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Does Optimization Imply Rationality?
Mongin, P. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1998
The relation between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly concerned with adding evidence for this view but its main, more...
Persistent link: https://www.econbiz.de/10005660675
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Multi-agent systems: Modeling andVerification using Hybrid Automata
Mohammed, Ammar; Furbach, Ulrich - Universität <Koblenz - 2009
agent capturing allpossible behaviors of the multi-agent system prior to the verification phase. Thesecond problem concerns … the expressiveness of verification tools when modelingand verifying certain behaviors. Therefore, this paper tackles these … dynamically during the verification phase. This can relieve thestate space complexity that may occur as a result of the …
Persistent link: https://www.econbiz.de/10009354134
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Verification of Web Service Compositions: AnOperationalization of Correctness and a RequirementsFramework for Service-oriented Modeling Techniques
Röglinger, Maximilian - Universität <Augsburg> / Department of Information … - 2009
service-oriented modeling techniques so that correctness can beshown by verification and Web service compositions can be …
Persistent link: https://www.econbiz.de/10005868077
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COST PADDING IN REGULATED MONOPOLIES
Bougheas, Spiros; Worrall, Tim - University <Nottingham> / Department of Economics; … - 2001
In this paper we consider a regulated monopoly that can pad its costs to increaseits cost reimbursement. Even while padding is ineácient the optimal incentivescheme tolerates some padding of costs to reduce the information rents paid tolow cost types. It is shown that high cost ßrms pad costs...
Persistent link: https://www.econbiz.de/10005868956
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The Logical Interface Between Objective Macrofoundations and Subjective Valuations
Kakarot-Handtke, Egmont - 2022
Economists never managed to consistently integrate micro- and macroeconomics. Walrasian economics is built upon microfoundations. These consist of patently absurd subjective-behavioral assumptions. Keynesian economics is built upon objective-structural macrofoundations. These are algebraically...
Persistent link: https://www.econbiz.de/10013305729
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Sur la définition du choix rationnel dans le cas de préférences dépendant du contexte
Diaye, Marc-Arthur - In: Revue économique 52 (2001) 1, pp. 17-33
We deal here with the issue of menu-dependent choice set in Sen [1971,1993, 1994,1997]. However, we use a different approach to Baigent and Gaertner [1996], Gaertner and Xu [1997,1999 a, b, c]. Indeed, we assume that choice is menudependent because preferences are menu-dependent. Classification...
Persistent link: https://www.econbiz.de/10008578427
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A vision about the farming sector’s future: What is in there for farmers in the time of the second machine age?
Rizov, Marian - 2016
Recent technological advances both on the farm and in the lab have made farming more independent form nature than ever before. Arguably, the new and accessible technologies are helping us to better understand and 'manage' nature and thus for first time in history farming is becoming as any other...
Persistent link: https://www.econbiz.de/10011906839
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Microfinance games
Giné, Xavier; Jakiela, Pamela; Karlan, Dean S.; … - 2006
Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and...
Persistent link: https://www.econbiz.de/10010274367
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Microfinance games
Giné, Xavier; Jakiela, Pamela; Karlan, Dean; Morduch, … - 2006 - rev.
Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and...
Persistent link: https://www.econbiz.de/10003810306
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Theories of Trade Credit : Limitations and Applications
Bhattacharya, Hrishikes - 2008
Substantial work has been done during the past three decades to determine the theories of trade credit. But as observed by Frank and Maksimovic (1998), though the theories apply in specific circumstances, they are unable to explain the widespread use of trade credit and the empirical patterns of...
Persistent link: https://www.econbiz.de/10012722880