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How do people and firms choose to relocate to new cities? We argue that this difficult yet consequential choice is often poorly made, or not made at all, resulting in undermobility and consequent losses in individual utility and aggregate social welfare. We propose a behavioural economic theory...
This paper investigates the income return to entrepreneurship and wage employment by means of Lazear’s model of occupational choice. The paper has two major aims. The first is to develop a new theoretical framework for analyzing the income return to entrepreneurship by combining the Lazear model...
The original version of this article unfortunately contains an error in Appendix A.
Production theory has remained substantially unchanged since the publication of the theory of production by Frisch (Theory of production, D. Reidel, Dordrecht, 1928; Nord
613 Tidskr Tek Økon 1:12–27, 1935). The theory is based on the idea of a firm deciding on the possible input and output...
Prosperity and economic growth require robust specialization and exchange. This means the formation and maintenance of numerous complex supply chains. These are emergent and include supply chains for things and supply chains for ideas. The former involve transactions; the latter can be via...
Contributions in terms of clusters life cycle indicate that intense interactions between a variety of agents within a cluster are essential to its success. Despite being accepted by the literature, to our knowledge, this view has not yet been confirmed by analyses of large temporal networks of...
This interdisciplinary paper, informed by research and practices in neo-institutional economics, property law and land surveying, is an exploratory account of the boundary as (a) the ontological foundation of private property in land and boundary dispute resolution, and (b) as a pre-contractual...
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