Economic behavior is explored from a psychological perspective by both, prominent economic psychologists with a long tradition in studying economic problems as well as economists who are open and interested in the psychological aspects of economic behavior.
The purpose of this study is in keeping with the shift in concern over the eco- nomic problems of growth to those of income distribution in recent years.
The three major aims of the present study were to (a) test some of the major game-theoretic solutions for n-person games in characteristic function form with data obtained from "e;rational"e; players; (b) locate, assess, and explain differences between sophisticated and naive subjects in coalition frequencies and payoff disbursements; and (c) provide a common data base for bargaining process analyses and testing of both present and future models.
This mono graph is intended for an advanced undergraduate or graduate course as weIl as for the researchers who want a compilation of developments in this rapidly growing field of operations research.
This work was written during my visits at CORE (Belgium), at the Faculty of Economics and Politics in Cambridge (England), and at the Department of Mathematics at the ETH in ZUrich.
Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De- breu-McKenzie.
Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations.
Generalizations of the classical concept of a convexfunction have been proposed in various fields such aseconomics, management science, engineering, statistics andapplied sciences during the second half of this century.
International commodity markets have traditionally attracted the attention of economists, econometricians, and policy makers especially in and following politically tumultuous times.
A real imports of capital and intermediate goods declinedsharply for highlyindebted countries in the 1980s, theseeconomies were faced with the need tosubstitute previouslyimported factors of production with domestic capital andlabor.
This monograph is intended for an advanced undergraduate or graduate course as well as for researchers, who want a compilation of developments in this rapidly growing field of operations research.
In this book overlapping generations economies are analysedfrom a game theoretical point of view and the socialacceptability of consumption allocations is studied ininfinite horizon models of pure exchange economieswithagents with finite lifetimes who behave cooperatively.
Using panel data of individual firms drawn from French surveys, a structural analysis is developed to study the formation of production plans and the rationality of expectations.
Introducing his book "e;The Theory of UnemPloyment Reconsidered"e;, Professor Malinvaud expressed several years ago his hope "e;to convey [his] strong belief that the reconsideration is a major step in the development of our science"e;.
This volume is the final result of the research project 'Micro growth model"e;, that was sponsored by the Central Research Pool of Tilburg University, the Netherlands.