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Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy

Dixon, Huw David - C.E.P.R. Discussion Papers - 1998

An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy...

Persistent link: https://www.econbiz.de/10005504330

The Demographic Transition and the Emergence of Sustained Economic Growth

Galor, Oded - C.E.P.R. Discussion Papers - 2004

The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...

Persistent link: https://www.econbiz.de/10005662096

Selection of Boundedly Rational Firms and the Allocation of Resources

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2006

I study how savers allocate funds between boundedly rational firms which follow simple pricing rules. Firms need cash to pay their inputs in advance, and savers-shareholders allocate cash between them so as to maximize their rate of return. When the rate of return on each firm is observed, there...

Persistent link: https://www.econbiz.de/10005666616

Natural Selection and the Origin of Economic Growth

Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2001

This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population … that shaped the evolution of the human species, whereas the evolution of the human species was the origin of the take …

Persistent link: https://www.econbiz.de/10005666934

The Evolution of Entrepreneurial Spirit and the Process of Development

Galor, Oded; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2006

This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of … economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit …

Persistent link: https://www.econbiz.de/10005136732

From Stagnation to Growth: Unified Growth Theory

Galor, Oded - C.E.P.R. Discussion Papers - 2004

growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per …

Persistent link: https://www.econbiz.de/10005497992

Natural Selection and the Evolution of Life Expectancy

Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2005

This research advances an evolutionary growth theory that captures the pattern of life expectancy in the process of development, shedding new light on the sources of the remarkable rise in life expectancy since the Agricultural Revolution. The theory suggests that social, economic and...

Persistent link: https://www.econbiz.de/10005498168