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Recent advances in the economics of individual subjective well-being

Stutzer, Alois; Frey, Bruno S. - 2010

stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported … provides a new possibility for the complementary testing of theories across fields in economics. Third, we inquire how the … insights gained from the study of individual happiness in economics affect public policy. …

Persistent link: https://www.econbiz.de/10010269838

A decade of editing the European economic review

Eckstein, Zvi; Gal-Or, Esther; Gylfason, Thorvaldur; … - 2011

This story describes the circumstances that led to all five of us starting as editors at the same time, the unexpected things we have found, the unanticipated reactions we have encountered, how we worked as an editorial team, the central role of the editorial office manager, how we managed to...

Persistent link: https://www.econbiz.de/10010280668

Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - 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/10010262165

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/10010262480

Evolution and the growth process: Natural selection of entrepreneurial traits

Galor, Oded; Michalopoulos, 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/10010282576

Reputations, relationships and the enforcement of incomplete contracts

MacLeod, W. Bentley - 2006

This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler (1981)) and efficiency wages (Shapiro and Stiglitz...

Persistent link: https://www.econbiz.de/10010267674