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Wealth Discrimination Theory
Curtis Jr, James E - 2015
One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...
Persistent link: https://www.econbiz.de/10013038303
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Emotions in Economics : Maximization Need Not be Rational
Masta, Dinesh Kumar - 2021
the concept of rationality from the perspective of Dual-Systems theory, the current paper asserts that, by virtue of its … rational. Emotions as a basis of human action has eluded economic theory, and this essay attempts to fill this gap by …
Persistent link: https://www.econbiz.de/10013224646
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Homo Socialis : An Analytical Core for Sociological Theory
Gintis, Herbert; Helbing, Dirk - 2013
We develop an analytical core for sociology. We follow standard dynamical systems theory by first specifying the … social equilibrium model is an expansion of the general equilibrium model of economic theory, and our dynamical principles … treat the society as a complex adaptive dynamical system that can be studied using evolutionary game theory and agent …
Persistent link: https://www.econbiz.de/10014151185
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Overcoming 'Tragedies of the Commons' with a Self-Regulating, Participatory Market Society
Helbing, Dirk - 2014
Our society is fundamentally changing. These days, almost nothing works without a computer chip. Processing power doubles every 18 months and will exceed the capabilities of human brains in about ten years from now. Some time ago, IBM's Big Blue computer already beat the best chess player....
Persistent link: https://www.econbiz.de/10014148026
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Additive Utility with Intransitive Indifference and Without Independence : A Homogeneous Case
Le Menestrel, Marc; Lemaire, Bertrand - 2002
infuences rational choice beyond the utility function and explains departures from these standard axioms of utility theory …
Persistent link: https://www.econbiz.de/10014112803
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Advanced Manufacturing Plant Location and Its Effects on Economic Development, Transportation Network, and Congestion
Ghosal, Vivek - 2017
The project explored the linkages between industry dynamics and economic activity, and the macro-congestion aspects of freight transport. The Kia Motors manufacturing plant near West Point, Georgia was selected for case study. The principal study effort went into collecting data elements in...
Persistent link: https://www.econbiz.de/10012961917
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Take a chance on ABBA
Cohen-Zada, Danny; Krumer, Alex; Shapir, Offer Moshe - 2017
The order of actions in contests may generate different psychological effects which, in turn, may influence contestants' probabilities to win. The Prouhet-Thue-Morse sequence in which the first 'n' moves is the exact mirror image of the next 'n' moves should theoretically terminate any advantage...
Persistent link: https://www.econbiz.de/10011704206
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Pass-Through as an Economic Tool -- On Exogenous Competition, Social Incidence, and Price Discrimination
Miklós-Thal, Jeanine - 2020
Weyl and Fabinger (2013) analyze the social incidence of competition and theoutput and welfare effects of third-degree price discrimination by considering thehypothetical entrance of exogenous quantity into a market. The formulas they use forthis purpose, however, are correct only for marginal...
Persistent link: https://www.econbiz.de/10012848714
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Dynamic Pricing with Fairness Concerns and a Capacity Constraint
Selove, Matthew - 2019
Although some firms use dynamic pricing to respond to demand fluctuations, other firms claim that fairness concerns prevent them from raising prices during periods when demand exceeds capacity. This paper explores conditions in which fairness concerns can or cannot cause shortages. In our model,...
Persistent link: https://www.econbiz.de/10014033355
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Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
Gabaix, Xavier; Laibson, David - 2008
Bayesian consumers infer that hidden add-on prices (e.g. the cost of ink for a printer) are likely to be high prices. If consumers are Bayesian, firms will not shroud information in equilibrium. However, shrouding may occur in an economy with some myopic (or unaware) consumers. Such shrouding...
Persistent link: https://www.econbiz.de/10014027974