This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have...

Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s...

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is...

This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements in modern economies - including perspectives on green...

1. Introduction -- 2.Methodology and stylised facts -- 3. Labour input and labour income -- 4. Capital stock and capacity utilisation -- 5. Growth and development accounting -- 6. The neoclassical growth model -- 7. Markets and distortions -- 8. Growth and the financial environment -- 9. Credit...

This book is intended as a textbook for a course in behavioral economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioral economics to researchers. Unlike some general audience books that discuss...

This unique book on international business presents a critical review of the role of bounded rationality in internationalization process (IP) research. Corporate internationalization processes have been a subject of scientific debate for several decades. However, it is questionable whether...

This book challenges the generally accepted theories of classical economics, explaining why the expected utility theory, even if it were true, fails to be of much help in solving economic controversies

Chapter 1 Preface -- Part I Mechanism Design under Bounded Rationality -- Chapter 2 Introduction -- Chapter 3 Complexity constraints and mechanism design -- Chapter 4 Learning, probabilistic choice, and mechanism design -- Chapter 5 Some other models of mechanism design under bounded rationality...

Susan Pulham und Michael Deeken analysieren die Rationalität und mit ihr verbundene Einschränkungen am Beispiel von (privaten) Anlegern. Die AutorInnen geben zuerst einen Überblick über verschiedene Rationalitätsverständnisse in der soziologischen und wirtschaftswissenschaftlichen...