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We studied the population dynamics of producers and parasites in a developing economy through the Lotka–Volterra model. Our baseline model found a cyclical equilibrium between these two groups of agents. When the equilibrium output is low, we propose that economy is in a poverty trap, such...
Persistent link: https://www.econbiz.de/10011858443
We studied the population dynamics of producers and parasites in a developing economy through the Lotka-Volterra model. Our baseline model found a cyclical equilibrium between these two groups of agents. When the equilibrium output is low, we propose that economy is in a poverty trap, such that...
Persistent link: https://www.econbiz.de/10011865550
The antitrust authorities have had difficulties to proceed since there are both ambiguity and asymmetric information on firms’ actions. In others words, many controversy appears from the analysis of the reasons and effects of the firms’ specific conduct. This can be seen in the recent DTH...
Persistent link: https://www.econbiz.de/10005032407