Narrow search
Showing 1 - 10 of 180
Cover Image
On linking microsimulation and computable general equilibrium models using exact aggregation of heterogeneous discrete-choice making agents
Magnani, Riccardo; Mercenier, Jean - HAL - 2009
Our paper contributes by bridging the gap between the (partial equilibrium) microsimulation and the computable general equilibrium (CGE) approaches, by making use of exact aggregation results from the discrete choice literature: heterogeneous individuals choosing within a set of discrete...
Persistent link: https://www.econbiz.de/10009323666
Cover Image
Production versus Distribution-oriented FDI
Kleinert, Jörn; Toubal, Farid - HAL - 2010
The business literature has long recognized the importance of multinationals' distribution networks. The empirical analysis of distribution-oriented FDI has, however, received little attention which is at least partly due to the lack of appropriate data. We present a slightly modified version of...
Persistent link: https://www.econbiz.de/10010750983
Cover Image
Discrete Choices under Social Influence: Generic Properties
Gordon, Mirta B.; Nadal, Jean-Pierre; Phan, Denis; … - HAL - 2007
We consider a model of socially interacting individuals that make a binary choice in a context of positive additive endogenous externalities. It encompasses as particular cases several models from the sociology and economics literature. We extend previous results to the case of a general...
Persistent link: https://www.econbiz.de/10008793538
Cover Image
Effect of Uncertainty about Others' Rationality in Experimental Asset Markets: An Experimental Analysis
Akiyama, Eizo; Hanaki, Nobuyuki; Ishikawa, Ryuichiro - HAL - 2012
the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects … hypothesis that uncertainty about others' rationality plays a major role in causing substantial deviation of forecast prices from …
Persistent link: https://www.econbiz.de/10010933826
Cover Image
The World According to GARP* : Non-parametric Tests of Demand Theory and Rational Behavior
Diaye, Marc-Arthur; Gardes, François; Starzec, Christophe - HAL - 2008
The purpose of this paper is twofold. We first point out that violation of rationality axioms (SARP, GARP, WARP) do not … non-respect of demand theory axioms but by the changing of preferences over the period. A logistic regression confirms the …
Persistent link: https://www.econbiz.de/10009643767
Cover Image
The rationality of expectations formation and excess volatility
Davila, Julio - HAL - 2008
I establish, in simple deterministic overlapping generations economies, that if each agent holds rationally formed expectations in the sense that any other expectations justifying his choices imply a smaller likelihood for the history he observes with limited memory, then there are rationally...
Persistent link: https://www.econbiz.de/10010750627
Cover Image
Learning, Rationality and Identity Building
Cayla, David - HAL - 2008
This paper focuses on the link between the economic conceptions of rationality and learning. Traditionally, most … is not the process of learning, but the result of learning: ‘a fully rational agent'. Heterodox rationality conceptions … such as the Simonian model of bounded rationality seem more compatible with the idea of learning. Bounded rationality …
Persistent link: https://www.econbiz.de/10010751001
Cover Image
On Apparent Irrational Behaviors : Interacting Structures and the Mind
Gosselin, Pierre; Lotz, Aïleen; Wambst, Marc - HAL - 2013
We develop a general method to solve models of interactions between multiple and possibly strategic agents. Our model explains apparently irrational or biased behaviors in a person. We argue that these actions could result from several rational structures having different goals. Our main example...
Persistent link: https://www.econbiz.de/10010899628
Cover Image
La croissance économique au passé, au présent, à l'avenir
Bienaymé, Alain - HAL - 2014
After a few centuries of speeding up, the distribution of GNP's growth rates has widely changed all round the world. Growth is slowing down in advanced countries and has accelerated in emerging countries. Moreover growth is questioned as a matter of principle. Considering the vast array of...
Persistent link: https://www.econbiz.de/10010899774
Cover Image
Rationality, behavior, institutional and economic change in Schumpeter
Festré, Agnès; Garrouste, Pierre - HAL - 2008
In 1940 Schumpeter wrote a paper entitled: "The Meaning of Rationality in the Social Sciences", which was intended to …, that he took the initiative to start. In this paper Schumpeter develops thoroughly his own conception of rationality in … indeed interestingly anticipates some important debates concerning the problem of rationality and behavior in economics and …
Persistent link: https://www.econbiz.de/10010738554