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Evolutionary economics and household behavior
Horioka, Charles Yuji - In: Philippine Review of Economics 51 (2014) 2, pp. 67-82
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the … neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10011261245
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The Economics of Risky Health Behaviors
Cawley, John; Ruhm, Christopher J. - Institute for the Study of Labor (IZA) - 2011
interventions. It also details nontraditional models (e.g. involving hyperbolic time discounting or bounded rationality) that even …
Persistent link: https://www.econbiz.de/10009024597
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Learning by Doing as a Propagation Mechanism
Chang, Yongsung; Gomes, Joao F; Schorfheide, Frank - C.E.P.R. Discussion Papers - 2002
This Paper suggests that skill accumulation through past work experience, or ‘learning-by-doing’ (LBD), can provide an important propagation mechanism in a dynamic stochastic general equilibrium model, as the current labour supply affects future productivity. Our econometric analysis uses a...
Persistent link: https://www.econbiz.de/10005504303
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The effects of age, experience and managers upon baseball performance
Demiralp, Berna; Colburn, Christopher; Koch, James - In: Journal of Economics and Finance 36 (2012) 2, pp. 481-498
Persistent link: https://www.econbiz.de/10010848221
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The Transfer of Human Capital
Jovanovic, Boyan; Nyarko, Yaw - C.V. Starr Center for Applied Economics, Department of … - 1994
Persistent link: https://www.econbiz.de/10005264361
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Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth
Delsen, Lei; Schonewille, Mark - EconWPA - 1999
productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that …
Persistent link: https://www.econbiz.de/10005125046
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The political economy of Land Reform: A new perspective applied to Latin America
Sousa, Miguel Rocha de - Departamento de Economia, Universidade de Évora - 2009
We define in section 1 our notion of land reform, on section 2, the most important social and political movements of land reform in Latin America are presented. On section 3 we use a theoretical model in the context of economic growth with human capital learning-by-doing to evaluate land...
Persistent link: https://www.econbiz.de/10005008057
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What determines productivity dynamics at the firm level? Evidence from Spain
Stucchi, Rodolfo - Volkswirtschaftliche Fakultät, … - 2007
The current literature on firm dynamics considers the mobility of firms within the productivity distribution to be determined by exogenous random shocks. This paper evaluates human capital and learning by doing as possible factors determining the mobility once the exogenous shocks have taken...
Persistent link: https://www.econbiz.de/10005620192
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Investment in Education Inputs and Incentives
Behrman, Jere R. - In: Handbook of Development Economics
From the point of view of economic development, education is the acquisition of knowledge and skills through experiences from conception onwards over the life cycle that increase productivity broadly defined. Education can occur through, but is not limited to, formal educational activities such...
Persistent link: https://www.econbiz.de/10010702977
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Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?
Mußhoff, Oliver; Hirschauer, Norbert; Hengel, Philipp - In: Journal of International Agricultural Trade and Development 60 (2011) 3
, financing and production decisions have to be made, we demonstrate how bounded rationality can be quantified and separated into … made by the participants of the game have been strongly influenced by bounded rationality. They also show that both … incomplete information and limited cognitive abilities are relevant components of the bounded rationality that has been displayed …
Persistent link: https://www.econbiz.de/10011143123