Economic Theory, Applications and Issues Working Papers

The "Metallist" origin of money, used as a medium of exchange, is based on the presumed low efficiency of barter. However, barter is usually ill-defined and archaeologica [...]

Patterns are explored of the evolutionary stages in the management of economic exchange as economic activity grows and becomes more diverse and complex. These patterns ar [...]

Provides a sketch of the development of the concept of bounded rationality in economic thought. The concept of rationality has several meanings. These different meanings [...]

This paper contributes to the productivity literature by demonstrating novel econometric methods to estimate input-mix efficiency (IME) in a parametric framework. Input-m [...]

Using Jensen’s inequality (and its mathematical generalization), this contribution shows how increased seasonal (periodic) variability of demand for tourism services ca [...]

Using Jensen’s inequality (and its mathematical generalization), this contribution shows how increased seasonal (periodic) variability of demand for tourism services ca [...]

This article examines how well two parallel behavioral approaches, one in economics and the other in anthropology, explain the economic evolution of Neolithic societies, [...]

During the Late Bronze Age, Aegean societies (Minoan and Mycenaean) exhibited strong economic development. This resulted from the implementation by the elite of a central [...]

Several contemporary economists claim that ‘real’ economic development only occurred following the Industrial Revolution. We contend that this is only so if a narrow [...]

The literature explaining social collapse mainly focuses on factors such as wars, climate change or disease, as exemplified by numerous examples of collapses which have o [...]