Similar Search Results

Berne, Michel; Pogorel, Gérard - In: CESifo DICE Report 03 (2005) 1, pp. 33-40

Persistent link: https://www.econbiz.de/10011696497

A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model

Beckenbach, Frank - In: Review of Evolutionary Political Economy 1 (2020) 2, pp. 221-243

This part is devoted to simulation experiments based on the simulation model developed in part I from the value-theoretic reconstruction of the main parts of Marx’s critique of Political Economy. After introducing the main parameters and the range of their variation (Section 1), a singular run...

Persistent link: https://www.econbiz.de/10014503976

A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model

Beckenbach, Frank - In: Review of Evolutionary Political Economy 1 (2020) 1, pp. 103-135

The background for the present elaboration is twofold: firstly, the ongoing debate about whether the Marxian theory of value has been damaged (or even destroyed) by the alleged impossibility of solving the ‘transformation problem’ and secondly, the fact that almost all of the (later)...

Persistent link: https://www.econbiz.de/10014503989

Unflat Ontology: Essay on the Poverty of Democratic Materialism

Kvachev, Vadim - In: Stasis 9 (2020) 1, July, pp. 13-34

author argues that flat economy is based on a marginal utility theory of value and presents hierarchical value chains with …

Persistent link: https://www.econbiz.de/10012267466

The Applied Theory of the Bourgeois Era: A Price-Theoretic Perspective

Boettke, Peter J.; Candela, Rosolino A. - In: Journal of Contextual Economics – Schmollers Jahrbuch 140 (2020) 3-4, pp. 355-366

What can we learn about applied price theory from the Bourgeois Era? In this paper, we contend there are three important lessons that can be extracted from McCloskey's work on the Great Enrichment. First, transaction costs are not constraints, but objects of choice. Second, property rights are...

Persistent link: https://www.econbiz.de/10014521530

Psychophysical interpretation for utility measures

He, Yuqing - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-29, pp. 1-35

The paper explores utility measures by combining experiments with mathematical derivations in the psychophysics … paradigm. The analysis on the ultimatum game experiment reveals evidences for the utility threshold and thus supports Bernoulli …'s utility logarithmic law. Both experimental results and theoretical derivations show that the logarithmic law is suitable for …

Persistent link: https://www.econbiz.de/10010309604

Das Bernoulli-Paradigma und Allais' Parodox: Anmerkungen zum Nobelpreis 1988 für Maurice Allais

Brachinger, Hans Wolfgang - In: Wirtschaftsdienst 68 (1988) 11, pp. 587-592

Persistent link: https://www.econbiz.de/10011466655

Nutzenmessung bei öffentlichen Gütern: Konzeptionelle und empirische Probleme in der Praxis

Schläpfer, Felix; Zweifel, Peter - In: Wirtschaftsdienst 88 (2008) 3, pp. 210-216

Die Abwägung von Kosten und Nutzen spielt bei der Bereitstellung öffentlicher Güter eine zentrale Rolle. Mithilfe … welcher Methode lässt sich der Nutzen öffentlicher Güter am besten schätzen? Welche typischen konzeptionellen und empirischen …

Persistent link: https://www.econbiz.de/10010283146

Zusatznutzen Berg? Argumente für den Konsum von Bergprodukten

Matscher, Anja; Schermer, Markus - In: Agrarwirtschaft: Zeitschrift für Betriebswirtschaft, … 58 (2009) 2, pp. 125-134

Given the broad range of products in food retailing, actors are increasingly aiming to differentiate their products by promoting certain features as added benefits. This means that any added (emotional) benefit, whichever way it is communicated, becomes significant. In this article we...

Persistent link: https://www.econbiz.de/10015079247

Risk premiums and certainty equivalents of loss-averse newsvendors of bounded utility

Dalalah, Doraid - In: Journal of Industrial Engineering International 15 (2019) 4, pp. 667-678

models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss …-averse. Moreover, the use of unbounded utility to model risk attitudes fails to explain some decision-making paradoxes. In contrast …, this paper deals with the utility maximization of the newsvendor using a class of bounded utility functions to study the …

Persistent link: https://www.econbiz.de/10013470811