Showing 1 - 10 of 33
We introduce a model for agent specialization in small-scale human societies that incorporates planning based on social influence and economic state. Agents allocate their time among available tasks based on exchange, demand, competition from other agents, family needs, and previous experiences....
Persistent link: https://www.econbiz.de/10010704431
We use archaeological data on house sizes to generate estimates for economic inequality and economic growth from near the beginning of the Holocene to about the first millennium AD. At worldwide scales these variables are positively related, but patterns are more divergent at regional levels....
Persistent link: https://www.econbiz.de/10015394900
We use archaeological data on house sizes to generate estimates for economic inequality and economic growth from near the beginning of the Holocene to about the first millennium AD. At worldwide scales these variables are positively related, but patterns are more divergent at regional levels....
Persistent link: https://www.econbiz.de/10015374244
Persistent link: https://www.econbiz.de/10004904553
In this paper we build a spatial, aspiration-based model of learning in the context of Cournot oligopoly from which we want to explore the conditions that lead to the emergence of cooperation among firms. We consider an economy consisting of many identical duopolies; each duopoly is placed on a...
Persistent link: https://www.econbiz.de/10005623607
This paper investigates the properties of a local economy in which personal connections are important in finding jobs. The complementarities in the model generate an interesting nonlinear relationship between the distribution of human capital in the economy, the characteristics of the social...
Persistent link: https://www.econbiz.de/10005623609
In Part I we provide a heuristic discussion of the motivation for the investigation of games of status. Here we confine our remarks to several alternative formulations of games of status and to exploring the relationship between these games and the class of simple games, in part using the...
Persistent link: https://www.econbiz.de/10005623610
The paper generalizes the Kiyotaki-Wright trade model by treating the trading period as a finite game, so Nash's theorem can be used to prove the existence of equilibrium, and by treating the economy as a Markov process, so an ergodic theorem can be used to show the existence of equilibria with...
Persistent link: https://www.econbiz.de/10005739895
Many of the applications of game theory have been to economics where the individuals under study are assumed to be maximizing profits or Òutility'' or some other conventional economic goal of Òstatus.'' Loosely stated we think of status as one's position in a society compared with others,...
Persistent link: https://www.econbiz.de/10005739896
There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005739897