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Kimball, Miles S. - 2015

Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within … Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data--especially novel … Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …

Persistent link: https://www.econbiz.de/10012457832

The Economics of Cultural Transmission and Socialization

Bisin, Alberto - 2010

Cultural transmission arguably plays an important role in the determination of many fundamental preference traits (e.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards family and fertility practices, and attitudes...

Persistent link: https://www.econbiz.de/10012462145

The Evolutionary Theory of Time Preferences and Intergenerational Transfers

Chu, C.Y. Cyrus - 2008

At each age an organism produces energy by foraging and allocates this energy among reproduction, survival, growth, and intergenerational transfers. We characterize the optimal set of allocation decisions that maximizes reproductive fitness. Time preference (the discount rate) is derived from...

Persistent link: https://www.econbiz.de/10012464462

Trade Policy and Industrial Sector Responses : Using Evolutionary Models to Interpret the Evidence

Erdem, Erkan - 2003

Firm- and plant-level empirical studies typically find that trade liberalization squeezes price-cost margins among import-competing firms, that this heightened competitive pressure induces productivity gains among these same firms, and that further efficiency gains come from market share...

Persistent link: https://www.econbiz.de/10012468750

Culture : Persistence and Evolution

Giavazzi, Francesco - 2014

This paper documents the speed of evolution (or lack thereof) of a range of values and beliefs of different generations of US immigrants, and interprets the evidence in the light of a model of socialization and identity choice. Convergence to the norm differs greatly across cultural attitudes....

Persistent link: https://www.econbiz.de/10012458491

Conflict, Evolution, Hegemony, and the Power of the State

Levine, David K. - 2013

In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...

Persistent link: https://www.econbiz.de/10012459442

Evolution and the Growth Process : Natural Selection of Entrepreneurial Traits

Galor, Oded - 2011

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/10012461583

Marshall's Economies

Henderson, Vernon - 1999

This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...

Persistent link: https://www.econbiz.de/10012471426

Can Capital Mobility be Destabilizing?

Meng, Qinglai - 1999

In a standard two-sector neoclassical model with distortions, capital mobility can render the steady state indeterminate, in the sense that there exist infinitely many convergent paths. In the closed economy with no international capital mobility, the utility function must be linear or close to...

Persistent link: https://www.econbiz.de/10012471527

A Rent-Protection Theory of Corporate Ownership and Control

Bebchuk, Lucian Arye - 1999

This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice …

Persistent link: https://www.econbiz.de/10012471585

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