Economic Modelling in Institutional Economic Theory

Institutional change in economic geography

This paper develops a rigorous concept of institutions to investigate the interrelationships between institutional and economic change from the perspective of economic geography. We view institutions neither as behavioural regularities nor as organisations or rules, but conceive institutions as stabilisations of mutual expectations and correlated interaction. The paper discusses how economic in...

Institutional Divergence in Economic Development

economic optimization and energy consumption in tray dryers

دراین پروژه به بررسی مدل سازی خشک کردن مواد غذایی با استفاده از هوای خشک در خشک کن آزمایشگاهی نوع سینی دار پرداخته شده است. برای آنالیز انتقال رطوبت در طی خشک شدن به طریق جابجایی، یک مدل لایه نازک برای انتقال رطوبت، مبتنی بر معادله نفوذ فیک در نظر گفته شده است که شامل انتقال همزمان جرم و انرژی بین فاز جامد و گاز می باشد. پروفایل دما و رطوبت برای سه نوع ماده غذایی شامل سیب زمینی، سیب و موز در طی...

An Economic Theory of Institutional Change: Induced and Imposed Change

This article draws on recent progress in economics—especially in the economics of information, property rights, transaction costs, induced innovations, household production, and the theory of the state—to analyze the functions and choices of social institutions, and to consider the mechanism of institutional change. My purpose is to show that institutions provide useful services and that instit...

Economic Crisis and Economic Theory

Two dynamic general equilibrium economies compete in explaining the United States’interwar business cycles. Despite the demand driven contender’s slight advantages, the results remain too close to call a clear winner.