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Custom is a key factor for economic performance. Social and economic institutions build on it. The purpose of this paper is to reflect on the motivational force of custom per se, as brought about by history. History creates entitlements, and these influence behavior. Custom is thus understood as...
Persistent link: https://www.econbiz.de/10008515885
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European Council, spotlighting the incorporation manner of the Convention’s provisions in the intern legislation, an also its …
Persistent link: https://www.econbiz.de/10008492768
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Conventions on local economies. Our analysis from 1970-2005 of the 50 largest metropolitan areas in the country, including all … cities that have hosted one of the national conventions during this time period, finds that the presence of the Republican or …
Persistent link: https://www.econbiz.de/10005004171
exchange interactions between economic agents. This paper discusses the evolution of measurement standards from the perspective …
Persistent link: https://www.econbiz.de/10005090615
This paper deals with the evolution of conventions in a finite population of boundedly rational players. We apply … convention, and that the interaction structure crucially determines the distribution of conventions in the population. …
Persistent link: https://www.econbiz.de/10005169464
different trends in the recent literature (behavioural finance, conventions theory and the social studies in finance), we …
Persistent link: https://www.econbiz.de/10005042543
When discussing the relation between rationality and conventions under non-neoclassical uncertainty, almost all … approach, which argues that conventions and rationality are compatible but reasonable behavior may be conventional or (partly …
Persistent link: https://www.econbiz.de/10005543597
exchange interactions between economic agents. This paper discusses the evolution of measurement standards from the perspective …
Persistent link: https://www.econbiz.de/10005548325