A disequilibrium mechanism: When managerial decisions cause macroeconomic instability
The paper aims to develop our understanding of the processes and mechanisms leading to economic instability. The research design and methods: the paper employs a simple game-theoretic model aimed at depicting why the mechanism connecting nonmaterial motivation of managers and the propensity of econo...
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| Format: | Article |
| Language: | English |
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Sciendo
2019-03-01
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| Series: | Economics and Business Review |
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| Online Access: | https://doi.org/10.18559/ebr.2019.1.5 |