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evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …
Persistent link: https://www.econbiz.de/10010506636
, evolution, responsibility and justice, a new concept of economic activity emerges within nature. This leads to new …. Following the Introduction (Section 1), this paper explains the MINE project (Section 2) and introduces our methodology (Section …
Persistent link: https://www.econbiz.de/10011944121
some of the most essential elements of modern economic theory, the concepts of mutual determination and equilibrium … debates explain both Fisher's exaggerations and Böhm-Bawerk's refusal to be satisfied with equilibrium alone. …
Persistent link: https://www.econbiz.de/10011642528
The nature of learning processes as well as evolutionary considerations suggest that aesthetic judgement is of central importance in the formation of custom. Learning and extrapolation rely on evaluations of non-instrumental features like simplicity, analogy, straightforwardness, and clarity....
Persistent link: https://www.econbiz.de/10012597793
for biological fitness. The process is predominately envisaged as a process of what I am going to term 'blind evolution …': a combination of random variation and selection. The idea of randomness is put into question. If evolution is is to be …
Persistent link: https://www.econbiz.de/10012597803
Gesellschaftstheoretiker wie der Soziologe Niklas Luhmann machen darauf aufmerksam, dass es in der modernen Gesellschaft zu systematischen Diskrepanzen zwischen Semantik und Sozialstruktur kommt. Solche Diskrepanzen - also Fälle, in denen Sozialstruktur und Semantik nicht zueinander passen -...
Persistent link: https://www.econbiz.de/10011786652
Persistent link: https://www.econbiz.de/10012434856
general questions concerning the regional and global waxing and waning of domestic regime types. Evolution's claims about the … co-evolution and niche construction are crucial: an agent may modify its environment such that one or more traits of that … agent enjoy a greater reproductive advantage. Agency, then, may be not an escape from evolution but a participation in co-evolution …
Persistent link: https://www.econbiz.de/10011590640
For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that "proper" models result in mathematical intractabilty, while none of the proposed...
Persistent link: https://www.econbiz.de/10011305426
investigates this specific tradeoff and identifies an allocation rule that is individually rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …
Persistent link: https://www.econbiz.de/10011332808