Alternative Production Models in Economic Theory

Alternative Economic Models of Transition

Discrete Time Models in Economic Theory

The paper exposits a number of key dynamic models from the field of economics. The models share the feature that evolution of the system is consistent with the optimizing behavior of rational economic agents. Specifically, the laws of motion that we investigate are solutions to discrete time dynamic decision processes. Even with rational agents and simple economic environments, a variety of com...

Formal Limitations in Economic Theory and Alternative Set Theories

In this paper we discuss some formal limitations in contemporary economic theory and their solution in alternative set theories. The computability of choice functions as well as the existence of economic equilibria and of states of the world may not be ensured in general if the assumed set theory is ZFC. We claim that a switch to an alternative set theory may help to get rid of some of these ne...

Software Cost Estimation Using Economic Production Models

One ofthe major difficulties in controlling software development project cost overruns and schedule delays has been developing practical and accurate software cost models. Software development could be modeled as an economic production process and we therefore propose a theoretical approach to software cost modeling. Specifically, we present the Minimum Software Cost Model (MSCM), derived from ...

Household production theory and models

The chapter focuses on household production theory and models for non-agricultural households, largely in developed countries. The objectives of the paper are: (1) to present several types of microeconomic models of household decision making and highlight their implications for empirical food demand studies and (2) to presents an empirical application of insights gained from household productio...