Narrow search
Showing 1 - 10 of 12,496
Cover Image
A Note on Aoki-Yoshikawa Model
Scalas, Enrico; Garibaldi, Ubaldo - 2008
In this paper, we explore a dynamical version of by Aoki and Yoshikawa model (AYM) for an economy driven by demand. We show that when an appropriate Markovian dynamics is taken into account, AYM has different equilibrium distributions depending on the form of transition probabilities. In the...
Persistent link: https://www.econbiz.de/10010298574
Cover Image
Implicit Microfoundations for Macroeconomics
Wright, Ian - 2008
A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to the precise details of individual choice...
Persistent link: https://www.econbiz.de/10010298577
Cover Image
A Dynamic Probabilistic Version of the Aoki-Yoshikawa Sectoral Productivity Model
Scalas, Enrico; Garibaldi, Ubaldo - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-15, pp. 1-10
In this paper, the authors explore a dynamical version of the Aoki and Yoshikawa model (AYM) for an economy driven by demand. They show that when an appropriate Markovian dynamics is taken into account, the AYM has different equilibrium distributions depending on the form of transition...
Persistent link: https://www.econbiz.de/10010298634
Cover Image
Implicit Microfoundations for Macroeconomics
Wright, Ian - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-19, pp. 1-27
A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...
Persistent link: https://www.econbiz.de/10010298637
Cover Image
Change Management und nicht-monetäre Vergütungen: Wie der organisatorische Wandel das Mitarbeiterverhalten beeinflusst
Will, Matthias Georg - 2011
Dieser Beitrag untersucht anhand eines mikroökonomischen Formalmodells, weshalb Mitarbeiter aus individuell rationalen Gründen bei Change-Management-Projekten ihr berufliches Anstrengungsniveau reduzieren und weshalb sie vermehrt zu anderen Arbeitgebern wechseln. Das Modell wird so...
Persistent link: https://www.econbiz.de/10011733810
Cover Image
Political [personnel] economy: A political economy perspective to explain different forms of human resource management strategies
Nienhüser, Werner - In: Management Revue 15 (2004) 2, pp. 228-248
power and the resulting explanation deficiencies of traditional microeconomic approaches and of the transactions cost theory … problems related to the theory of action as a foundation. A micro-analytical theory of action-based version of a political …
Persistent link: https://www.econbiz.de/10010318139
Cover Image
Macroeconomic Perspectives on Inflation and Unemployment
Nitzan, Jonathan - 1990
The present paper is the first in a series of three essays in which we examine the macroeconomic and structural approaches to inflation. In this paper we explore some of the key contributions to the macroeconomic literature which appeared since the late 1950s. Much of this literature evolved in...
Persistent link: https://www.econbiz.de/10011645019
Cover Image
Commentary on Edmund Rolls: "Emotion and reason in human decision-making"
Solms, Mark - 2019
In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls points out that multiple and independent types of reinforcement exist in the human brain, and that they cannot be reduced to a common currency. The present commentary introduces...
Persistent link: https://www.econbiz.de/10012036627
Cover Image
Emotion and reasoning in human decision-making
Rolls, Edmund T. - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-39, pp. 1-31
Two systems in the brain that are involved in emotional and economic decision-making are described. The first is an evolutionarily old emotion-based system that operates on rewards defined by the genes such as food, warmth, social reputation, and having children. Such decisions are often based...
Persistent link: https://www.econbiz.de/10012106084
Cover Image
The behavioral economics of John Maynard Keynes
Schettkat, Ronald - 2018
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …
Persistent link: https://www.econbiz.de/10012140491