a link between the System of Profound Knowledge and sustainability. …
Persistent link: https://www.econbiz.de/10009211242
-renewable resource (like oil, coal) in a model of sustainable growth. The prospects for sustainability on the optimal path depend … learning-by-doing in account, we find that this leads to an earlier switching time but does not guarantee sustainability. …
Persistent link: https://www.econbiz.de/10009368026
This paper studies the maximin paths of the canonical Dasgupta-Heal-Solow model when the stock of natural capital is a direct argument of well-being, besides consumption. Hartwick's rule then appears as an efficient tool to characterize solutions in a variety of settings. We start with the case...
Persistent link: https://www.econbiz.de/10010750429
a source of consumption and as an amenity. For a sustainability concern, we introduce an endogenous discount rate …
Persistent link: https://www.econbiz.de/10010750484