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An evolutionary analysis of growth and fluctuations with negative externalities
(Springer International Publishing, 2018)
We present an evolutionary game theoretic model of growth and fluctuations with negative externalities. Agents in a population choose the level of input. Total output is a function of aggregate input and a productivity ...
Absence of economic and social constants
(Springer, 2016)
In this article, we discuss the possibility of economics as a
discipline emulating the success of hard sciences. In our view, a fundamental obstacle arises from the fact that economics does not have
(m)any stable and ...
Productivity dispersion and output fluctuations: an evolutionary model
(Elsevier B.V., 2017)
We develop a model of technology choice with search costs. Innovators develop technology of varying quality or productivity. Firms acquire technology after paying a search cost to find high productivity technology. The ...