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Varieties of Mathematics in Economics
(National University of Ireland, Galway, 2007)
Real analysis, founded on the Zermelo-Fraenkel axioms, buttressed by the axiom of choice, is the dominant variety of mathematics utilized in the formalization of economic theory. The accident of history that led to this ...
To Plough or Play? Modelling Recreational Pursuits on Irish Farm Commonage
(National University of Ireland, Galway, 2007)
In the last decade the demand for rural recreation has increased in Ireland as the population has become increasingly urbanised. Increased affluence, mobility and changing values have also brought new demands with respect ...
A Stochastic Complexity Perspective of Induction in Economics and Inference in Dynamics
(National University of Ireland, Galway, 2007)
Rissanen's fertile and pioneering minimum description length principle (MDL) has been viewed from the point of view of statistical estimation theory, information theory, as stochastic complexity theory - i.e., a computable ...
Taming the Incomputable, Reconstructing the Nonconstructive and Deciding the Undecidable in Mathematical Economics
(National University of Ireland, Galway, 2007)
It is natural to claim, as I do in this paper, that the emergence of non-constructivities in economics is entirely due to the formalizations of economics by means of 'classical' mathematics. I have made similar claims for ...
Willingness-To-Pay and Consumer Versus Citizen Values: Evidence from Ireland
(National University of Ireland, Galway, 2007)
Environmental decision-making compares market and non-market outputs, often in terms of willingness to pay. In addition to personal, private `consumer¿ preferences, individuals may adopt a citizen perspective, judging ...
Trails or Timber? A Contingent Behaviour Model of Recreational Facilities in Irish Forestry
(National University of Ireland, Galway, 2007)
This research utilises a contingent behaviour valuation technique to value a number of improvements to recreational facilities in small-scale forests in Ireland. Willingness¿to-pay estimates have previously been made for ...
Advanced Computational Complexity Theory from an Elementary Standpoint
(National University of Ireland, Galway, 2007)
A computable economist's view of the world of computational complexity theory is described. This means the model of computation underpinning theories of computational complexity plays a central role. The emergence of ...
Making the Commons Work: Conservation and Cooperation in Common Property Resources. The Case of Irish Commonage
(National University of Ireland, Galway, 2007)
Commonage represents land held under common property which incorporates a system of local cooperative arrangements and rules to conserve and manage the Irish uplands. We analyse the institutional and economic factors which ...
Re-reading Jevons's Principles of Science-Induction Redux
(National University of Ireland, Galway, 2007)
In this paper I try to substantiate the thesis that Jevons may have been too harsh on the vices of induction and generously optimistic about the virtues of deduction, as discussed, primarily, in his magnum opus, The ...
A Model for Regulatory Intervention in Irish Banking
(National University of Ireland, Galway, 2007)
The banking system is currently experiencing an unprecedented phase of regulatory transition in order to address persistent market failures. This paper documents the need for better regulation in Irish banking and presents ...