Economic Evolution: An Inquiry into the Foundations of the New Institutional EconomicsRoutledge, 19. okt. 1995 - 256 strani The new institutional economics offers one of the most exciting research agendas in economics today. Yet can it really explain processes of economic change? Economic Evolution explores three of the main approaches within the new institutional economics:* the new theory of the firm,* Nelson and Winter's evolutionary economics * game theoretic accoun |
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... entrepreneurs do not go through the calculations and deliberations thatare ascribed tothemin marginal analysis, marginal analysisis to be discarded.Theclaim thatthe respective selection arguments ofthemarginalists have in commonis that ...
... entrepreneurs do not go through the calculations and deliberations thatare ascribed tothemin marginal analysis, marginal analysisis to be discarded.Theclaim thatthe respective selection arguments ofthemarginalists have in commonis that ...
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... entrepreneurs,whoare supposed to determinethe behaviour of firms singlehandedly, 1are profit maximizers.Profit ismaximized if marginalrevenueand marginal cost areequal. Tosee why 'profit maximization' canbe translated in marginal ...
... entrepreneurs,whoare supposed to determinethe behaviour of firms singlehandedly, 1are profit maximizers.Profit ismaximized if marginalrevenueand marginal cost areequal. Tosee why 'profit maximization' canbe translated in marginal ...
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... entrepreneurs often cannot know theirmarginal revenue. Mostof the time entrepreneurs do notface purely competitivemarkets, but markets that areamixture of monopolistic competition with substantial elements of oligopoly. In a situation ...
... entrepreneurs often cannot know theirmarginal revenue. Mostof the time entrepreneurs do notface purely competitivemarkets, but markets that areamixture of monopolistic competition with substantial elements of oligopoly. In a situation ...
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... entrepreneurs do not know their marginal revenues.In other words, entrepreneursoften lackthe information (or 'material') that is needed to applythe marginalist calculus.3 The workoftheAmerican economist Lester is insomeways similar ...
... entrepreneurs do not know their marginal revenues.In other words, entrepreneursoften lackthe information (or 'material') that is needed to applythe marginalist calculus.3 The workoftheAmerican economist Lester is insomeways similar ...
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... entrepreneurs to rate themin order of their importance. The answerswere unequivocal: 'overwhelming emphasis'was put on currentand prospective market demand. Changes inwage rates, a factorstressed bymarginal analysis, wererated ...
... entrepreneurs to rate themin order of their importance. The answerswere unequivocal: 'overwhelming emphasis'was put on currentand prospective market demand. Changes inwage rates, a factorstressed bymarginal analysis, wererated ...
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Druge izdaje - Prikaži vse
Economic Evolution: An Enquiry Into the Foundations of New Institutional ... Jack J. Vromen Predogled ni na voljo - 1995 |
Economic Evolution: An Enquiry Into the Foundations of New Institutional ... Jack J. Vromen Predogled ni na voljo - 1995 |
Pogosti izrazi in povedi
adaptive learning Alchian altruistic antimarginalists argues arguesthat assumed assumption Axelrod Becker biology bounded rationality bythe canbe causal ceteris paribus Chapter Coase competitive cultural evolution Darwinian natural selection Dawkins deliberate Demsetz discussion economic theory efficient Elster entrepreneurs environmental equilibrium evolutionary economists evolutionary game theory evolutionary mechanisms example firm behaviour firm’s forces Friedman functional explanation genes genetic Hayek HDgame Houthakker hypothesis individual organisms industry behaviour inheritance institutional economics institutions inthe isnot isthat itis Jensen Lamarckian Machlup marginal analysis marginalist Maynard Mform mutations Nash equilibrium Nelson and Winter Nelson andWinter Nelsonand neoclassical theory notion onthe optimal organization forms orthodox players population predicted problem processes profit maximization realistic replication replicator dynamics routine behaviour rules satisficing seems selection argument selection mechanism Simon situations Smith’s social survival thatare thatis thatthe theoretical theorists thesame tobe tothe transaction cost economics unit of selection Williamson Winter’s evolutionary theory