Presentations - PhD EM and PhD LDGD

Doctoral programme in Economics and Management 
Doctoral programme in Local Development and Global Dynamics 

Wednesday, 14 October 2015 - 3.00 pm – Laboratory 4, School of Social Sciences.

PAPERS:

An algorithmic model studying the convergence towards the Sraffian wage-profit frontier
 

Abstract
One of the purposes of Sraffa's book Production of Commodities by Means of Commodities was to understand the conditions that allow the system to reproduce itself. But how trade takes place remains an open question.
In this paper it has been constructed a virtual market formed by an heterogeneous population of algorithmic rational agents (ARAs), divided between workers and producers. The ARAs are characterized by behavioural functions, specific trading rules and are connected in a network. This algorithmic model has been used in order to investigate whether ARAs producers would be able to choose the methods of production belonging to the Sraffian wage-profit frontier.

Presenter: Sara Casagrande, Phd programme in Economics and Management

Productive Efficiency and Comparative Advantages in an Input-Output Framework. An Empirical Analysis in Europe

Abstract
In this paper we compute the Production Possibility Frontier of a set of a National productive systems producing n goods with an n dimensional production function as in the case of Input-Output tables. This allows to investigate some important aspects of European productive systems such as a) the degree of inefficient allocation of resources b) new allocations of resources that do exploit comparative advantages.

Presenter: Michele Boglioni, Phd programme in Local Development and Global Dynamics

DISCUSSANT: Prof. AJIT  KUMAR  SINHA, School of Liberal Studies, Azim Premji University, Bangalore, India