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In the first chapter, I examine an incomplete markets economy in a politico-economic general equilibrium setting in which the median voter chooses the inflation rate. I use an environment where individuals face an uninsurable idiosyncratic labor productivity shock, and money is the only asset....
Persistent link: https://www.econbiz.de/10009429391
The term 'end-to-end' has become a familiar characterization of the architecture of the Internet, not only in engineering discourse, but in contexts as varied as political manifestos, commercial promotions, and legal arguments. Its ubiquity and opacity cloaks the complexity of the technology it...
Persistent link: https://www.econbiz.de/10009466144
This paper offers an econometric methodology for the detection of self-organisational change (defined in terms of the presence of time irreversibility, structural change and fundamental uncertainty) in economic precesses that follow logistic diffusion growth paths in historical time. The...
Persistent link: https://www.econbiz.de/10009448571
) standardization of that representation. Standardization is based on the search for stability. The more stable the correlation which … testing, mathematical representation and standardization is of a hierarchical order. By testing a model one tries to find out … between testing, representation and stability. …
Persistent link: https://www.econbiz.de/10009460046