This paper posits that significant changes in 19th century British recreational travel patternsresulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure.Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce...

The chapter focuses on household production theory and models for non-agriculturalhouseholds, largely in developed countries. The objectives of the paper are: (1) to presentseveral types of microeconomic models of household decision making and highlight theirimplications for empirical food...

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector...

The models used in economic theory, though necessarily abstract,should be consistent with the nature of decision making behavior. Aformal metaphor of individual behavior as a continuous flow indicatescertain requirements that theories of consumer, producer, and economywidebehavior should...

What are the reasons behind the different human resource management strategies –human resource management strategies understood as patterns of action for “dealingwith” the human resources or the work force of an organization? Why do we on onehand have human resource management strategies,...

Die Hauptthese dieses Beitrags betrifft das bleibende Verdienst von Milton Friedman alsÖkonom und Gesellschaftstheoretiker. Sie besagt, dass die Ökonomik als wissenschaftlicheDisziplin durch Keynes und den Keynesianismus in eine Grundlagenkrise gestürzt wurde, ausder sie maßgeblich durch die...

Arbeitsverträge können danach unterschieden werden, ob sie befristet oder unbefristet sind. Mit der wachsenden Bedeutung befristeter Arbeitsverträge hat auch die wissenschaftliche Auseinandersetzung mit dieser Beschäftigungsform zugenommen.1Diese Studie widmet sich unter Zuhilfenahme von...

This paper develops a sequential learning estimator of production functions and productivitydynamics for unbalanced establishment panels. Extending an idea from the literatureon dynamic industry models, establishments are uncertain about their own idiosyncraticproductivities and update...