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In this paper we present a method for solving the multifirm stochastic growth model of Brock (1979). After obtaining a solution to the growth model, we derive a solution to the asset pricing model of brock (1982) using the duality between the two models.
Persistent link: https://www.econbiz.de/10005136835
In this paper, I discuss a set of issues in the philosophy and sociology of science literatures which economic style reasoning may help elucidate.
Persistent link: https://www.econbiz.de/10005795291
This paper argues that the claims about limits to science are assentially unpersuasive.
Persistent link: https://www.econbiz.de/10005795300
This paper describes a perspective on the evolution of scientific theory choice which is based on explicity treating the behavior of the scientif community as emergent from the interactive decisions of individual scientists.
Persistent link: https://www.econbiz.de/10005795313
This paper provides a unified framework for interpreting a wide range of interactions models which have appreared in the economic literature. The framework bears a close relationship to econometric models of descrete choice and therefore holds the potential for rendering interactions models...
Persistent link: https://www.econbiz.de/10005136827
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A strategy profile of a normal form game is proper if and only if it is quas-perfect in every extensive form (with that normal form). Thus, properness requires optimality along a sequency of supporting trembles, while sequentiality only requires optimality in the limit.
Persistent link: https://www.econbiz.de/10005795292
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dates. Equilibrium involves information cycles triggered by the success or failure of aggressive demands made by the seller …
Persistent link: https://www.econbiz.de/10005795323