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Analyses self‐interest and sympathy in game‐theoretic terms. Evaluates the relative weight of self‐interest and sympathy in the theories of Hobbes, Hume and Adam Smith in an economic framework. Demonstrates through game‐theoretic tools that sympathy as an actuating motive in human nature...
Persistent link: https://www.econbiz.de/10014806051
factors that affect the outcomes of games played within an organization. Under lifetime employment some values (and beliefs …
Persistent link: https://www.econbiz.de/10014806194
Purpose – Henry George was acclaimed by the general public and disdained by the professional economists, largely for the same reasons. For the general public, progress, and poverty seemed to go to the heart of the matter, treating economics as a question of justice. But for the professionals,...
Persistent link: https://www.econbiz.de/10004977801
Purpose – The purpose of this paper is to suggest possible extensions of the baseline Rubinstein sequential bargaining structure – applied to the negotiation of stationary infinitely termed contracts – that incorporate a direct reference to the “ideal” utilities of the players. This is...
Persistent link: https://www.econbiz.de/10005047647
Purpose – The purpose of this paper is to construct an econometric model of the determinants of private investment with a particular focus on the impact of democracy on investment. Design/methodology/approach – The first step was to econometrically derive the long-run elasticities; then to...
Persistent link: https://www.econbiz.de/10005081316
This paper shows that the consistent way of modeling sentiment‐driven moral behaviors in a setting of social interaction is to derive the equilibrium moral code that is mutually consistent with the optimal moral behavior of each player. To do this, it is necessary that moral sentiments be...
Persistent link: https://www.econbiz.de/10014805151
Purpose – The purpose of this paper is to suggest possible extensions of the baseline Rubinstein sequential bargaining structure – applied to the negotiation of stationary infinitely termed contracts – that incorporate a direct reference to the “ideal” utilities of the players. This is...
Persistent link: https://www.econbiz.de/10014805422
Purpose – The purpose of this paper is to construct an econometric model of the determinants of private investment with a particular focus on the impact of democracy on investment. Design/methodology/approach – The first step was to econometrically derive the long‐run elasticities; then to...
Persistent link: https://www.econbiz.de/10014805504
Purpose – Henry George was acclaimed by the general public and disdained by the professional economists, largely for the same reasons. For the general public, progress, and poverty seemed to go to the heart of the matter, treating economics as a question of justice. But for the professionals,...
Persistent link: https://www.econbiz.de/10014805528
poverty among the aged population are reviewed. Secondly, analytical models of the severity of poverty are presented and these … models are used to describe techniques that may be employed in attempting to alleviate poverty in one category of the aged … poor where it seems most acute and most intractable, i.e. aged women living alone. Three poverty models are presented: (1 …
Persistent link: https://www.econbiz.de/10014805854