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Crime and reputation . A model of social interaction is developed in which individuals with varying payoffs from street crime meet in an environment with incomplete information. The value of a reputation for violence is demonstrated. Those who do not gain from street crime directly nevertheless...
Persistent link: https://www.econbiz.de/10009439135
Conservation supply curves are a common tool in economic analysis. As such, they provide an important opportunity to include a non-linear representation of technology and technological change in economy-wide models. Because supply curves are closely related to production isoquants, we explore...
Persistent link: https://www.econbiz.de/10009435506