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This paper presents a formal model in which differential satiation dynamics of various consumer needs explain (not only describe) the shapes of Engel curves. In the model, individuals allocate their income to various consumption categories proportional to corresponding need deprivation states, a...
Persistent link: https://www.econbiz.de/10010728201
Persistent link: https://www.econbiz.de/10010849037
According to the “Generalized Darwinism” movement (GD), the three principles of variation, selection and retention/replication (labeled “Darwinian” in some variants of GD) can and should be used as a meta-theoretical framework for the explanation of evolutionary processes in the...
Persistent link: https://www.econbiz.de/10011001854
<Para ID="Par1">In his article “Should evolutionary economists embrace libertarian paternalism?”(Journal of Evolutionary Economics 24(3), <CitationRef CitationID="CR2">2014</CitationRef>, 515–539) Martin Binder discusses the pros and cons of “libertarian paternalism” (LP) from an explicitly evolutionary viewpoint, concluding that as a general...</citationref></para>
Persistent link: https://www.econbiz.de/10011152312