In the Ultimatum Game, two players are offered a chance to win a pie. The proposer suggests how to split the pie. The responder can either accept or reject the deal. If an agreement is not reached, neither player gets anything. Both game theory and evolutionary game theory predict the rational solution that the proposer offers the smallest possible share and the responder accepts it. Fairness t...

In this paper we discuss Floridi’s views concerning semantic information in the light of a recent contribution (in collaboration with the present author) [1] that defies the traditional view of deductive reasoning as “analytic” or “tautological” and construes it as an informative, albeit non-empirical, activity. We argue that this conception paves the way for a more realistic notion of semantic...

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This paper analyses the e¤ect of endogenous directed technical change in a resource-rich economy, embedding a version of Acemoglu’s model of directed technical change in a three-by-three trade theory model. Technical progress depends on entrepreneurs who either produce or adopt technology, and who endogenously choose which sector to operate in. The static e¤ect of a resource discovery is de-ind...