Describes how mathematics enjoyed a virtual monopoly as the privileged method of economic inquiry in the post-war period. Counters the argument that such a position generates negative consequences, such as monopoly rents and the abuse of dominant positions. Argues that competing schools of...

In this paper we develop a method for the evaluation of regional economic performance based on an input-output (IO) framework. After choosing economic criteria for measuring this performance, such as real GDP per worker, we pick out the 'best'performing region per sector. Taken together, they...

Evolutionary Economic Thought explores the theoretical roots of the evolutionary approach, and in so doing, demonstrates how it fits squarely into the theoretical mainstream. Focusing on the institutions of evolutionary change and the processes – such as competition – that generate...

Describes how mathematics enjoyed a virtual monopoly as the privileged method of economic inquiry in the post‐war period. Counters the argument that such a position generates negative consequences, such as monopoly rents and the abuse of dominant positions. Argues that competing schools of...

Summary The last decades have seen two profound changes in European soccer. First, international trade in talent has increased markedly. Second, international competitions such as the Champions League have become much more important. Using a theoretical model, we study how these changes affect...

We conduct a public good experiment with high school teenagers. Some groups exclusively consist of students that we know to be friends. Other groups exclusively consist of students that we know not to be friends, and that are mere classmates. We find that 'friends' contribute more to the public...

This paper studies the competitive role of list prices. We argue that such prices are often more salient than actual retail prices, so consumers' purchase decisions may be influenced by them. Two firms compete by setting prices in a homogeneous product market. They first set a list price that...

Globally, governments increasingly rely on auctions to advance renewable energy. This paper studies the design of wind farm auctions and evaluates the impact of price guarantees and subsidies on auction efficiency, government revenue, and renewable-energy production. While the theoretical...