Regardless of whether complexity is viewed as a new or an old concept in economics, it could be quite useful in constructing a moderate critical appraisal of mainstream economics.EBSCO_bspComplexity & the History of Economic Thought
What is "complexity"? The main challenge for all companies developing and producing technical products or systems today is a strong - and still increasing - competition in a world-wide ('globalised') scale. For companies in highly industrialised (hence 'expen... C Weber 被引量: 33发表: 200...
If the fiscal fund does not cause multiplier effect, in other words, that is, a piece of fiscal expenditure can not lead to consumption or investment of a few private dollars, that is, when stimulus funds are used up, that is, the day when economic growth is stagnant. Why then? fiscal...
Cost of complexity is a term often used to describe the costs that are caused by introducing newproduct platformsand products, as well as managing the variety of products produced. Many different products would cause a high cost of complexity, fewer and more similar products a low cost of comp...
since the knowledge used to enact their decisions is to some degree inaccessible or not understandable to the general public. This creates a situation where there can be a high risk of self-dealing, collusion, corruption, and cronyism. Economic problems such asrent-seeking, rent-extraction, or...
Less toxicity but at what economic cost? The information content in a rainfall-runoff record is sufficient to support models of only very limited complexity (Jakeman and Hornberger, 1993). This begs the question of what limits should observed data place on the allowable complex... Tollemar,Ring...
The decision-making of the homo economicus is perfectly rational and is never influenced by any personal biases. The homo economicus also has an unlimited cognitive capacity and can process any amount of information, regardless of its quantity, quality, or complexity. Furthermore, the homo economicu...
correlated; multicollinearity signifies when more than two independent variables are correlated.1Their opposite is orthogonality, which designates when independent variables are not correlated. Multicollinearity prevents predictive models from producing accurate predictions by increasing model complexity and ...
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A market type is a way a given group of consumers and producers interact, based on the context determined by the readiness of consumers to understand theproduct, the complexity of theproduct; how big is the existing market and how much it can potentially expand in the future. ...