The opinion dynamics model introduced by Deffuant and Weisbuch as well as the one by Hegselmann and Krause are rather similar. In both models individuals are assumed to have opinions about an issue, they meet and discuss, and they may adapt their opinions towards the other agents` opinions or...

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R\&D, or alternatively, by trying to imitate other firms'...

We demonstrate by mathematical analysis and systematic computer simulations that redistribution can lead to sustainable growth in a society. In accordance with economic models of risky human capital, we assume that dynamics of human capital is modeled as a multiplicative stochastic process...

This study analyzes whether enabling people to get informed about redistributive consequences is an effective measure to prevent equivalence framing in the domain of voting on redistribution. Utilizing a simplified version of the Meltzer-Richard model, an equivalent frame is induced by letting...

Income redistribution with an efficiency loss is expected to have a twofold negative effect on voters' support for redistribution, as it lowers aggregate egoistic support for redistribution and activates voters' efficiency preferences. The paper is dedicated to test whether such a negative...

Utilizing a simplified version of the Meltzer-Richard redistribution mechanism we designed a laboratory experiment to test whether it matters if voters were asked to decide on a tax rate or minimum income, leaving the redistribution mechanism itself unchanged. Framing the vote about...