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Institutions: Rules or Equilibria
Rules Equilibria
2015/7/20
In recent years, the interest in rational choice analysis of institutions has received
substantial impetus from an accumulating body of evidence demonstrating the
importance of a society’s instituti...
The Mathematics of Aggregation, Interdependence, Organizations and Systems of Nash equilibria (NE): A replacement for GameTheory
The Mathematics of Aggregation Interdependence Organizations Systems of Nash equilibria replacement for Game Theory
2014/8/8
Traditional social science research has been unable to satisfactorily aggregate individual level data to group, organization and systems levels, making it one of social science’s biggest challenges, i...
Population Growth and Multiple Equilibria: Inferences from a Modified Ramsey Model
demographic transition optimal grow th multiple equilibria poverty traps calibrations
2012/11/1
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data ...