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Distal embedding as a technology innovation network formation strategy
Paredes-Frigolett, Harold; Pyka, Andreas - 2012
Although the area of innovation economics dates back to the early twentieth century with the seminal contributions of Schumpeter (1911), it is only recently that governments have understood the role of a comprehensive approach towards public sector economics that puts innovation systems in the...
Persistent link: https://www.econbiz.de/10010309236
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Foucault, Gouvernementalität und Staatstheorie
Biebricher, Thomas - 2012
Michel Foucault and the Governmentality Studies on the one hand and the more established frameworks of state theory on the …
Persistent link: https://www.econbiz.de/10010309297
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Circuit theory extended: The role of speculation in crises
Lancastle, Neil - 2012
This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry … Profits, 2010) and the Theory of the Monetary Circuit to give a mathematical representation of Minsky's Financial Instability … survival constraints that include a living wage, a zero interest rate and an upper interest rate. Inflation is everywhere. The …
Persistent link: https://www.econbiz.de/10010309299
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Energieeffizienzpotenziale und staatlicher Lenkungsbedarf
Dobroschke, Stephan - 2012
Die langfristigen Klimaschutzziele sehen bis zum Jahr 2020 im Vergleich zu 2008 eine Senkung des Primärenergieverbrauchs um 20% vor, bis zum Jahr 2050 wird eine Senkung um 50% angestrebt. Zur Erreichung dieser Ziele stehen zunehmend Maßnahmen zur Steigerung nachfrageseitiger Energieeffizienz...
Persistent link: https://www.econbiz.de/10010309486
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Interactions in the New Keynesian DSGE models: The Boltzmann-Gibbs machine and social networks approach
Chen, Shu-heng; Chang, Chia-ling - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-26, pp. 1-32
The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...
Persistent link: https://www.econbiz.de/10010309601
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Fund managers - Why the best might be the worst: On the evolutionary vigor of risk-seeking behavior
Witte, Björn-Christopher - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-24, pp. 1-29
This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences … capital invested in a risky asset and the amount of excessive risk accepted, where a positive value of the latter parameter … conditions on investment behavior and attitudes towards risk is significant. What is alarming is that intense competitive …
Persistent link: https://www.econbiz.de/10010309602
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Psychophysical interpretation for utility measures
He, Yuqing - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-29, pp. 1-35
the description of commodity choice and the power law for risk choice. The further mathematical demonstration indicates …
Persistent link: https://www.econbiz.de/10010309604
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Debt, deleveraging and business cycles: An agent-based perspective
Raberto, Marco; Teglio, Andrea; Cincotti, Silvano - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-27, pp. 1-49
The recent financial crises pointed out the central role of public and private debt in modern economies. However, even if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into account debt as one of the crucial determinants of...
Persistent link: https://www.econbiz.de/10010309605
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Heterogeneous skills and homogeneous land: Segmentation and agglomeration
Wrede, Matthias - 2012
This paper analyzes the effect of skill heterogeneity on regional patterns of production and housing in the presence of pecuniary externalities within a general-equilibrium framework, assuming monopolistic competition in intermediate goods markets. It shows that the interplay of heterogeneous...
Persistent link: https://www.econbiz.de/10010309608
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Which mode of funding developing countries' climate policies under the post-Kyoto framework?
Heuson, Clemens; Peters, Wolfgang; Schwarze, Reimund; … - 2012
Funding developing countries' climate policies after Cancun (COP16) has a dual goal: firstly, to support mitigation of developing countries in order to sustain the two-degree pathway of stabilising the global mean temperature; secondly, to empower the vulnerable countries in low-income regions to...
Persistent link: https://www.econbiz.de/10010309610