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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
, as well as those of experimental economists, with neoclassical economic theory. The dissertation is divided into two …
Persistent link: https://www.econbiz.de/10009468509
investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …
Persistent link: https://www.econbiz.de/10009478158
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
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Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
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
accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and …
Persistent link: https://www.econbiz.de/10009447863
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
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