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My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …
Persistent link: https://www.econbiz.de/10009467037
utilitarian economics. Itwas inferred that the logic involved in the decision making process is contrary to market economy … rationality. The cooperative’sdecision making process has found mechanisms to adapt to the dictates of the market economy …
Persistent link: https://www.econbiz.de/10009442709
exchange networks and expected exchange rates. I consider a theory that reasonably predicts this relationship in a handful of …
Persistent link: https://www.econbiz.de/10009466258
accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and …
Persistent link: https://www.econbiz.de/10009447863
Al igual que la mayoría de los datos macroeconómicos, las cifras de déficit público están sujetas a revisiones. Sin embargo, en el caso de Europa, estas podrían ser especialmente preocupantes dado el papel que desempeñan los datos fiscales en el funcionamiento de las reglas de...
Persistent link: https://www.econbiz.de/10012530330
"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...
Persistent link: https://www.econbiz.de/10009468330
other hand, have not been successful in incorporating both individual rationality and inter-individual heterogeneity …
Persistent link: https://www.econbiz.de/10009468335
of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader …
Persistent link: https://www.econbiz.de/10009468337
% of the subjects behave consistently with a predictive model based on private rationality (Nash) and 21% of the subjects … behave consistently with a predictive model based on social rationality. In the CPR appropriation experiments, 74% of the … subjects behave consistently with a predictive model based on private rationality and 5% of the subjects behave consistently …
Persistent link: https://www.econbiz.de/10009468340
"In past contributions to CPR theory, the issue of salience/dependence on a resource has been flagged up as a one of a … high. However, cases do exist of CPRs in which this assumption does not hold, and consequently, related theory proves to be … into question the possibility and utility of constructing a coherent CPR meta-theory." …
Persistent link: https://www.econbiz.de/10009468341