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Non-Excludability, Externalities, and Entrepreneurship – An Overview of the Austrian Theory of Common Goods

Wiśniewski, Jakub Bożydar - 2014

According to the neoclassical economic theory, common goods would be underproduced by the market in the absence of a …

Persistent link: https://www.econbiz.de/10013058908

Is neoclassical economics still entrepreneurless?

Bianchi, Milo (contributor); Henrekson, Magnus (contributor) - 2005 - [Elektronische Ressource], Rev. March 29, 2005

leading to distortionary policy interventions. -- Entrepreneurial Choice ; Entrepreneurship ; Innovation ; Neoclassical …We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework … describe it. However, each modeling attempt focuses only on one specific feature of entrepreneurship. The entrepreneurial …

Persistent link: https://www.econbiz.de/10002570545

Mengerian causality: the case of the entrepreneur

D. Simpson, Barry; Kjar, Scott A. - In: New perspectives on political economy : NPPE ; a … 5 (2009) 1, pp. 9-16

Modern economics is filled with models using simultaneous equations to explain economic behavior. One common model, the circular flow diagram, is found in many principles-level textbooks, and is offered as the basic way in which economies function. The entrepreneur, if included at all, is...

Persistent link: https://www.econbiz.de/10003935346

Entrepreneurship : Catallactic and Constitutional Perspectives

Thomas, Diana Weinert - 2011

. This paper argues that an application of the Austrian theory of political entrepreneurship to the VPE framework can provide … important insights regarding the direction of political change. Kirzner's theory of entrepreneurship explains that coordination … entrepreneurial process breaks down. There is common ground between Kirznerian entrepreneurship and Buchanan's creative action …

Persistent link: https://www.econbiz.de/10013122999

Breakthrough Technology to Resolve Problems in Annuities Hedging

Izmailov, Alexander - 2016

Hedging of illiquid financial instruments is carried out with liquid instruments that, as a rule, have simpler payoff functions. For example, hedging of Asian or long-dated put options is carried out with vanilla puts, hedging of Bermuda swaptions is done with vanilla swaptions, etc. This kind...

Persistent link: https://www.econbiz.de/10013000625