This paper argues that radical uncertainty is the outcome of standard market activity. The theoretical findings are corroborated with empirical analyses. The model example is applied to asset pricing and radical uncertainty is found a solution to various asset pricing "puzzles". In conclusion,...

In this note the author proposes an approach to examine how innovations might arise from a knowledge commons with agents that interact on the basis of their subjective assessment of the relationships between ideas. Two types of knowledge commons emerge from this dynamic - a pure knowledge...

This article reflects on the methodology I used to conduct research on water use in rural Uzbekistan. It talks about ethical considerations, data puzzles, interdisciplinarity, and intercultural struggles. About why I will never eat plov again for the rest of my life and why fancy blue licence...

This work contributes to the literature raising concerns with the use of SET (student teaching evaluation) scores to evaluate teaching effectiveness and to motivate or demotivate faculty tenure and promotion decisions. It shows that the non-deterministic and qualitative nature of the SETs...

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate costly knowledge codification in an overlapping generations...

Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....