The evidence from many experiments suggests that people are heterogeneous with regard to their abilities to make rational, forward looking, decisions. This raises the question when the rational types are decisive for aggregate outcomes and when the boundedly rational types shape aggregate...

This paper specifies and estimates a structural dynamic model of consumer demand for newand used durable goods. Its primary contribution is to provide an explicit estimationprocedure for transaction costs, which are crucial to capturing the dynamic nature ofconsumer decisions. In particular,...

We propose a strategy to identify the complementarity or substitutability amongtechnology bundles. Under the assumption that alternative technologies are independent,we develop a hypothetical distribution of multiple technology adoptions. Differencesbetween the observed distribution of...

We propose a strategy to identify the complementarity or substitutability amongtechnology bundles. Under the assumption that alternative technologies are independent,we develop a hypothetical distribution of multiple technology adoptions. Differencesbetween the observed distribution of...

We generalize the stochastic revealed preference approach to consumers’ behavior introduced byBandyopadhyay, Dasgupta and Pattanaik (1999). We identify a restriction on stochastic demandbehavior that we term “Stochastic Substitutability” (SS)...

Affects and emotions for a postcapitalist politics -- Reluctant subjects : subjection and becoming -- Constructing a language of economic diversity -- The community economy -- Surplus possibilities : the intentional economy of Mondragón -- Cultivating subjects for a community economy --...

In this creatively argued follow-up to their book The End of Capitalism (As We Knew It), J. K. Gibson-Graham offer already existing alternatives to a global capitalist order and outline strategies for building alternative economies. A Postcapitalist Politics reveals a prolific landscape of...