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Endogenous indoctrination : occupational choice, the evolution of beliefs, and the political economy of reform

Saint-Paul, Gilles - 2009

favourable to the market economy. Two parameters that govern this capacity to learn are social entropy and heritability. Social … entropy defines how predictable one's occupation is as a function of one's beliefs. Heritability is the weight of the family …'s beliefs in the determination of the priors of a new generation. Both heritability and social entropy reduce the bias and makes …

Persistent link: https://www.econbiz.de/10003902085

Inequality and the GB2 income distribution

Jenkins, Stephen (contributor) - 2007

The generalized entropy class of inequality indices is derived for Generalized Beta of the Second Kind (GB2) income …

Persistent link: https://www.econbiz.de/10003597779

"The double dividend of training" : labor market effects of work-related continuous education in Switzerland

Denzler, Stefan; Ruhose, Jens; Wolter, Stefan C. - 2022

market outcomes, we apply a regression-adjusted matched difference-in-differences approach with entropy balancing to account …

Persistent link: https://www.econbiz.de/10013414731

Evolution and the growth process : natural selection of entrepreneurial traits

Galor, Oded; Michalopulos, Stelios - 2012

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...

Persistent link: https://www.econbiz.de/10009530758

On market forces and human evolution

Saint-Paul, Gilles - 2002

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...

Persistent link: https://www.econbiz.de/10011414433

Initial luck, status-seeking and snowballs lead to corporate success and failure

Glazer, Amihai (contributor); Kanniainen, Vesa (contributor) - 2004

Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.

Persistent link: https://www.econbiz.de/10002526021

How Darwinian should an economy be?

Saint-Paul, Gilles - 2014

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...

Persistent link: https://www.econbiz.de/10010440555

Entropy methods for identifying hedonic models

Dupuy, Arnaud; Galichon, Alfred; Henry, Marc - 2014

This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne's reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computational...

Persistent link: https://www.econbiz.de/10010356985

The earnings returns to graduating with honors : evidence from law graduates

Freier, Ronny; Schumann, Mathias; Siedler, Thomas - 2015

the context of German law graduates. Using a difference-in-differences research design combined with entropy balancing, we …

Persistent link: https://www.econbiz.de/10010477532

The measurement of health inequalities : does status matter?

Costa-Font, Joan; Cowell, Frank A. - 2019

Approaches to measuring health inequalities are often problematic in that they use methods that are inappropriate for categorical data. The approach here focuses on "pure" or univariate health inequality (rather than income-related or bivariate health inequality) and is based on a concept of...

Persistent link: https://www.econbiz.de/10012022686

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