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Economic Theory

Selected Works

Articles 1 - 3 of 3

Full-Text Articles in Physical Sciences and Mathematics

A Framework For Understanding Property Regulation And Land Use Control From A Dynamic Perspective, Donald J. Kochan Dec 2014

A Framework For Understanding Property Regulation And Land Use Control From A Dynamic Perspective, Donald J. Kochan

Donald J. Kochan

Our land use control system operates across a variety of multidimensional and dynamic categories. Learning to navigate within and between these categories requires an appreciation for their interconnected, dynamic, and textured components and an awareness of alternative mechanisms for achieving one’s land use control preferences and one’s desired ends. Whether seeking to minimize controls as a property owner or attempting to place controls on the land uses of another, one should take time to understand the full ecology of the system. This Article looks at four broad categories of control: (1) no controls, or the state of nature; (2) judicial …

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Regional Specialization: Measurement & Application, Zheng Lu Sep 2012

Regional Specialization: Measurement & Application, Zheng Lu

Zheng Lu (Chinese: 路征)

Various measure methods for regional specialization and evolution of China's regional specialization are introduced in this presentation.

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Convergence To Equilibrium In Experimental Markets, Carolyn A. Galantine Cpa., Phd, Charles W. Swenson Dec 2007

Convergence To Equilibrium In Experimental Markets, Carolyn A. Galantine Cpa., Phd, Charles W. Swenson

Carolyn A Galantine CPA., PhD

The process by which market prices achieve equilibrium is an important topic, as the price formation process is fundamental to applied economic theory. Recently, economists have been applying complex mathematical functions to study the course of market prices convergence to equilibrium. Studies have made progress in modeling the price convergence process in at least one type of experimental market setting, the double auction. The double auction is of interest not only because of its prevalence in many types of real-world markets (e.g., the New York Stock Exchange), but also because of its extensive use in experimental economics. The double auction …

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