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Social interactions arguably provide a rationale for several important phenomena, from smoking and other risky behavior in teens to e.g., peer effects in school performance. We study social interactions in dynamic economies. For these economies, we provide existence (Markov Perfect Equilibrium...
Persistent link: https://www.econbiz.de/10010933671
Social interactions arguably provide a rationale for several important phenomena, from smoking and other risky behavior in teens to e.g., peer effects in school performance. We study social interactions in dynamic economies. For these economies, we provide existence (Markov Perfect Equilibrium...
Persistent link: https://www.econbiz.de/10010616521
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10008591372
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10008671564
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are ‘close’ to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply...
Persistent link: https://www.econbiz.de/10008679137
We set up an analytical framework focusing on the problem of interaction over time when economic agents are characterized by various types of distributional social preferences. We develop an evolutionary approach in which individual preferences are endogenous and account for the evolution of...
Persistent link: https://www.econbiz.de/10005029752
Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … by ethics and neurobiology. It argues for an understanding of busi-ness ethics which sees the economic agents’ freedom of …
Persistent link: https://www.econbiz.de/10005649761
This paper surveys some recent developments in the literature which studies continuous-timeevolutionary dynamics in the context of economic modeling.
Persistent link: https://www.econbiz.de/10005515953
Persistent link: https://www.econbiz.de/10005537662
This paper develops a theory of regular Markov perfect equilibria in dynamic stochastic games. We show that almost all …
Persistent link: https://www.econbiz.de/10005497794