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The impact of short-term employment contracts on employment volatility and economic fluctuations

Matsue, Toyoki - 2020

This study investigates the effects of short-term employment contracts on employment fluctuations and economic fluctuations using a dynamic model with long-term and short-term employment contracts. Numerical experiments show that an increase in the short-term employment ratio amplifies the...

Persistent link: https://www.econbiz.de/10015217313

Universal Coordination Instrument of Economic Individuals

Parinov, Sergey - 2024

extension of microeconomic theory, describing how agents can redefine all conditions for maximizing their objective functions …

Persistent link: https://www.econbiz.de/10015213456

Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in "STIG Systems"

David, Paul; Aghion, Philippe - 2008

This paper reflects on the relevance of "systems-theoretic" approaches to theinterdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth. Considering the approach that characterizes much of the current economics...

Persistent link: https://www.econbiz.de/10015213476

Macroeconomics Is Still Useful and Necessary: A Mechanism to Explain the Condition when Strict Convexity is Unsatisfied

Harashima, Taiji - 2024

Macroeconomics has been often criticized for being useless particularly since the Great Recession. In this paper, I show that macroeconomics is still important, useful, and needed on the basis of the concept of a “Nash equilibrium of a Pareto-inefficient path” (NEPIP). On a NEPIP, the...

Persistent link: https://www.econbiz.de/10015213574

New Economics

Obregon, Carlos - 2020

economic theory. The main problem of traditional economy is that it has not taken seriously the need to explore the … themselves, have perniciously enter into microeconomics, macroeconomics and economic growth theory. And as a consequence we do … economic theory. The main purpose of this manuscript is to delineate the route towards the consolidation of such a new theory. …

Persistent link: https://www.econbiz.de/10015214327

A Simple Model of Speculation- The Welfare Analysis and Some Problems in the Decision Making Theory

Aoki, Takaaki - 2003

This article analyzes the effect of speculation on the economic welfare from various criteria, using a simple Edgeworth box within a three-period Walrasian competition framework. Here “speculation” is defined as a series of transition processes of each agent’s spontaneous production of...

Persistent link: https://www.econbiz.de/10015214991

Assessment of the impact of the Economic Partnership Agreement between the ECOWAS countries and the European Union

Karingi, Stephen; Oulmane, Nassim; Lang, Rémi; Sadni … - 2005

The present study consists of eight sections. After the introduction, we present in the first section, the profile of the ACP-EU cooperation agreements from Lomé to Cotonou. We also show how a certain “grey areas” in the WTO rules on regional agreements can enable African countries to...

Persistent link: https://www.econbiz.de/10015215576

Could Markets' Equilibrium Sets Be Fractal Attractors?

Dominique, C-Rene - 2009

The assumption that markets are positive linear structures moving toward stable fixed-point equilibria is not supproted by empirical investigations.This note reformulates the purest and the simplestof all Walrasian models, i. e.,a pure exchange economy, and shows that even such a simple market...

Persistent link: https://www.econbiz.de/10015215793

Macroeconomic Order from Microeconomic Chaos

Leiashvily, Paata - 2020

In this article, the problem of self-organization of economic processes in conditions of perfect competition, based on the interaction of individual and social economic values and market prices, is considered. On the basis of dialectical analysis, the deep internal unity of production and...

Persistent link: https://www.econbiz.de/10015216166

Social Quality and Precarity: Approaching New Patterns of Societal (Dis)Integration

Herrmann, Peter; van der Maesen, Laurent J.G. - 2008

The main issue of this article is to discuss the question of ‘precarity’ in the context of the theory of social quality … theory of social quality – means a new stage of socialisation of the problems by further individualisation of the victims. In …

Persistent link: https://www.econbiz.de/10015216169