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The state in which economic agents find themselves depends on the states of the other individuals in the economy. This dependance may be direct or indirect and involves the network through which agents interact. This paperdescribes models which lie between two polar extremes. On the one hand th...
Persistent link: https://www.econbiz.de/10005779684
The 1998 Report investigates the 20th century's growth in consumption, unprecedented in its scale and diversity. The benefits of this consumption have spread far and wide. More people are better fed and housed than ever before. Living standards have risen to enable hundreds of millions to enjoy...
Persistent link: https://www.econbiz.de/10008467209
This 2005 Human Development Report takes stock of human development, including progress towards the MDGs. Looking beyond statistics; it highlights the human costs of missed targets and broken promises. Extreme inequality between countries and within countries is identified as one of the main...
Persistent link: https://www.econbiz.de/10008467219
Global markets, global technology, global ideas and global solidarity can enrich the lives of people everywhere. The … competitive global markets, is outpacing the governance of markets and the repercussions on people. Characterized by “shrinking … markets can go too far and squeeze the non-market activities so vital for human development. Fiscal squeezes are constraining …
Persistent link: https://www.econbiz.de/10008467220
The world has a unique opportunity to use global markets for the benefit of all nations and all people. The 2002 Report … looks at the workings of these global markets - at how they meet, or fail to meet, the needs of the world's poorest people … markets in proper perspective. It suggests a two-pronged strategy to get out of the dilemma of equitable distribution. First …
Persistent link: https://www.econbiz.de/10008467224
A versenyzői egyensúly létezése, egyértelműsége és hatékonysága mellett az általános egyensúlyelmélet egyik központi témája a stabilitás. A tanulmányban ezt a kérdést vizsgáljuk meg részletesebben, egy speciális áralkalmazkodási szabály feltételezésével. A standard...
Persistent link: https://www.econbiz.de/10010963307
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
. Learning, mutation, and long run equilibria in games. Econometrica 61, 29–56], where agents follow best-response decision rules …
Persistent link: https://www.econbiz.de/10008725917
A population of buyers and a population of sellers meet repeatedly in order to exchange a good. The price is fixed through a variant of the Nash demand game. This paper analyzes the prices that are robust to experimentation in the sense of stochastic stability. Under some conditions only one...
Persistent link: https://www.econbiz.de/10004964046
of other economics courses in using graphs to illustrate the results, and draw the graphs accurately, then they can teach … that does the mathematics and that draws accurate graphs from which students can see the key results. He backs up this no …
Persistent link: https://www.econbiz.de/10005600602