Results 91 to 100 of about 120,066 (291)
The Design of Financial Systems: Towards a Synthesis of Function and Structure [PDF]
This paper proposes a functional approach to designing and managing the financial systems of countries, regions, firms, households, and other entities. It is a synthesis of the neoclassical, neo-institutional, and behavioral perspectives.
Robert C. Merton, Zvi Bodie
core
Envisioning the Future of Work: From Ideas to Reforms
ABSTRACT Two different theoretical perspectives concerning technology and the future of work are examined. One is linked to mainstream economics, whereas the other is associated with critical (‘post‐work’) discourse. Ideas about work—its nature and impacts on well‐being—matter in both perspectives.
David A. Spencer
wiley +1 more source
What drives productivity growth? [PDF]
Economists have long debated the best way to explain the sources of productivity growth. Neoclassical theory and "new growth" theory both regard investment—broadly defined to include purchases of tangible assets, human capital expenditures, and research ...
Kevin J. Stiroh
core +1 more source
On econometric inference and multiple use of the same data
In fields that are mainly nonexperimental, such as economics and finance, it is inescapable to compute test statistics and confidence regions that are not probabilistically independent from previously examined data.
Grønneberg, Steffen, Holcblat, Benjamin
core +1 more source
ABSTRACT This paper examines how labor‐supply responsiveness, captured by the inverse Frisch elasticity, shapes wage inequality in the presence of directed technical change and automation. We develop a dynamic general equilibrium model with task‐based production, heterogeneous labor, and endogenous R&D.
Óscar Afonso
wiley +1 more source
The concept of rational behavior has a significant role in economics and its analysis of market economy and general equilibrium. On the other hand, there exists a logical relation between limits of rationality and learning from error. With explaining the
Masoud Mohammadi Alamuti
doaj
Neoclassical Inflation: No theory there [PDF]
The theoretical generalization that the price level is determined by the quantity of money is commonly employed as a teaching device, in abstract modeling, and as a guide to policy. It represents a profound misunderstanding of inflation. In specific, the
John Weeks
core
Neoclassical Theory of Elementary Charges with Spin of 1/2
We advance here our neoclassical theory of elementary charges by integrating into it the concept of spin of 1/2. The developed spinorial version of our theory has many important features identical to those of the Dirac theory such as the gyromagnetic ...
Alexander Figotin +10 more
core +1 more source
Regulatory compliance and support for altered management of the exotic pet trade
Abstract Globally, the exotic pet trade has contributed to species invasion, disease, and animal welfare risks. Although scientists have advocated for increased trade regulation, the success of management and regulatory efforts depends on compliance by participants in the exotic pet trade. We used a regulatory compliance framework to investigate exotic
Elizabeth N. Pratt +3 more
wiley +1 more source
Costly financial intermediation in neoclassical growth theory [PDF]
The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between ...
Edward C. Prescott +2 more
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