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"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of … formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly … changes individual behaviour and aggregate use of the common property. Groups that had complete information about other …
Persistent link: https://www.econbiz.de/10009468354
money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …
Persistent link: https://www.econbiz.de/10009465939
to collect, process, and share information about their own status and about their environment, has attained a high degree … information asymmetries concerning individual risk this has positive efficiency effects. Simultaneously with the improvement of … gain relevance. The comprehensiveness of collected pieces of information which can be stored arbitrarily long and …
Persistent link: https://www.econbiz.de/10009482327
Hardorp entwickelt im Anschluss an J. Schumpeter und R. Steiner, dass die wirtschaftliche Entwicklung gesamtwirtschaftlich gesehen zu zusätzlichen Erträgen führt, die der gesellschaftlich orientierten Ertragswidmung bedürfen, wenn die sich in ihnen entfaltenden Kräfte des technischen...
Persistent link: https://www.econbiz.de/10009434464
This thesis tries to discuss critically at least two issues regarding European Eastern Enlargement. It tries to offer an analysis of the reasons why the EU had made the decision to enlarge eastwards, even though the advantages were not clear. A further aim will be to raise issues about the...
Persistent link: https://www.econbiz.de/10009449677
Persistent link: https://www.econbiz.de/10009449698
This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price-setting behaviour in a New Keynesian model.As the decision of a central bank is made in an uncertain environment, the analysis of uncertainty is essential in monetary policy models. In...
Persistent link: https://www.econbiz.de/10009449715
Klassische Geldbewertung unterstellt einen Zusammenhang zwischen Geld (x) und empfundener Geldbewertung über eine …
Persistent link: https://www.econbiz.de/10009452615
Der Einfluss von Nachrichten auf die Aktienkursentwicklung ist zentraler Gegenstand vieler Untersuchungen in der empirischen Kapitalmarkt-forschung. Gewinn- und Dividendenzahlungen haben dabei einen entscheidenden Einfluss auf die Aktienkursentwicklung. Die vorliegende Arbeit untersucht...
Persistent link: https://www.econbiz.de/10009433653
Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian …, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious … credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes …
Persistent link: https://www.econbiz.de/10009434804