How have neoclassical economists contributed to the understanding of different economic phenomena over time?

Postlewaite (1993): “Finite Bubbles with Short Sale Constraints and Asymmetric Information,” Journal of Economic Theory, 61, 206–229. Brunnermeier, M. K. (2001): ... Specifically, virtually all recent mainstream neoclassical economic research is based on the highly misleading “intermediation of loanable funds ... Oct 22, 2024 ... PDF | For a research program that counts improved empirical realism among its primary goals, it is surprising that behavioral economics ... Apr 3, 2003 ... I suggest that ecosocial systems harnessed by human population growth impose less information on ecological transformations than do typical ... The information economics approach did not supplant the neoclassical model but rather extended it to include an explicit analysis of how information ... That is, market prices synthetize a huge amount of information dispersed throughout the economy and hence coordinates economic activity vastly beyond the narrow ... This research focuses on testing Mexicans' economic and non-economic motivations to migrate ... neoclassical economics and the social capital theory. First, ... May 9, 2018 ... ... information sharing strategies of individual economic agents brings two scientific paradigms of economics, neoclassical economics and. Jun 12, 2024 ... In sum, there ain't no such thing as a market failure, the claims of most neoclassical economists to the contrary notwithstanding, certainly not ... Apart from his research on asymmetric information, Akerlof has developed economic theory with insights from sociology and social anthropology. His most ...