|
on History and Philosophy of Economics |
| By: | Alexander Cotte |
| Abstract: | During the last years a new economic theory to address business problems has been strengthening. The analysis of the several different theoretical approaches of the firm indicate that transaction complexity inside the company and the indetermination inherent to unbalance in repeated interaction between the firms cast doubt both about traditional models and their outcomes. The work specially emphasizes the fact that the companies are institutions, with a category tantamount to that of the market. In this regard, the paper looks into the new theory of the firm and the relation existing between the several different approaches. Along the theoretical dimension the newest breakthroughs in this field are analyzed and the link between game theory, information economy, contract theory, modeling and the different manner to perform empirical application is explained. |
| Keywords: | Theory of the Firm, |
| JEL: | L2 |
| Date: | 2004–08–14 |
| URL: | http://d.repec.org/n?u=RePEc:col:000148:000930&r=hpe |
| By: | Alexander Harin (Modern Humanitarian Academy) |
| Abstract: | Arrangements (agreements, contracts, regulations, bargains, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, deviations, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years now the arrangement infringements have lacked appropriate attention in the economic theory. This fact caused a number of theoretical and practical problems. In order to solve them a new approach is proposed, which considers the possibility of arrangement infringements. This article gives a simple example and a new result of the approach application. |
| Keywords: | risk investment insurance |
| JEL: | D8 D81 C D E |
| Date: | 2005–05–10 |
| URL: | http://d.repec.org/n?u=RePEc:wpa:wuwpga:0505005&r=hpe |
| By: | Marcus Berliant (Washington University in St. Louis) |
| Abstract: | This is a short dictionary entry. Central place theory is a descriptive theory of market area in a spatial context. Its definition, history, and relation to modern microeconomic theory are provided. |
| Keywords: | Market Area, City Hierarchy, Hexagonal Structure, Spatial General Equilibrium Theory, Transport Cost, Increasing Returns to Scale |
| JEL: | R12 |
| Date: | 2005–05–12 |
| URL: | http://d.repec.org/n?u=RePEc:wpa:wuwpur:0505001&r=hpe |
| By: | S. Magagnoli |
| Abstract: | Il paper analizza il rapporto tra organizzazione dello Stato e sistema economico, verificando se al processo di costruzione dello Stato totalitario ne corrisponda uno analogo nel campo delle politiche e delle istituzioni economiche. La tesi argomentata suggerisce che la politica economica del regime è la fusione di strategie gia' presenti in eta' liberale e dell’adesione al mainstream affermatosi dopo il 1929 in tutta l’area del capitalismo, che assegna alla presenza dello Stato in economia un peso crescente. Il paper conclude che, eccettuato il corporativismo, non e' esistito un progetto originale di trasformazione ne' delle politiche ne' delle istituzioni economiche. |
| Date: | 2005 |
| URL: | http://d.repec.org/n?u=RePEc:par:dipeco:2005-st01&r=hpe |
| By: | Minh Ha-Duong (CIRED - Centre International de Recherche sur l'Environnement et le Développement - http://www.centre-cired.fr - CNRS : UMR8568 - Ecole des Hautes Etudes en Sciences Sociales;Ecole Nationale du Génie Rural des Eaux et des Forêts;Ecole Nationale des Ponts et Chaussées) |
| Abstract: | This paper deals with the so-called `probability of scenarios' issues: what is the meaning of these numbers, and what is the appropriate degree of unlikelihood of extreme scenarios ? For far distant futures (such as assessments of climate change in 2100), scenarios without any quantified uncertainty level are often problematic, but forecasts with precise probabilities are out of reach. We propose to use a non-probabilistic approach: possibility theory. De Finetti's interpretation of uncertainty is used to define the meaning of quantified possibility levels based on acceptable betting odds. Turning to the question ``At which level of possibility should the possible futures be selected?'', we reason that a set of n scenarios should contain at least one future at possibility level 1, but if there are extremes cases their possibility should be precisely 1/n. |
| Keywords: | Futures, futurible, scenarios, possibility, imprecise probabilities, uncertainty, fuzzy logic |
| Date: | 2005–05–04 |
| URL: | http://d.repec.org/n?u=RePEc:hal:papers:halshs-00003925_v1&r=hpe |