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An Analysis of the Relationship Between Theoretical Economics and Applied Economics

Highlights in Business, Economics and Management
With the increasing enhancement of China's economic strength, various theoretical aspects related to economics have garnered widespread attention from all sectors of society.
Luyue Wu
semanticscholar   +1 more source

Agglomeration and welfare of the Krugman model in a continuous space

, 2023
Two spatial equilibria, agglomeration and dispersion, in a continuous space core-periphery model are examined to discuss which equilibrium is socially preferred.
Ohtake, Kensuke
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Causes of Excess Capacity

, 2023
This study delves into the origins of excess capacity by examining the reactions of capital, labor, and capital intensity. To achieve this, we have employed a novel three-layered production function model, estimating the elasticity of substitution ...
Pal, Samidh
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The Effect of Punishment and Reward on Cooperation in a Prisoners' Dilemma Game

, 2023
This work studies the effect of incentives (in the form of punishment and reward) on the equilibrium fraction of cooperators and defectors in an iterated n-person prisoners' dilemma game.
Kangas, Alexander
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An impossibility theorem concerning positive involvement in voting

In social choice theory with ordinal preferences, a voting method satisfies the axiom of positive involvement if adding to a preference profile a voter who ranks an alternative uniquely first cannot cause that alternative to go from winning to losing. In
Holliday, Wesley H.
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Performance rating in chess, tennis, and other contexts

, 2023
In this note, I introduce Estimated Performance Rating (PR$^e$), a novel system for evaluating player performance in sports and games. PR$^e$ addresses a key limitation of the Tournament Performance Rating (TPR) system, which is undefined for zero or ...
Ismail, Mehmet S.
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Regret theory, Allais' Paradox, and Savage's omelet

, 2023
We study a sufficiently general regret criterion for choosing between two probabilistic lotteries. For independent lotteries, the criterion is consistent with stochastic dominance and can be made transitive by a unique choice of the regret function ...
Allahverdyan, Armen E., Bardakhchyan, Vardan G.   +1 more
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A Theory of Rational Housing Bubbles with Phase Transitions

, 2023
We analyze equilibrium housing prices in an overlapping generations model with perfect housing and rental markets. We prove that the economy exhibits a two-stage phase transition: as the income of home buyers rises, the equilibrium regime changes from ...
Hirano, Tomohiro, Toda, Alexis Akira
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Ambiguous Persuasion: An Ex-Ante Formulation

, 2023
Consider a persuasion game where both the sender and receiver are ambiguity averse with maxmin expected utility (MEU) preferences and the sender can choose to design an ambiguous information structure.
Cheng, Xiaoyu
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A Note on Ordinally Concave Functions [PDF]

The notion of ordinal concavity of utility functions has recently been considered by Hafalir, Kojima, Yenmez, and Yokote in economics while there exist earlier related works in discrete optimization and operations research.
FUJISHIGE, Satoru, KOJIMA, Fuhito, YOKOTE, Koji   +2 more
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