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A general equilibrium theory of North-South trade

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1986

This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras …, formalized in the 1950s by K. Arrow and by G. Debreu. In using general equilibrium theory to generate insight into current policy … organization of economic activity (1969), on the evaluation of public investment (Arrow and Lind, 1970), and in urban development …

Persistent link: https://www.econbiz.de/10005790445

MODELLING THE EFFECT OF EU POLICY REFORMS ON FARM INVESTMENT BEHAVIOUR

Gallerani, Vittorio; Gomez y Paloma, Sergio; Raggi, Meri; … - European Association of Agricultural Economists - EAAE - 2008

The objective of this paper is to analyse farm strategies and investment behaviour in a sample of selected Italian farm … households using multi-criteria dynamic programming, including investment choice. A total of 24 farms were selected for modelling … household investment, though the latter seems more relevant than the former. However, decoupling itself shows minor effects in …

Persistent link: https://www.econbiz.de/10005321072

Models for Evaluating the Company on FCFE and FCFF basis

ANGHELACHE, Gabriela-Victoria; NEGRU, Andreea; … - In: Romanian Statistical Review Supplement 60 (2012) 4, pp. 80-86

The basic idea when evaluating the companies on the basis of the cash-flows expected to e generated in the future consists of up-dating the available cash-flows at an appropriate rate of the expected yield. However, the matter gets complicated if considering the fact that we can utilize both the...

Persistent link: https://www.econbiz.de/10010859973

Foundations for Cooperation in Social Dilemmas

Ahn, Toh-Kyeong - 2001

"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...

Persistent link: https://www.econbiz.de/10009468335

Costly Voting: Theoretical and Experimental Results on Commons Dilemmas in Spatial Committee Games

Wilson, Rick K.; Herzberg, Roberta; Elliott, Mark - 1993

"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...

Persistent link: https://www.econbiz.de/10009468404

Imperfect Information, Multilateral Bargaining, and Unitization: An Experimental Analysis

Wiggins, Steve; Hackett, Steven C.; Battalio, Raymond C. - 1991

"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...

Persistent link: https://www.econbiz.de/10009468342

Production Function and Institutions

Sengupta, Nirmal - 1998

"The classical economists were primarily engaged in analysis of the wonder that is production. The marginalists, while laying the foundation of mathematical economics, shifted its focus to rational behavior of a single consumer, presumably because there they found a problem readily amenable to...

Persistent link: https://www.econbiz.de/10009468398

Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action

Ahn, Toh-Kyeong; Ostrom, Elinor; Walker, James M. - 2002

Subsequently published as:"Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action." Public Choice, 117, 2003, 295-315."Understanding cooperation in the context of social dilemma games is fundamental to understanding how alternative institutional arrangements may...

Persistent link: https://www.econbiz.de/10009468400

Exploiting Common Resources with Capital-Intensive Technologies: The Role of External Forces

Engel, Stefanie; Lopez, Ramon - 2004

"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...

Persistent link: https://www.econbiz.de/10009468413

Modelling Evolving Rules for the Use of Common-Pool Resources in an Agent-Based Model

Smajgl, Alexander - 2007

"Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current...

Persistent link: https://www.econbiz.de/10009468439