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We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
Persistent link: https://www.econbiz.de/10008702831
Seoul has played a leading role in the development of the social economy. It is the capital city of the Republic of … Korea as well as the centre of its economic, social, and cultural activities; Seoul possesses abundant resources, relatively … the establishment of legal and institutional frameworks as well as the development of public polices, Seoul has become a …
Persistent link: https://www.econbiz.de/10012250961
Seoul has played a leading role in the development of the social economy. It is the capital city of the Republic of … Korea as well as the centre of its economic, social, and cultural activities; Seoul possesses abundant resources, relatively … the establishment of legal and institutional frameworks as well as the development of public polices, Seoul has become a …
Persistent link: https://www.econbiz.de/10012432905
Seoul has played a leading role in the development of the social economy. It is the capital city of the Republic of … Korea as well as the centre of its economic, social, and cultural activities; Seoul possesses abundant resources, relatively … the establishment of legal and institutional frameworks as well as the development of public polices, Seoul has become a …
Persistent link: https://www.econbiz.de/10012432919
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...
Persistent link: https://www.econbiz.de/10009753329
This paper analyses the normative and positive foundations of the theory of exploitation as the unequal exchange of labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of formal claims in a general economic environment. It is...
Persistent link: https://www.econbiz.de/10011671876
This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...
Persistent link: https://www.econbiz.de/10011596404
Persistent link: https://www.econbiz.de/10013534531
We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...
Persistent link: https://www.econbiz.de/10010357984
We investigate the role of manipulation in a model of opinion formation. Agents repeatedly communicate with their neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common issue by taking weighted averages of neighbors'...
Persistent link: https://www.econbiz.de/10010357991