Behavioral economics confronts a problem when it argues for its scientific relevance based on claims of superior empirical realism while defending models that are almost surely wrong as descriptions of true psychological processes (e.g., prospect theory, hyperbolic discounting, and social preference utility functions). Behavioral economists frequently observe that constrained optimization of ne...

The purpose of this study is investigating and determining rate of seizing assets and acquisition other companies by public sector companies. We estimate this rate at various stages of the life cycle of the company. Therefore, according to their size and age, the companies have been divided into small, large, young, and mature groups, and for this purpose, we have collected data from a sample o...

Econophysics is the transfer of methods from natural to socio-economic sciences. This concept has first been applied to finance, but it is now also used in various applications of economics and social sciences [2,3]. The present paper focuses on problems in macro economics and growth. 1. Neoclassical theory [4, 5] neglects the “ex post” property of income and growth. Income Y(K, L) is assumed t...

Neoclassical price theory was founded on axioms of price-taking behavior and the law one in a market, inconsistent with endogenous discovery markets. Classical economists including Adam Smith narrated process based buyer seller reservation values their motivation to buy low sell high; classical sketch formation offers quite fruitful foundation for modern discovery, supplied below. Market experi...

By calculating radio frequency current drive (RFCD) and the bootstrap current in a consistent kinetic manner, we find synergistic effects in the total noninductive current density in tokamaks [1]. We include quasilinear diffusion in the Drift Kinetic Equation (DKE) in order to generalize neoclassical theory to highly non-Maxwellian electron distributions due to RFCD. The parallel plasma current...

The traditional explanation for the existence of firms in terms of transaction costs conceptualizes the firm as a problem in the context of neoclassical theory. The purpose of this paper is to consider the firm as a problem in the context of evolutionary theory. An evolutionary perspective calls for an explanation of the existence of firms in historical, rather than market, terms. The paper sho...