In this paper we are concerned with the degree to which modeling languages explicitly accommodate conceptual distinctions. Such distinctions refer to the precision and nuance with which a given modeling concept in a language can be interpreted (e.g., can an actor be a human, an abstraction, or a collection of things). We start by elaborating on the notion of conceptual distinctions, while also ...

The essay is aiming at answering‘How do economists distinguish between public goods and private goods? What problems does the existence of pose for market? How might government intervene to address Illustrate with an example or examples drawn from your work experience academic literature’. This consists three parts exploring different issues related resolution externalities problems. first sect...