Showing 1 - 5 of 5
simultaneously choose whether to advertise or not. Advertising increases the own immediate sales, but may also cause an externality …
Persistent link: https://www.econbiz.de/10005055382
dependence of returns to advertising on product quality is not monotonic as it has been claimed by earlier studies. Additional … important finding indicating the importance of the models with interacting agents is that returns to advertising exhibit …
Persistent link: https://www.econbiz.de/10005004653
The paper investigates the interplay between the institutions of law and property and innate propensities towards possession. The questions to be answered are: How do property relations emerge in historical-anthropological terms in contrast to the well-known constitutional perspective and what...
Persistent link: https://www.econbiz.de/10005252230
This paper agrees that a suitably generalized Darwinism may help understand socioeconomic change, but finds the most publicized generalization by Hodgson and Knudsen unsuitable. To do better, it generalizes the extension of Neo-Darwinism into evolutionary developmental biology ("evo-devo"),...
Persistent link: https://www.econbiz.de/10005765301
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10009643731