This paper proposes an iterative three-step spatial clustering procedure to define Functional Economic Market Areas (FEMAs) with an evolutionary computational approach using flow data on economic linkages. FEMAs are needed as basic observation units in disaggregated economic data analysis, since...

This chapter makes three fundamental points about law and economics. First, although some people feel strong, negative emotional reactions to utilizing microeconomics to analyze non-business areas of law, others feel no such emotional reactions. This chapter advances the hypothesis that people...

This paper considers the possible theoretical modelling of space exploration in line with the classical assumptions of economic analysis. Three models are examined and analyzed: a simple utility model; a game theoretic model in which each player or participating nation in space exploration...

This study estimates the establishment-level employment effects of investment grants in Germany. In addition to the average treatment effect on the treated, we analyse the influence of establishment’s characteristics and economic environment on the magnitude of the effect. We apply a...

In the biosemiotic literature there is a tension between the naturalistic reference to biological processes and the category of ‘meaning' which is central in the concept of semiosis. A crucial term bridging the two dimensions is ‘information.' I argue that the tension can be resolved if we...

In this paper I introduce the Absolute Roll Measure derived using imaginary numbers to address the confounding presence of positive autocovariance in [Roll(1984)]. I conduct an empirical implementation for Aaa and Baa corporate bond spreads over the period 1986-2020 with four bid-ask models. The...

This study estimates the establishment-level employment effects of investment grants in Germany. In addition to the average treatment effect for the treated, we focus on discrimination in the funding rules as potential source of effect heterogeneity. We combine the difference-in-differences...

This study investigates the citation patterns of theoretical and empirical papers over a period of almost 30 years, while also exploring the determinants of citation success. The results indicate that empirical papers attract more citation success than theoretical studies. However, the pattern...

Cybersemiotics claims that the standard uses of the Shannon information concept as applied on systems with cognition and communication fail to account for the semantic dimension of semiosis. This argument does not properly recognize the role of entropy in semiosis. Entropy comes into full play...

Animal Spirits (2009) is a timely and widely appreciated work focusing on the need to incorporate behavioral factors in macroeconomic analysis that draws on a famous reference of John Maynard Keynes. Nonetheless, it has a number of limitations. Those in several chapters are noted. Most...