UNEMPLOYMENT, VACANCIES, WAGES - Nobel Prize.
General equilibrium theory can quickly get into the higher realms of mathemat-ical economics. Nevertheless a lot of the big ideas can be expressed in a simple 5. two-person two-good exchange economy. A useful graphical way to study such economies is the Edgeworth box, after F. Edgeworth, a famous Cambridge (U.K.).
Equilibrium in Supergames in Essay in Game theory in honor of Michael Maschler, N.Meggiddo (ed.) Springer-Verlag, 1994, 17-28.
The aim of this chapter is to outline the model of punctuated equilibrium in detail, focusing on: The meaning of punctuated equilibrium, policy community and monopoly The literature on agenda setting. The use of venue shopping to explain issue expansion, shifts of attention and policy change.
Campaign finance research examines how interest groups advocate for policy using money, while punctuated equilibrium theory focuses on their informational appeals. Yet all of this activity happens in the context of the multiple political venues of the U.S. government.
Economic theorists traditionally banish discussions of information to footnotes. Serious consideration of costs of communication, imperfect knowledge, and the like would, it is believed, complicate.
Abstract: This paper traces the evolution of Group development Theory beginning with the seminal work of Tuckman and thereafter. It gives an understanding how groups are formed and what stages of development they go through to accomplish their goals. It also gives an understanding of Gersick's punctuated equilibrium, that.
The essays in this book are centered around the themes Equilibrium, Markets and Dynamics, that have been at the heart of Weddepohl's work on mathematical economics for more than three decades. The essays have been classified according to these three themes.