Similar Search Results

The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory

Aoki, Masanao; Yoshikawa, Hiroshi - 2008

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...

Persistent link: https://www.econbiz.de/10010298573

The nature of equilibrium in macroeconomics: A critique of equilibrium search theory

Aoki, Masanao; Yoshikawa, Hiroshi - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-37, pp. 1-9

Persistent link: https://www.econbiz.de/10010299171

David versus Goliath: fundamental patterns and predictions in modern wars and terrorist campaigns

Spagat, Michael; Johnson, Neil; van Weezel, Stijn - 2017

, supported by a theory of coalescence and fragmentation of violent groups. We show that the predicted eventsize patterns emerge …

Persistent link: https://www.econbiz.de/10011928042

Does Macroeconomics Need Microeconomic Foundations?

Da Silva, Sergio - 2009

The author argues that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical...

Persistent link: https://www.econbiz.de/10010298584

Does Macroeconomics Need Microeconomic Foundations?

Da Silva, Sergio - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-23, pp. 1-11

I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics.

Persistent link: https://www.econbiz.de/10010298641

A new method for measuring tail exponents of firm size distributions

Fujimoto, Shouji; Ishikawa, Atushi; Mizuno, Takayuki; … - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-20, pp. 1-20

The authors propose a new method for estimating the power-law exponents of firm size variables. Their focus is on how to empirically identify a range in which a firm size variable follows a power-law distribution. On the one hand, as is well known a firm size variable follows a power-law...

Persistent link: https://www.econbiz.de/10010307564

Journeys of violence: Trajectories of (im-)mobility and migrants' encounters with violence in European border spaces

Lorenz, Rahel; Etzold, Benjamin - In: Comparative Population Studies (CPoS) 47 (2022), pp. 211-232

refugees' mobility, namely the fragmentation of journeys and the systemic production of situations of protracted immobility at …

Persistent link: https://www.econbiz.de/10015189863

"Made in China" – How Does it Affect Measures of Competitiveness?

Benkovskis, Konstantins; Wörz, Julia - 2014

over the period 1995 to 2011. This picture changes when the fragmentation of production is considered. We find that the …

Persistent link: https://www.econbiz.de/10013370110

Do international investment and trade flows show any signs of fragmentation?

Kaaresvirta, Juuso; Kerola, Eeva; Nuutilainen, Riikka - 2023

signs of fragmentation in trade and investment patterns among ten major trading countries or regional trading blocks. We …. Bilateral flows between the US and China have been damaged, but there is little evidence of wider fragmentation or that the … to trade restrictions, we find no evidence of broad fragmentation. Our analysis does reveal, however, shifts in global …

Persistent link: https://www.econbiz.de/10014340613

Trends in Chinese value chains 2018-2022

Simola, Heli - 2023

We examine recent changes in the structure of Chinese manufacturing value chains using a standard input-output framework. Our results suggest that the previous increasing trend in the share of domestic value added in Chinese value chains stalled during our observation period (2018-2022). We also...

Persistent link: https://www.econbiz.de/10014377655