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Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).
Persistent link: https://www.econbiz.de/10010284102
their dominance are likely to further diminish equity in food systems by exacerbating power asymmetries. In addition, the … resilience of food systems has the potential to be weakened as these strategies tend to reduce organizational diversity, as well … are most dominant in higher protein food industries globally and their recent strategic moves. We discuss the likelihood …
Persistent link: https://www.econbiz.de/10012626983
The capital as power framework, developed by Jonathan Nitzan and Shimshon Bichler, argues that the aim of business is not ‘profit maximization’ but the differential accumulation of social power. Using this framework as a theoretical starting point, I analyze the differential accumulation...
Persistent link: https://www.econbiz.de/10012631071
evidence indicates that agriculture is significantly more effective than non-agriculture in reducing poverty among the poorest … and the lower poverty-reducing effect of non-agriculture in the presence of extractive industries. …The role of agriculture in development remains much debated. This paper takes an empirical perspective and focuses on …
Persistent link: https://www.econbiz.de/10010280231
This paper proposes an equilibrium theory of the organization of work in an economy with an implicit market for productive time. In this economy, agents have limited productive time and can choose to produce in autarky, buy productive time from helpers to increase own production or, sell their...
Persistent link: https://www.econbiz.de/10010278575
In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...
Persistent link: https://www.econbiz.de/10012388910
This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution-more precisely, with regards to their ability to combine an...
Persistent link: https://www.econbiz.de/10012610180
The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer to a cyclical indicator than a measure of long run variations of normal utilization. Other...
Persistent link: https://www.econbiz.de/10012610181
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012610217
We analyze the allocation of talent across teams in large matching markets with competition for rank. We show that under general conditions globalization in the form of a convex transformation of payoffs promotes the concentration of talent, i.e. it makes positive assortative matching more...
Persistent link: https://www.econbiz.de/10011892067