Similar Search Results

Lazear, Edward P. - 2000

Economics is not only a social science, it is a genuine science. Like the physical sciences, economics uses a …, economics stresses three factors that distinguish it from other social sciences. Economists use the construct of rational … have allowed economics to invade intellectual territory that was previously deemed to be outside the discipline's realm …

Persistent link: https://www.econbiz.de/10014174221

Ricardo's Theory of Comparative Advantage : Old Idea, New Evidence

Costinot, Arnaud - 2012

When asked to name one proposition in the social sciences that is both true and non-trivial, Paul Samuelson famously replied: 'Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative advantage is mathematically...

Persistent link: https://www.econbiz.de/10013107916

Economic Imperialism

Lazear, Edward P. - 2021

Persistent link: https://www.econbiz.de/10013311631

The New Comparative Economics

Djankov, Simeon; Glaeser, Edward L.; López-de-Silanes, … - 2003

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The …

Persistent link: https://www.econbiz.de/10014087197

Exporting Christianity : Governance and Doctrine in the Globalization of Us Denominations

Hanson, Gordon H. - 2011

In this paper we build a model of market competition among religious denominations, using a framework that involves incomplete contracts and the production of club goods. We treat denominations akin to multinational enterprises, which decide which countries to enter based on local market...

Persistent link: https://www.econbiz.de/10013126218

Randomizing Religion : The Impact of Protestant Evangelism on Economic Outcomes

Bryan, Gharad - 2018

We study the causal impact of religiosity through a randomized evaluation of an evangelical Protestant Christian values and theology education program delivered to thousands of ultra-poor Filipino households. Six months after the program ended, treated households have higher religiosity and...

Persistent link: https://www.econbiz.de/10012927039

The Austrian Theory of the Marginal Use and of Ordinal Marginal Utility

Mcculloch, J. Huston - 2021

The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal utility (as derived from the marginal use) is not dependent on cardinal utility, and indeed is consistent with "intrinsically ordinal" utility. In this system, diminishing...

Persistent link: https://www.econbiz.de/10013310605

Rational Inattention and Sequential Information Sampling

Hébert, Benjamin - 2017

We propose a new principle for measuring the cost of information structures in rational inattention problems, based on the cost of generating the information used to make a decision through a dynamic evidence accumulation process. We introduce a continuous-time model of sequential information...

Persistent link: https://www.econbiz.de/10012948078

Rationally Inattentive Behavior : Characterizing and Generalizing Shannon Entropy

Caplin, Andrew - 2017

We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many...

Persistent link: https://www.econbiz.de/10012950055

Over-Reaction in Macroeconomic Expectations

Bordalo, Pedro - 2018

We study the rationality of individual and consensus professional forecasts of macroeconomic and financial variables …

Persistent link: https://www.econbiz.de/10012912181