Results 1 to 10 of about 47,635 (113)
Ethical Preferences and the Assessment of Existence Values: Does the Neoclassical Model Fit? [PDF]
Northeastern Journal of Agricultural and Resource Economics, 1986 Some of the implications of ethical preferences for traditional welfare analyses of existence values are discussed in this paper and illustrated with a lexicographic model for preference structures. Although willingness-to-pay and willingness-to-sell are well-defined, their connection with Hicksian surpluses is lost when a person is motivated by an ...
Edwards, Steven F., Edwards, Steven F.
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Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners [PDF]
SSRN Electronic Journal, 2016 This paper studies the labor supply of South Indian boat owners using daily labor participation decisions of 249 boat owners during seven years. It tests the standard neoclassical model of labor supply, which predicts that (i) individuals should be more likely to work when earnings are temporarily high and (ii) recent accumulated earnings should play ...
Xavier Giné +2 more
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Revealed Preference Theory, Rationality, and Neoclassical Economics: Science or Ideology [PDF]
Africa Development, 2012 Revealed Preference Theory (Samuelson 1938) is an attempt to establisheconomic theory as a genuine empirical science by ridding it of nonempiricalpsychological concepts. Samuelson’s goal was to rid economictheory of the last vestiges of utility analysis.
Patrick Bond, Demba Moussa Dembele
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Convergence in a dynamic Heckscher–Ohlin model with land [PDF]
, 2015 Convergence among nations that share the same preferences and technologies is a key result of the closed-economy neoclassical growth framework that has received substantial support in the data.
Dolores Guillo, Maria +3 more
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Preference purification and the inner rational agent:A critique of the conventional wisdom of behavioural welfare economics [PDF]
, 2016 Neoclassical economics assumes that individuals have stable and context-independent preferences, and uses preference-satisfaction as a normative criterion.
Bacharach M. +11 more
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Preferences, power, and the determination of working hours [PDF]
, 2005 Preferences, power, and the determination of working ...
Harvie, D, Philp, B, Slater, G
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International Journal of Sustainable Development & World Policy, 2015 This study builds a model to analyze dynamic interdependence between economic growth, structural change, inequality in income and wealth, habit formation and preference change in a heterogeneous-households economy. The analytical framework is based on the Walrasian general equilibrium theory and the neoclassical growth theory.
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On convergence in endogenous growth models [PDF]
, 1994 In this paper we analyze the rate of convergence to a balanced path in a class of endogenous growth models with physical and human capital. We show that such rate depends locally on the technological parameters of the model.
Ortigueira, Salvador, Santos, Manuel S.
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OEconomia, 2017 Behavioral economics has enriched our understanding of the limitations and imperfections of human decision-making that were neglected by the overly simplistic neoclassical model of choice. However insightful its results and clever its modifications to the traditional model of choice, much of behavioral economics is built upon the core of that model ...
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Economics, scientific doubt and history [PDF]
, 2010 Subjects such as public finance, corporate finance, banking theory, risk management and management accounting are all largely based on the neoclassical approach.
de Graaf, Frank Jan
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