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This paper argues that learning is a natural social process that leads to the construction of meaning, which involves the creation of experiences of coherence, purpose, identity and competence. Learning that yields a coherent social context, a worthy or compelling purpose, a strong, integrated...
Persistent link: https://www.econbiz.de/10010973695
We present a general method for computing the set of supergame equilibria in infinitely repeated games with perfect monitoring and public randomization. We present a three-stage algorithm that constructs a convex set containing the set of equilibrium values, constructs another convex set...
Persistent link: https://www.econbiz.de/10005332808
This paper presents a general method for computing value conrrespondences under perfect monitoring and discounting.
Persistent link: https://www.econbiz.de/10005022246
</titre> The delegation of management of the service of water in rural areas is characterized by a contractual relation between an authority principal and an administrator delegated for the delivery of the service. As the State sets up an action plan to generalize this model, this paper shows that all...
Persistent link: https://www.econbiz.de/10009358677
The Supreme Court decision in Kelo v. New London (2005) authorized the use of eminent domain for economic redevelopment projects provided that there are sufficient spillover benefits to the public in the form of enhanced taxes and new jobs. This paper examines the economic basis for this...
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An oft-touted benefit of homeownership is the ability to build and access equity, and in recent years the amount of “tappable” home equity held by US homeowners has reached historic levels. But more than one-quarter of recent applications for mortgage equity withdrawal (MEW) loan products...
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