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losses have disproportionately negative impact on local communities. Economists generally argue that free and unimpeded …
Persistent link: https://www.econbiz.de/10009475015
Universities represent a highly complex organizational structure that is beset with serious informational problems. A simplistic allocation rule based on university rankings is sometimes applied to fund disciplines/departments in order to promote efficiency. This study shows the pitfalls of...
Persistent link: https://www.econbiz.de/10009482131
It is somewhat common for heterodox economists to come to the defense of neoclassical microeconomic theory. This is due … to many reasons, but perhaps the commonest one is ignorance. It seems that most heterodox economists are not aware of the … many critiques or that as a collective they completely undermine neoclassical theory. The objective of the article is to …
Persistent link: https://www.econbiz.de/10009482282
current economic issues. This has implications for the acceptance of economic policy since these economists are apt to uphold … the interests of their employer. In contrast, academic economists suffer from a lack of recognition and reach in the media … generation of academic economists, in contrast to previous generations, is becoming reticent on matters of public policy. …
Persistent link: https://www.econbiz.de/10009484643
In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published...
Persistent link: https://www.econbiz.de/10009445434
Innovation is novelty - it involves doing new things in new ways. So new products, new processes, new organizational methods, new services, and so on, are all part of innovation. Technological innovation transforms and improves the technical attributes and performance characteristics of products...
Persistent link: https://www.econbiz.de/10009461386
The representative firm has been a much-criticized concept, subject to conflicting interpretations with respect to both its configuration and its intended role in Marshall's Principles (the Principles).2 The concept found itself a focal point of much of the debate during the significant cost...
Persistent link: https://www.econbiz.de/10009482225
"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
"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
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