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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Zadetki 6–10 od 83
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... can be claimed on the basis ofthesearguments isthat implications of marginalanalysiscan hold (notthat theyalways do hold) evenif entrepreneurs are not rational profit maximizers. The chapteris organizedas follows.Istart with ...
... can be claimed on the basis ofthesearguments isthat implications of marginalanalysiscan hold (notthat theyalways do hold) evenif entrepreneurs are not rational profit maximizers. The chapteris organizedas follows.Istart with ...
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... canbe translated in marginal quantities inthisway, consider thefollowing. If marginal revenuewere to exceed marginal cost,itwouldbepossible to gainextra profitby expandingproduction (output) with oneunit. Hence, profits would not be ...
... canbe translated in marginal quantities inthisway, consider thefollowing. If marginal revenuewere to exceed marginal cost,itwouldbepossible to gainextra profitby expandingproduction (output) with oneunit. Hence, profits would not be ...
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... can be said tobe complementarytothatof Hall and Hitch's. In particular, Lester is concerned with wageemployment relationships in individual firms. Lesterstatesthat marginal analysis treats (the height of) wagerates as the mostimportant ...
... can be said tobe complementarytothatof Hall and Hitch's. In particular, Lester is concerned with wageemployment relationships in individual firms. Lesterstatesthat marginal analysis treats (the height of) wagerates as the mostimportant ...
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... can be shown either at the time or subsequently to be truly rational, some may supplant others becausethey do infact leadto better results. Thus while they may haveoriginated by accident, it would not bebyaccident that theyarestill used ...
... can be shown either at the time or subsequently to be truly rational, some may supplant others becausethey do infact leadto better results. Thus while they may haveoriginated by accident, it would not bebyaccident that theyarestill used ...
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... can be regarded as further elaborations of Harrod's evolutionary speculations. 4. 3. MACHLUP'S. DEFENCE. OF. MARGINALISM. Machlup was one of the first, and certainly one of the most prominent and sophisticated, proponents of marginalism who ...
... can be regarded as further elaborations of Harrod's evolutionary speculations. 4. 3. MACHLUP'S. DEFENCE. OF. MARGINALISM. Machlup was one of the first, and certainly one of the most prominent and sophisticated, proponents of marginalism who ...
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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