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1 - 10 van 13 voor rationality efficiency
Microsoft PowerPoint - economics_financial_crisis.ppt
... cartoons economicsandfinancialcrisis amsterdam 6 oct 2010 10 theses 1. rationality efficiency 2. we are not rational 3. non-rationality not needed to explain crisis 4. a ... do not blame shareholders economicsandfinancialcrisis amsterdam 6 oct 2010 1. rationality efficiency non-economist think rationality efficiency example prisoners dilemma defect rational strategy defect-defect inefficient outcome ...
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Microsoft Word - disc76.doc
... in place of the cumbersome he or she' and his or her'. 4 admittedly, the rationality condition ceases to apply if drinkers are ill informed about the consequences of drinking (young ... reference to the inverse elasticity rule (ramsey 1927), which holds that other things being equal, efficiency losses from taxation are lower for goods with lower price elasticities of demand than for ...
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Microsoft Word - cpbdoc214.doc
... without need for voluntary cooperation; uniform policy serves efficiency policy competition stimulates policy learning, preference matching and efficiency policy learning at central level due to ... non-rational behaviour (short sightedness, loss aversion, money illusion, unrealistic optimism, bounded rationality, framing matters and animal spirits like confidence, story telling and anti-social ...
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L:\...\cpb_discussion1 .w [PFP#711495169]
... in the literature as the energy-efficiency paradox (see, for example, jaffe and stavins, 1994). we refer the reader to the concepts of bounded rationality and 'satisficing behaviour' for interesting ... in deciding on investments in the environment, which is another way of explaining the rationality of delaying investments in the abatement of emissions. second, the temperature increase resulting in ...
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bijz8.pdf
... performance by designing innovative approaches to policy issues. in a world of bounded rationality, competition is an important channel for experiment- ing and for producing information about ... american model, individual adaptability ranks high while government failure causes scepticism about the efficiency of government intervention. in germany and the netherlands, in contrast, cooperation between ...
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Onderzoeksmemorandum (set-up) [PFP#301156075]
... clements, m.p. (1995), rationality and the role of judgement in macroeconomic forecasting , economic journal 105, 410-420. clements, m.p. (1997), evaluating the rationality of fixed-event forecasts , ... results , national institute economic review, april, 65-79. nordhaus, w.d. (1987), forecasting efficiency concepts and applications , review of economics and statistics 69, 667-674. smith, r. (1998 ...
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governance stakeholder relationships german and dutch experience pdf
... partly corresponding interests in the company. transaction cost economics3 explains why bounded rationality makes it infeasible to align diverging interests and avoid conflicts by designing ... contracts relational implicit merger standards research potential r d efficiency competitorcompetitor standards research potential r d efficiency note boxes represent agents and their goals, arrows represent ...
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Microsoft Word - bijz83.doc
... capitalism and democracy ... need each other to put some rationality into equality and some humanity into efficiency.' arthur m. okun equality and efficiency the big tradeoff 1 inleiding taxes are the price we ...
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Microsoft Word - memo122.doc
... the example of education leading to more efficient consumer choices. when making education choices, assuming rationality, consumers take into account that not only they will earn more in the future, but ... for public intervention in education from an economic point of view are to promote efficiency and equity. whereas efficiency motives in the form of spillovers have been dealt with extensively in ...
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optimality expert adjusted forecasts pdf
... evaluating interval forecasts, international economic review, no. 39, 841-862. clements, m.p.,1995, rationality and the role of judgement in macroeconomic forecasting, the economic journal, no. 105, ... forecasts by stochastic simulation, cpb discussion paper, forthcoming. nordhaus, w.d., 1987, forecasting efficiency concepts and applications, review of economics and statistics, no. patton, a. and a. ...
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