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Too much information sharing? Welfare effects of sharing acquired cost information in oligopoly

Ganuza, Juan José; Jansen, Jos - 2010

By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists' information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...

Persistent link: https://www.econbiz.de/10010286731

Herr Schumpeter and the classics

Steedman, Ian; Metcalfe, Stan - 2011

Schumpeterian, evolutionary theory of innovation and competition, and the classical, Sraffian theory of prices and distribution. Can …

Persistent link: https://www.econbiz.de/10010286734

Environmental and climate innovation: Limitations, prices and policies

van den Bergh, Jeroen C. J. M. - 2010

There is currently much hope about environmental innovation and green technologies, notably as a response to the threat of climate change. This paper offers a critical perspective on the role of technological innovation to solving environmental problems, based on considering empirical economic...

Persistent link: https://www.econbiz.de/10010286735

Economic behavior: Evolutionary vs. behavioral perspectives

Witt, Ulrich - 2010

An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....

Persistent link: https://www.econbiz.de/10010286736

Evolution and complexity in economics revisited

Dopfer, Kurt - 2011

The paper discusses recent trends in the sister sciences of evolutionary economics and complexity economics. It suggests that a unifying approach that marries the two strands is needed when reconstructing economics as a science capable of tackling the two key questions of the discipline: complex...

Persistent link: https://www.econbiz.de/10010286737

Darwinian paradigm, cultural evolution and human purposes: On F.A. Hayek's evolutionary view of the market

Vanberg, Viktor J. - 2011

The claim that the Darwinian paradigm of blind-variation-and-selective-retention can be generalized from the biological to the socio-cultural realm has often been questioned because of the critical role played by human purposeful design in the process of cultural evolution. In light of the issue...

Persistent link: https://www.econbiz.de/10010286738

Social dilemmas, time preferences and technology adoption in a commons problem

Joosten, Reinoud - 2011

Agents interacting on a body of water choose between technologies to catch fish. One is harmless to the resource, as it allows full recovery; the other yields high immediate catches, but low(er) future catches. Strategic interaction in one objective resource game may induce subjective games in...

Persistent link: https://www.econbiz.de/10010286741

Towards an incentive salience model of intertemporal choice

Lades, Leonhard K. - 2011

This theoretical paper presents an incentive salience model of intertemporal choice. The model is a variation of the quasi-hyperbolic discounting model. Based on the distinction between wanting and liking, the paper presents one possible explanation of impulsive choices of smaller sooner rewards...

Persistent link: https://www.econbiz.de/10010286743

The firm as a Darwin machine: How Generalized Darwinism can further the development of an evolutionary theory of economic growth

Stoelhorst, J. W. - 2010

of evolutionary theory to the development of concrete middle-range theories of specific economic phenomena. The purpose … can further the development of an evolutionary theory of economic growth. I will demonstrate the value of generalized … integrate the strengths of these three theories. The result of this exercise is a theory of the firm as a Darwin machine that …

Persistent link: https://www.econbiz.de/10010286744

Competition as an ambiguous discovery procedure: A reappraisal of Hayek's epistemic market liberalism

Witt, Ulrich - 2011

Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...

Persistent link: https://www.econbiz.de/10010286745