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Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
perfect competition, the global fields of the dysfunctional market system have mushroomed in what we call Warrant Economics … for the Free-Market Aristocracy. Warrant Economics unfolds in two symbiotic tenets that constitute the subtle architecture … two sides of the Warrant Economics coin. We argue that the Warrant Economics state of capitalism has been legitimised by a …
Persistent link: https://www.econbiz.de/10009524338
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Innovation and employment : a survey
Vivarelli, Marco (contributor) - 2007
"According to the "compensation theory", market forces should assure a complete compensation of the initial labour …
Persistent link: https://www.econbiz.de/10003451834
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Beyond the DSGE straitjacket
Pesaran, M. Hashem; Smith, Ron - 2011
. -- macroeconometric models ; DSGE ; VARs ; long run theory …
Persistent link: https://www.econbiz.de/10009248176
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Mobility across multiple generations : the iterated regression fallacy
Stuhler, Jan - 2012
Conflicting views about the degree of long-run mobility across multiple generations persist because direct empirical evidence is scarce. Predictions are instead routinely derived by iteration of intergenerational measures, a procedure which implies high long-run mobility even when...
Persistent link: https://www.econbiz.de/10009679503
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Why funding is not a solution to the "social security crisis"
Breyer, Friedrich - 2001
It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...
Persistent link: https://www.econbiz.de/10011402882
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Calibration and IV estimation of a wage outcome equation in a dynamic environment
Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2008
We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...
Persistent link: https://www.econbiz.de/10003724129
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Integration, agglomeration and welfare
Pflüger, Michael (contributor); Südekum, Jens (contributor) - 2004 - [Elektronische Ressource]
This paper studies the social desirability of agglomeration and the efficiency arguments for policy intervention in a simple, analytically solvable 'new economic geography' model with two trade integrating regions. The location pattern emerging as market equilibrium is bubbleshapedʺ, i.e. it...
Persistent link: https://www.econbiz.de/10002429482
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Theoretical unification in justice and beyond
Jasso, Guillermina (contributor) - 2007
"The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification -- unification of different theories of the same field of phenomena and unification of theories of...
Persistent link: https://www.econbiz.de/10003460687
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Integrating personality psychology into economics
Heckman, James J. - 2011
This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists … have much to learn from and contribute to personality psychology. -- personality psychology ; behavioral economics …
Persistent link: https://www.econbiz.de/10009380422
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The economics of replication
Müller-Langer, Frank; Fecher, Benedikt; Harhoff, Dietmar; … - 2017
published in empirical economics and what types of journal articles are replicated. We find that from 1974 to 2014 less than 0 ….1% of publications in the top-50 economics journals were replications. We do not find empirical support that mandatory data …
Persistent link: https://www.econbiz.de/10011607618