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Persistent link: https://www.econbiz.de/10010528438
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating … more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the …
Persistent link: https://www.econbiz.de/10010390070
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating … more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the …
Persistent link: https://www.econbiz.de/10010390395
Persistent link: https://www.econbiz.de/10011760369
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Using data on the valuation of Christmas gifts received by students in different fields at a German university, we … investigate whether the endowment effect differs between students of economics and other respondents and whether it varies with … the market price of the object under consideration. Our estimation results suggest that economics students have both, a …
Persistent link: https://www.econbiz.de/10010264744
Using data on the valuation of Christmas gifts received by students in different fields at a German university, we … investigate whether the endowment effect differs between students of economics and other respondents and whether it varies with … the market price of the object under consideration. Our estimation results suggest that economics students have both, a …
Persistent link: https://www.econbiz.de/10010269343
psychological cost of leftovers as well as stockouts. If there are no monetary stockout costs, then the loss-averse newsvendor …We modify the classic single-period inventory management problem by assuming that the newsvendor is expectation … orders a quantity lower than the quantity ordered by a profit-maximizing newsvendor. If there are positive monetary costs …
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