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We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
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improvements in resource substitutes accelerate resource extraction. Sector-specific innovation activities are tantamount to …
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with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a … particular focus on the distinctive features of prospect theory. The novel contribution of this study is an empirical analysis of … study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical …
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