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This paper contains a description of a general class of city formation models. Individual economic agents have preferences for locations that depend on the population distribution. A location's attractiveness depends upon some combination of its population and its average distance to other...
Persistent link: https://www.econbiz.de/10005790619
In this paper, I formally define uncertainty, difficulty, and complexity both as measures of problems and environments and as analytic paragdigms and discuss the importance of the difficulty and uncertainty paradigms in the study of institutions. <p> <p> <!--To appear in: .
Persistent link: https://www.econbiz.de/10005790620
In this paper, we construct a general model of diverse problem solvers of limited abilities. We use this model to derive two main results: (1) a collection of diverse, bounded problem solvers can locate optimal solutions to difficult problems and (2) a collection of problem solvers of diverse...
Persistent link: https://www.econbiz.de/10005790628