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Is there an optimization in bounded rationality? : The ratio of aspiration levels

Beckenkamp, Martin - 2004

Simon's (1955) famous paper was one of the first to cast doubt on the validity of rational choice theory; it has been … supplemented by many more papers in the last three and a half decades. Nevertheless, rational choice theory plays a crucial role in … classical and neoclassical economic theory, which presumes a completely rational agent. The central points characterizing such …

Persistent link: https://www.econbiz.de/10010261480

Inconsistency in the Law : In Search of a Balanced Norm

Engel, Christoph - 2004

, authoritative statements of fact, output and outcome are taken up in turn. Definitions rely on mathematical set theory, and on basic …

Persistent link: https://www.econbiz.de/10010261481

Cost and Benefits from Infrastructure Competition : Estimating Welfare Effects from Broadband Access Competition

Höffler, Felix - 2005

Competition between parallel infrastructures incorporates opposing welfare effects. The gain from reduced deadweight loss might be out- weighed by the inefficient duplication of an existing infrastructure. Using data from broadband internet access for Western Europe 2000-2004, this paper...

Persistent link: https://www.econbiz.de/10010261482

Internal and External R&D: A Sample Selection Approach

Vivarelli, Marco; Piga, Claudio - 2003

This study explicitly takes into account that the decision to enter into an external R&D relationship is related to an antecedent decision to carry out R&D. This calls for a methodological approach that, at the same time, permits the joint analysis of the determinants of the two decisions and...

Persistent link: https://www.econbiz.de/10010261486

Determinants of Scientist Entrepreneurship: an Integrative Research Agenda

Audretsch, David B.; Erdem, Doga Kayalar - 2004

Persistent link: https://www.econbiz.de/10010261501

Market Size or Acceleration Effects; Comparing Hy pothese s to Explain Skill Biased Technical Change

Sanders, Mark - 2005

Skill-biased technical change has occupied empirical economists for much of the 90s. However, the empirical literature has not progressed much beyond observing a positive correlation between technology indicators and demand shifts. Two hypotheses on the root causes of skill biases in technical...

Persistent link: https://www.econbiz.de/10010261506

The Origin of Technical Change: Knowlege Generation, Oppertunities and Entrepreneurship

Sanders, Mark - 2005

-economic growth theory in particular. I leave all downstream complications of where the required entrepreneurial vision, venture …

Persistent link: https://www.econbiz.de/10010261508

Two Theories of Entrepreneurship: Alternative Assumptions and the Study of Entrepreneurial Action

Alvarez, Sharon A. - 2005

Persistent link: https://www.econbiz.de/10010261511

A small Fish War: an example with frequency-dependent stage payoffs

Joosten, Reinoud - 2005

Two agents possess the fishing rights to a lake. Each period they have two options, to catch without restraint, e.g., to use a fine-mazed net, or to catch with some restraint, e.g., to use a wide-mazed net. The use of a fine-mazed net always yields a higher immediate catch than the alternative....

Persistent link: https://www.econbiz.de/10010261521

Hidden Information Problems in the Design of Family Allowances

Cigno, Alessandro; Luporini, Annalisa; Pettini, Anna - 2003

We consider a case where some of the parents have higher ability to raise children than others. First-best policy gives both types of parents the same level of utility. If parental actions are not fully observable, however, the policy maker has to take into account the incentive-compatibility...

Persistent link: https://www.econbiz.de/10010261529