Paired comparison estimates of willingness to accept versus contingent valuation estimates of willingness to pay

Article Abstract:

A method of paired comparison in estimating willingness to accept is presented. The method involves making individuals make binary choices between goods or sums of money and shows that the resulting ratios between willingness to accept and willingness to pay are statistically different from previous studies but more adequately reflect actual cash experiments on the same topics.

Social Scientists, Reports, Public opinion, Social science research, Public goods, Policy sciences

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The contingent nature of the revolution predicted by Marx

Article Abstract:

Karl Marx forecast revolution as the end for capitalism. A model is set up to examine this theory, with a population theory, and land taken to be a factor of production. The effects of technical progress on the likelihood of a revolution are assessed.

Analysis, Economic aspects, Technology, Revolutions, Capitalism, Land use

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Wave trains, innovation noise, and long waves

Article Abstract:

Research is presented concerning the use of the Schumpeterian prototype model to evaluate the relationship between technological diffusion and innovation on average productivity growth rates.

Business enterprises, Industrial productivity, Diffusion of innovations

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