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Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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TL;DR: In this paper, the authors identify and characterise four frontier research fields, encompassing both micro and macro aspects of economic theory, where machine computation play crucial roles in formal modelling exercises: algorithmic behavioural economics, computable general equilibrium theory, agent based computational economics and computable economics.
Abstract: This is an attempt at a succinct survey, from methodological and epistemological perspectives, of the burgeoning, apparently unstructured, field of what is often – misleadingly – referred to as computational economics. We identify and characterise four frontier research fields, encompassing both micro and macro aspects of economic theory, where machine computation play crucial roles in formal modelling exercises: algorithmic behavioural economics, computable general equilibrium theory, agent based computational economics and computable economics. In some senses these four research frontiers raise, without resolving, many interesting methodological and epistemological issues in economic theorising in (alternative) mathematical modes
6 citations
TL;DR: In this paper, the authors introduce heterodox economics as a viable alternative to market-fundamentalist economics and outline the articles of the special issue, which provides an overview and summary of the contributions.
Abstract: Purpose – The purpose of this article is to introduce heterodox economics as a viable alternative to market‐fundamentalist economics and to outline the articles of the special issue.Design/methodology/approach – This introductory article provides an overview and summary of the contributions in the special issue.Findings – Market‐fundamentalist economics has failed to adequately explain the economy or to provide guidance to policymakers that lead to widely‐shared prosperity and human well‐being. By contrast, heterodox economics offers social and historical narratives of both market and non‐market activities.Originality/value – The article helps general readers to get acquainted with visions and approaches that are alternative to market‐fundamentalist economics. This will allow them to imagine more concretely that a better world is possible.
6 citations
TL;DR: An overview of the emerging field of behavioral innovation economics can be found in this paper, which is the application of behavioral economic theory and principles to the subject matter of innovation economics (also known as Schumpeterian or evolutionary economics), addressing such basic questions as why innovation is so hard to organize and why public policy, while often advancing platitudes in its support, often constrains more than it supports.
Abstract: The chapter presents an overview of the emerging field of behavioral innovation economics, which is the application of behavioral economic theory and principles to the subject matter of innovation economics (also known as Schumpeterian or evolutionary economics). A behavioral innovation economics addresses such basic questions as why innovation is so hard to organize, and why public policy, while often advancing platitudes in its support, often constrains more than it supports. It focuses on why organizations, particularly large organizations, find it so hard to be innovative. It focuses on the question of the reasons why consumers adopt novelty, and the seemingly crucial importance of social context in those decisions.
6 citations