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A convenient way to find out how things are going is by taking a look at your neighbours. In this paper we develop a method for the evaluation of regional economic performance based on an input-output (IO) framework. Once we defined economic criteria for measuring this performance, such as real...
Persistent link: https://www.econbiz.de/10005304828
In this paper apriorism has been examined, the main-stream philosophy of economic science. An essential element in apriorism is the idea that the economist should always start his analysis from a hard, solid core of assumptions, in which he can have great confidence. Since most aprioristic...
Persistent link: https://www.econbiz.de/10005304867
In this paper, the relationship between technological change and employment is analysed using private consumption as a means to do so. Technological change will create new and more consumption opportunities by means of product and process innovation. This results in changes in consumption...
Persistent link: https://www.econbiz.de/10005304472
Compares Stackelberg’s Grundlagen der theoretischen Volkswirtschaftslehre with a standard modern micro-economic textbook. Reveals some confusing shortcomings in the English translation. Focuses on unique peculiarities of Stackelberg’s analysis of the price formation on imperfect markets....
Persistent link: https://www.econbiz.de/10005003342
Persistent link: https://www.econbiz.de/10005188427
In this paper a selection theory for stochastic games is developed. The theory itself is based on the ideas of Harsanyi and Selton to select equilibria for games in standard form. We introduce several possible definitions for the stochastic tracing procedure, an extension of the linear tracing...
Persistent link: https://www.econbiz.de/10005510311
This article builds on the call of various authors (e.g. George & Jones, 2000; Mitchell & James,2001; Rousseau & Fried, 2001) for a better representation of time in theory-building andresearch in organizational behavior (OB). It proposes a radical temporalist approach to the study of OB which combines a...
Persistent link: https://www.econbiz.de/10005510312
Under a k-approval scoring rule each agent attaches a score of one to his k most preferred alternatives and zero to the other alternatives. The rule assigns the set of alternatives with maximal score. Agents may extend preferences to sets in several ways: they may compare the worst alternatives,...
Persistent link: https://www.econbiz.de/10005510313
Competition in the emerging multimedia market currently focuses on setting standards for storing, retrieving, processing, (de)compressing, and transmitting information. Each multimedia system or architecture combines several standards, some proprietary. This paper uses selected insights from...
Persistent link: https://www.econbiz.de/10005510314
This paper investigates exceptional phases of stock market cycles. Defined in Pagan and Sossounov (2003) as unusual, they are detected as outliers in the historical distribution. Moreover, this study completes the growing literature on stock market bulls and bears in several aspects. First,it...
Persistent link: https://www.econbiz.de/10005510315