We relate innovation to sales growth for incumbent firms in four high-tech sectors. A firm, on average, experiences only modest growth and may grow for a number of reasons that may or may not be related to 'innovativeness'. However, given that firms are heterogeneous and that growth rates...

Drawing on the three key relations in the capabilities approach (Sen, 1985) to welfare economics and using panel data from the English Longitudinal Survey of Aging, this paper illustrates how the capabilities approach to welfare economics can be used to understand wellbeing in older age....

The purpose of this paper is to examine the Kyoto Protocol in the light of three theoretical perspectives: international political economy (IPE), Nozick's entitlement theory of justice and Rawls's defence of justice as fairness. The IPE perspective highlights the difficulty of curtailing the...

The contribution to the social theory of consumption of the late Pierre Bourdieu has been widely recognized, but not fully absorbed by the economics discipline. To address this lacuna, an agent-based model of Bourdieu's social theory is developed by extending Axelrod's cultural diffusion model....

The purpose of this paper is to explore the determinants of innovative capabilities in Turkish SMEs, with a particular emphasis on the impact of recent changes in science and technology policy. Two different analyses are conducted in order to evaluate both the decision to innovate and the...

This paper outlines a multisector dynamic model of the convergence of market prices to natural prices in conditions of fixed technology and composition of demand. Prices and quantities adjust in real-time in response to excess supplies and differential profit-rates. Finance capitalists earn...

This paper estimates total individual costs of domestic violence. It draws on a cross-section survey that includes data on self-reported victimization variables, individual income and a self-reported life satisfaction variable. Using a life satisfaction approach, it estimates the variation in...

This paper describes a nonlinear dynamic model of the convergence of market prices to natural prices in a multisector 'simple production' economy under conditions of a constant technique and composition of demand. Prices and quantities adjust in real time according to the classical principle of...

This paper argues that planned health care provision and market regulation play distinct roles in relation to the effective provision of equitable health care. Governmental planned provision has as a core objective ensuring that the health system is redistributive and that the poor have access...