Sentence examples for economics agents from inspiring English sources

Economics agents eliminate the need for barter by coordinating upon a common monetary currency.

In classical economics all economic agents seek out their self-interest.

As Richard Bronk notes in his fascinating new book*: "Standard economics assumes that economic agents are perfectly rational; that is the basis of its predictive equilibrium-based models.

Pairing his critique of central planning with a defence of free markets, Hayek became a sophisticated evolutionary economist whose advocacy of markets drew attention to the weakest element in mainstream economics: the assumption that economic agents are always perfectly informed of alternative opportunities.

Transaction cost economics has proposed that economic agents be described as opportunistic where this contemplates self-interest seeking with guile.

Finally, an underlying theory based on behavioural economics studies the behavioural aspects of economic agents and how this affects their decision making [ 16].

Dr. Ozaki's academic research focuses on mathematical economics and the decision-theoretic foundation of economic agents' behavior.

Arthur, W. Brian, "On Designing Economic Agents that Behave Like Human Agents," Journal of Evolutionary Economics, 3, 1-22.

This suggests two changes to the standard formulation in economics, where agents are assumed to derive income from individual effort or from luck (which is beyond anyone's control).

In economics, Principal Agent Theory says that aligned interests increase returns.

Their formalism is intended to bridge the conceptual gap between equation-based economics and agent-based modeling.