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Reason-Based Rationalization
Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2013
We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying … which properties of the options or choice context the agent cares about (the “motivationally salient properties”) and how he … non-classical choice behaviour, including boundedly rational and sophisticated rational behaviour, and predict choices in …
Persistent link: https://www.econbiz.de/10011260696
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Patterns of technological progress and corporate innovation
Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010
The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10008645123
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European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
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Evolutionary Model of Non-Durable Markets
Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2011
Presented is an evolutionary model of consumer non-durable markets, which is an extension of a previously published paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying statistical methods it can be shown that in a competitive...
Persistent link: https://www.econbiz.de/10009323245
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Trust and reciprocity in incentive contracting
Rigdon, Mary - Volkswirtschaftliche Fakultät, … - 2005
Principals can attempt to get agents to perform certain actions preferable to the principal by using ex post punishments or rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting (paradoxically) crowds out efficient solutions to the...
Persistent link: https://www.econbiz.de/10005837308
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Interview with Kenneth Arrow
Dubra, Juan - Volkswirtschaftliche Fakultät, … - 2005
Arrow argues that the biggest failures of economic theory are: our failure to explain the business cycle; the missing explanations for the size of fluctuations of prices; our failure to explain the causes of growth and of the spread of innovation. He then discusses several of the existing...
Persistent link: https://www.econbiz.de/10005789422
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Why, for a Class of Bribes, the Act of Giving a Bribe should be Treated as Legal
Basu, Kaushik - Volkswirtschaftliche Fakultät, … - 2011
The paper puts forward a small but novel idea of how we can cut down the incidence of bribery. There are different kinds of bribes and what this paper is concerned with are bribes that people often have to give to get what they are legally entitled to. I shall call these ― “harassment...
Persistent link: https://www.econbiz.de/10011259013
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Invariance of the distribution of the maximum
Fosgerau, Mogens; Lindberg, Per Olov; Mattsson, Lars-Göran - Volkswirtschaftliche Fakultät, … - 2015
finite set. Viewing the value of each alternative as a random variable, the analyst is then interested in the choice …
Persistent link: https://www.econbiz.de/10011250914
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Invariance of the distribution of the maximum
Fosgerau, Mogens; Lindberg, Per Olov; Mattsson, Lars-Göran - Volkswirtschaftliche Fakultät, … - 2015
finite set. Viewing the value of each alternative as a random variable, the analyst is then interested in the choice …
Persistent link: https://www.econbiz.de/10011250915
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Solution of the Ellsberg paradox by means of the principle of uncertain future
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2008
The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first consequence of the principle: the real values of high probabilities are lower than the preliminarily determined ones; conversely, the real values of low probabilities can be higher...
Persistent link: https://www.econbiz.de/10005835901