In a previous essay, we developed a simple (in)efficiency measure for matrix games. We now address the difficulties encountered in assessing the usefulness and accuracy of such a measure. JEL Classifications: C63, C72, D61

In this paper, we describe how to solve Model A (finite number of countries complete markets) of the JEDC project by using a simulation-based Parameterized Expectations Algorithm (PEA). JEL classification : C6; C63; C68; C88

This paper discusses the idea that John Stuart Mill supported two intellectual positions which are considered to be contradictory. On one hand, he proposed a radical empiricist epistemology in his System of Logic. other defended David Ricardo’s Political Economy, fairly criticized its time from an empirical point view. argues there is no internal contradiction Mill, as believes method used Econ...

This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies. ( 1999 Published by Elsevier Science B.V. All rights reserved. JEL classixcation: C63; C68; D58

This paper deals with hyperbolic discounting in a macro context. Time consistency is discussed in terms of rational behavior and rational expectations. The theory is applied to the intertemporal consumption decision in order to explain undersaving in an economy. Moreover, possible implications on policy makers’ decisions on reforms and budget deficits are evinced. Finally, the Ricardian equival...

A method is described for using the cross-linking reagent 4'-(hydroxy-methyl)-4,5',8-trimethylpsoralen (HMT) to map base paired regions and higher-order structure within RNA molecules. Applying this method to yeast tRNAPhe, we have specifically identified cross-links within the acceptor stem between U6 X U68, in the D-stem between C11 X C25, and in the T psi-stem between U50 X C63 and U52 X C63...

Four specific forms of theoretical reductionism within economics are addressed in the paper, whose main purpose is to foster a climate for change. The addressed forms are, relations among human beings are reduced to relations of equivalents; economic rationality is reduced to rational choice; the category of happiness is reduced to that of utility; trust is reduced to reputation. © 2000 Elsevie...