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4,600 | The Mittag-Leffler Fitting of the Phillips Curve | econ.GN | In this paper, a mathematical model based on the one-parameter Mittag-Leffler
function is proposed to be used for the first time to describe the relation
between unemployment rate and inflation rate, also known as the Phillips curve.
The Phillips curve is in the literature often represented by an
exponential-like shape... | economics |
4,601 | Economic Development and Inequality: a complex system analysis | econ.GN | By borrowing methods from complex system analysis, in this paper we analyze
the features of the complex relationship that links the development and the
industrialization of a country to economic inequality. In order to do this, we
identify industrialization as a combination of a monetary index, the GDP per
capita, and ... | economics |
4,602 | Banks as Tanks: A Continuous-Time Model of Financial Clearing | econ.GN | We present a simple continuous-time model of clearing in financial networks.
Financial firms are represented as "tanks" filled with fluid (money), flowing
in and out. Once "pipes" connecting "tanks" are open, the system reaches the
clearing payment vector in finite time. This approach provides a simple
recursive soluti... | economics |
4,603 | Economic Complexity: "Buttarla in caciara" vs a constructive approach | econ.GN | This note is a contribution to the debate about the optimal algorithm for
Economic Complexity that recently appeared on ArXiv [1, 2] . The authors of [2]
eventually agree that the ECI+ algorithm [1] consists just in a renaming of the
Fitness algorithm we introduced in 2012, as we explicitly showed in [3].
However, they... | economics |
4,604 | Interpreting Economic Complexity | q-fin.EC | Two network measures known as the Economic Complexity Index (ECI) and Product
Complexity Index (PCI) have provided important insights into patterns of
economic development. We show that the ECI and PCI are equivalent to a spectral
clustering algorithm that partitions a similarity graph into two parts. The
measures are ... | economics |
4,605 | Forecasting the sustainable status of the labor market in agriculture | econ.GN | In this article, a game-theoretic model is constructed that is related to the
problem of optimal assignments. Examples are considered. A compromise point is
found, the Nash equilibriums and the decision of the Nash arbitration scheme
are constructed. | economics |
4,606 | Justifying the Adoption and Relevance of Inflation Targeting Framework: A Time-Varying Evidence from Ghana | econ.GN | This paper scrutinizes the rationale for the adoption of inflation targeting
(IT) by Bank of Ghana in 2002. In this case, we determine the stability or
otherwise of the relationship between money supply and inflation in Ghana over
the period 1970M1-2016M3 using battery of econometric methods. The empirical
results show... | economics |
4,607 | How do public research labs use funding for research? A case study | econ.GN | This paper discusses how public research organizations consume funding for
research, applying a new approach based on economic metabolism of research
labs, in a broad analogy with biology. This approach is applied to a case study
in Europe represented by one of the biggest European public research
organizations, the Na... | economics |
4,608 | A Physical Review on Currency | econ.GN | A theoretical self-sustainable economic model is established based on the
fundamental factors of production, consumption, reservation and reinvestment,
where currency is set as a unconditional credit symbol serving as transaction
equivalent and stock means. Principle properties of currency are explored in
this ideal ec... | economics |
4,609 | Information Technologies in Public Administration | econ.GN | There are visible changes in the world organization, environment and health
of national conscience that create a background for discussion on possible
redefinition of global, state and regional management goals. The author applies
the sustainable development criteria to a hierarchical management scheme that
is to lead ... | economics |
4,610 | Lessons from the History of European EMU | econ.GN | This paper examines the history of previous examples of EMU from the
viewpoint that state actors make decisions about whether to participate in a
monetary union based on rational self-interest concerning costs and benefits to
their national economies. Illustrative examples are taken from nineteenth
century German, Ital... | economics |
4,611 | Implications of EMU for the European Community | econ.GN | Monetary integration has both costs and benefits. Europeans have a strong
aversion to exchange rate instability. From this perspective, the EMS has shown
its limits and full monetary union involving a single currency appears to be a
necessity. This is the goal of the EMU project contained in the Maastricht
Treaty. This... | economics |
4,612 | Dark Markets with Multiple Assets: Segmentation, Asymptotic Stability, and Equilibrium Prices | econ.GN | We study a generalization of the model of a dark market due to
Duffie-G\^arleanu- Pedersen [6]. Our market is segmented and involves multiple
assets. We show that this market has a unique asymptotically stable
equilibrium. In order to establish this result, we use a novel approach
inspired by a theory due to McKenzie a... | economics |
4,613 | How much income inequality is fair? Nash bargaining solution and its connection to entropy | econ.GN | The question about fair income inequality has been an important open question
in economics and in political philosophy for over two centuries with only
qualitative answers such as the ones suggested by Rawls, Nozick, and Dworkin.
We provided a quantitative answer recently, for an ideal free-market society,
by developin... | economics |
4,614 | Explicit Solutions for Optimal Resource Extraction Problems under Regime Switching Lévy Models | econ.GN | This paper studies the problem of optimally extracting nonrenewable natural
resources. Taking into account the fact that the market values of the main
natural resources i.e. oil, natural gas, copper,..., etc, fluctuate randomly
following global and seasonal macroeconomic parameters, the prices of natural
resources are ... | economics |
4,615 | Stochastic Switching Games | econ.GN | We study nonzero-sum stochastic switching games. Two players compete for
market dominance through controlling (via timing options) the discrete-state
market regime $M$. Switching decisions are driven by a continuous stochastic
factor $X$ that modulates instantaneous revenue rates and switching costs. This
generates a c... | economics |
4,616 | An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity | econ.GN | It has been conjectured that canonical Bewley--Huggett--Aiyagari
heterogeneous-agent models cannot explain the joint distribution of income and
wealth. The results stated below verify this conjecture and clarify its
implications under very general conditions. We show in particular that if (i)
agents are infinitely-live... | economics |
4,617 | CAP and Monetary Policy | econ.GN | Despite the importance of CAP-related agricultural market regulation
mechanisms within Europe, the agricultural sectors in European countries retain
a degree of sensitivity to macroeconomic activity and policies. This reality
now raises the question of the effects to be expected from the implementation
of the single mo... | economics |
4,618 | Apologia Pro Vita Sua: The Vanishing of the White Whale in the Mists | econ.GN | There are many analogies among fortune hunting in business, politics, and
science. The prime task of the gold digger was to go to the Klondikes, find the
right mine and mine the richest veins. This task requires motivation, sense of
purpose and ability. Techniques and equipment must be developed. Fortune
hunting in New... | economics |
4,619 | Hospitality Students' Perceptions towards Working in Hotels: a case study of the faculty of tourism and hotels in Alexandria University | econ.GN | The tourism and hospitality industry worldwide has been confronted with the
problem of attracting and retaining quality employees. If today's students are
to become the effective practitioners of tomorrow, it is fundamental to
understand their perceptions of tourism employment. Therefore, this research
aims at investig... | economics |
4,620 | Can Network Theory-based Targeting Increase Technology Adoption? | econ.GN | In order to induce farmers to adopt a productive new agricultural technology,
we apply simple and complex contagion diffusion models on rich social network
data from 200 villages in Malawi to identify seed farmers to target and train
on the new technology. A randomized controlled trial compares these
theory-driven netw... | economics |
4,621 | Information Content of DSGE Forecasts | econ.GN | This paper examines the question whether information is contained in
forecasts from DSGE models beyond that contained in lagged values, which are
extensively used in the models. Four sets of forecasts are examined. The
results are encouraging for DSGE forecasts of real GDP. The results suggest
that there is information... | economics |
4,622 | The Impact of Age on Nationality Bias: Evidence from Ski Jumping | econ.GN | This empirical research explores the impact of age on nationality bias. World
Cup competition data suggest that judges of professional ski jumping
competitions prefer jumpers of their own nationality and exhibit this
preference by rewarding them with better marks. Furthermore, the current study
reveals that this nation... | economics |
4,623 | A Predictive Model for Oil Market under Uncertainty: Data-Driven System Dynamics Approach | econ.GN | In recent years, there have been a lot of sharp changes in the oil price.
These rapid changes cause the traditional models to fail in predicting the
price behavior. The main reason for the failure of the traditional models is
that they consider the actual value of parameters instead of their
expectational ones. In this... | economics |
4,624 | Brexit: The Belated Threat | econ.GN | Debates on an EU-leaving referendum arose in several member states after
Brexit. We want to highlight how the exit of an additional country affects the
power distribution in the Council of the European Union. We inspect the power
indices of the member states both with and without the country which might
leave the union... | economics |
4,625 | Complexity of products: the effect of data regularisation | econ.GN | Among several developments, the field of Economic Complexity (EC) has notably
seen the introduction of two new techniques. One is the Bootstrapped Selective
Predictability Scheme (SPSb), which can provide quantitative forecasts of the
Gross Domestic Product of countries. The other, Hidden Markov Model (HMM)
regularisat... | economics |
4,626 | Economics of carbon-dioxide abatement under an exogenous constraint on cumulative emissions | econ.GN | The fossil-fuel induced contribution to further warming over the 21st century
will be determined largely by integrated CO2 emissions over time rather than
the precise timing of the emissions, with a relation of near-proportionality
between global warming and cumulative CO2 emissions. This paper examines
optimal abateme... | economics |
4,627 | Enforcing Regulation Under Illicit Adaptation | econ.GN | Attempts to curb illegal activity by enforcing regulations gets complicated
when agents react to the new regulatory regime in unanticipated ways to
circumvent enforcement. We present a research strategy that uncovers such
reactions, and permits program evaluation net of such adaptive behaviors. Our
interventions were d... | economics |
4,628 | The role of complex analysis in modeling economic growth | econ.GN | Development and growth are complex and tumultuous processes. Modern economic
growth theories identify some key determinants of economic growth. However, the
relative importance of the determinants remains unknown, and additional
variables may help clarify the directions and dimensions of the interactions.
The novel str... | economics |
4,629 | Finding a promising venture capital project with todim under probabilistic hesitant fuzzy circumstance | econ.GN | Considering the risk aversion for gains and the risk seeking for losses of
venture capitalists, the TODIM has been chosen as the decision-making method.
Moreover, group decision is an available way to avoid the limited ability and
knowledge etc. of venture capitalists.Simultaneously, venture capitalists may
be hesitant... | economics |
4,630 | Nash equilibrium of partially asymmetric three-players zero-sum game with two strategic variables | econ.GN | We consider a partially asymmetric three-players zero-sum game with two
strategic variables. Two players (A and B) have the same payoff functions, and
Player C does not. Two strategic variables are $t_i$'s and $s_i$'s for $i=A, B,
C$. Mainly we will show the following results.
1. The equilibrium when all players choo... | economics |
4,631 | Sion's mini-max theorem and Nash equilibrium in a five-players game with two groups which is zero-sum and symmetric in each group | econ.GN | We consider the relation between Sion's minimax theorem for a continuous
function and a Nash equilibrium in a five-players game with two groups which is
zero-sum and symmetric in each group. We will show the following results.
1. The existence of Nash equilibrium which is symmetric in each group implies
Sion's minima... | economics |
4,632 | The Ladder Theory of Behavioral Decision Making | econ.GN | We study individual decision-making behavioral on generic view. Using a
formal mathematical model, we investigate the action mechanism of decision
behavioral under subjective perception changing of task attributes. Our model
is built on work in two kinds classical behavioral decision making theory:
"prospect theory (PT... | economics |
4,633 | An alternative quality of life ranking on the basis of remittances | econ.GN | Remittances provide an essential connection between people working abroad and
their home countries. This paper considers these transfers as a measure of
preferences revealed by the workers, underlying a ranking of countries around
the world. In particular, we use the World Bank bilateral remittances data of
internation... | economics |
4,634 | A Flexible Design for Funding Public Goods | econ.GN | We propose a design for philanthropic or publicly-funded seeding to allow
(near) optimal provision of a decentralized, self-organizing ecosystem of
public goods. The concept extends ideas from Quadratic Voting to a funding
mechanism for endogenous community formation. Individuals make public goods
contributions to proj... | economics |
4,635 | The "power" dimension in a process of exchange | econ.GN | The field of study of this paper is the analysis of the exchange between two
subjects. Circumscribed to the micro dimension, it is however expanded with
respect to standard economic theory by introducing both the dimension of power
and the motivation to exchange. The basic reference is made by the reflections
of those ... | economics |
4,636 | Eliciting the Endowment Effect under Assigned Ownership | econ.GN | In this study we present evidence that endowment effect can be elicited
merely by assigned ownership. Using Google Customer Survey, we administered a
survey were participants (n=495) were randomly split into 4 groups. Each group
was assigned ownership of either legroom or their ability to recline on an
airline. Using t... | economics |
4,637 | Extended opportunity cost model to find near equilibrium electricity prices under non-convexities | econ.GN | This paper finds near equilibrium prices for electricity markets with
nonconvexities due to binary variables, in order to reduce the market
participants' opportunity costs, such as generators' unrecovered costs. The
opportunity cost is defined as the difference between the profit when the
instructions of the market ope... | economics |
4,638 | Influence of introducing high speed railways on intercity travel behavior in Vietnam | econ.GN | It is one of hottest topics in Vietnam whether to construct a High Speed Rail
(HSR) system or not in near future. To analyze the impacts of introducing the
HSR on the intercity travel behavior, this research develops an integrated
intercity demand forecasting model to represent trip generation and frequency,
destinatio... | economics |
4,639 | A New Form of Banking -- Concept and Mathematical Model of Venture Banking | econ.GN | This theoretical model contains concept, equations, and graphical results for
venture banking. A system of 27 equations describes the behavior of the
venture-bank and underwriter system allowing phase-space type graphs that show
where profits and losses occur. These results confirm and expand those obtained
from the or... | economics |
4,640 | Selectivity correction in discrete-continuous models for the willingness to work as crowd-shippers and travel time tolerance | econ.GN | The objective of this study is to understand the different behavioral
considerations that govern the choice of people to engage in a crowd-shipping
market. Using novel data collected by the researchers in the US, we develop
discrete-continuous models. A binary logit model has been used to estimate
crowd-shippers' willi... | economics |
4,641 | Disability for HIV and Disincentives for Health: The Impact of South Africa's Disability Grant on HIV/AIDS Recovery | econ.GN | South Africa's disability grants program is tied to its HIV/AIDS recovery
program, such that individuals who are ill enough may qualify. Qualification is
historically tied to a CD4 count of 200 cells/mm3, which improve when a person
adheres to antiretroviral therapy. This creates a potential unintended
consequence wher... | economics |
4,642 | District heating systems under high CO2 emission prices: the role of the pass-through from emission cost to electricity prices | econ.GN | Low CO2 prices have prompted discussion about political measures aimed at
increasing the cost of carbon dioxide emissions. These costs affect, inter
alia, integrated district heating system operators (DHSO), often owned by
municipalities with some political influence, that use a variety of (CO2 emis-
sion intense) heat... | economics |
4,643 | Exploring the nuances in the relationship "culture-strategy" for the business world | econ.GN | The current article explores interesting, significant and recently identified
nuances in the relationship "culture-strategy". The shared views of leading
scholars at the University of National and World Economy in relation with the
essence, direction, structure, role and hierarchy of "culture-strategy"
relation are def... | economics |
4,644 | Talent management - an etymological study | econ.GN | The current article unveils and analyzes important shades of meaning for the
widely discussed term talent management. It not only grounds the outlined
perspectives in incremental formulation and elaboration of this construct, but
also is oriented to exploring the underlying reasons for the social actors,
proposing new ... | economics |
4,645 | Dominating Attributes Of Professed Firm Culture Of Holding Companies - Members Of The Bulgarian Industrial Capital Association | econ.GN | This article aims to outline the diversity of cultural phenomena that occur
at organizational level, emphasizing the place and role of the key attributes
of professed firm culture for the survival and successful development of big
business organizations. The holding companies, members of the Bulgarian
Industrial Capita... | economics |
4,646 | Geert Hofstede et al's set of national cultural dimensions - popularity and criticisms | econ.GN | This article outlines different stages in development of the national culture
model, created by Geert Hofstede and his affiliates. This paper reveals and
synthesizes the contemporary review of the application spheres of this
framework. Numerous applications of the dimensions set are used as a source of
identifying sign... | economics |
4,647 | Contemporary facets of business successes among leading companies, operating in Bulgaria | econ.GN | The current article unveils and analyzes some important factors, influencing
diversity in strategic decision-making approaches in local companies.
Researcher's attention is oriented to survey important characteristics of the
strategic moves, undertaken by leading companies in Bulgaria. | economics |
4,648 | Social capital at venture capital firms and their financial performance: Evidence from China | econ.GN | This paper studies the extent to which social capital drives performance in
the Chinese venture capital market and explores the trend toward VC syndication
in China. First, we propose a hybrid model based on syndicated social networks
and the latent-variable model, which describes the social capital at venture
capital ... | economics |
4,649 | Critical review of models, containing cultural levels beyond the organizational one | econ.GN | The current article traces back the scientific interest to cultural levels
across the organization at the University of National and World Economy, and
especially in the series of Economic Alternatives - an official scientific
magazine, issued by this Institution. Further, a wider and critical review of
international a... | economics |
4,650 | Integrating electricity markets: Impacts of increasing trade on prices and emissions in the western United States | econ.GN | This paper presents empirically-estimated average hourly relationships
between regional electricity trade in the United States and prices, emissions,
and generation from 2015 through 2018. Consistent with economic theory, the
analysis finds a negative relationship between electricity prices in California
and regional t... | economics |
4,651 | Deriving the factor endowment--commodity output relationship for Thailand (1920-1927) using a three-factor two-good general equilibrium trade model | econ.GN | Feeny (1982, pp. 26-28) referred to a three-factor two-good general
equilibrium trade model, when he explained the relative importance of trade and
factor endowments in Thailand 1880-1940. For example, Feeny (1982) stated that
the growth in labor stock would be responsible for a substantial increase in
rice output rela... | economics |
4,652 | Aggressive Economic Incentives and Physical Activity: The Role of Choice and Technology Decision Aids | econ.GN | Aggressive incentive schemes that allow individuals to impose economic
punishment on themselves if they fail to meet health goals present a promising
approach for encouraging healthier behavior. However, the element of choice
inherent in these schemes introduces concerns that only non-representative
sectors of the popu... | economics |
4,653 | Constructing energy accounts for WIOD 2016 release | econ.GN | Most of today's products and services are made in global supply chains. As a
result, a consumption of goods and services in one country is associated with
various environmental pressures all over the world due to international trade.
Advances in global multi-region input-output models have allowed researchers to
draw d... | economics |
4,654 | Does the price of strategic commodities respond to U.S. Partisan Conflict? | econ.GN | A noteworthy feature of U.S. politics in recent years is serious partisan
conflict, which has led to intensifying polarization and exacerbating high
policy uncertainty. The US is a significant player in oil and gold markets. Oil
and gold also form the basis of important strategic reserves in the US. We
investigate whet... | economics |
4,655 | Causal Tree Estimation of Heterogeneous Household Response to Time-Of-Use Electricity Pricing Schemes | econ.GN | We examine the household-specific effects of the introduction of Time-of-Use
(TOU) electricity pricing schemes. Using a causal forest (Athey and Imbens,
2016; Wager and Athey, 2018; Athey et al., 2019), we consider the association
between past consumption and survey variables, and the effect of TOU pricing on
household... | economics |
4,656 | Religion and Terrorism: Evidence from Ramadan Fasting | econ.GN | We study the effect of religion and intense religious experiences on
terrorism by focusing on one of the five pillars of Islam: Ramadan fasting. For
identification, we exploit two facts: First, daily fasting from dawn to sunset
during Ramadan is considered mandatory for most Muslims. Second, the Islamic
calendar is not... | economics |
4,657 | Expropriations, Property Confiscations and New Offshore Entities: Evidence from the Panama Papers | econ.GN | Using the Panama Papers, we show that the beginning of media reporting on
expropriations and property confiscations in a country increases the
probability that offshore entities are incorporated by agents from the same
country in the same month. This result is robust to the use of country-year
fixed effects and the exc... | economics |
4,658 | Deep Neural Networks for Choice Analysis: A Statistical Learning Theory Perspective | econ.GN | While researchers increasingly use deep neural networks (DNN) to analyze
individual choices, overfitting and interpretability issues remain as obstacles
in theory and practice. By using statistical learning theory, this study
presents a framework to examine the tradeoff between estimation and
approximation errors, and ... | economics |
4,659 | The Case for Formation of ISP-Content Providers Consortiums by Nash Bargaining for Internet Content Delivery | econ.GN | The formation of consortiums of a broadband access Internet Service Provider
(ISP) and multiple Content Providers (CP) is considered for large-scale content
caching. The consortium members share costs from operations and investments in
the supporting infrastructure. Correspondingly, the model's cost function
includes m... | economics |
4,660 | Nighttime Light, Superlinear Growth, and Economic Inequalities at the Country Level | econ.GN | Research has highlighted relationships between size and scaled growth across
a large variety of biological and social organisms, ranging from bacteria,
through animals and plants, to cities an companies. Yet, heretofore,
identifying a similar relationship at the country level has proven challenging.
One reason is that,... | economics |
4,661 | Decision-making in Livestock Biosecurity Practices amidst Environmental and Social Uncertainty: Evidence from an Experimental Game | econ.GN | Livestock industries are vulnerable to disease threats, which can cost
billions of dollars and have substantial negative social ramifications. Losses
are mitigated through increased use of disease-related biosecurity practices,
making increased biosecurity an industry goal. Currently, there is no
industry-wide standard... | economics |
4,662 | Time will tell - Recovering Preferences when Choices are Noisy | econ.GN | The ability to uncover preferences from choices is fundamental for both
positive economics and welfare analysis. Overwhelming evidence shows that
choice is stochastic, which has given rise to random utility models as the
dominant paradigm in applied microeconomics. However, as is well known, it is
not possible to infer... | economics |
4,663 | A Simple Combinatorial Model of World Economic History | econ.GN | We use a simple combinatorial model of technological change to explain the
Industrial Revolution. The Industrial Revolution was a sudden large improvement
in technology, which resulted in significant increases in human wealth and life
spans. In our model, technological change is combining or modifying earlier
goods to ... | economics |
4,664 | Health Care Expenditures, Financial Stability, and Participation in the Supplemental Nutrition Assistance Program (SNAP) | econ.GN | This paper examines the association between household healthcare expenses and
participation in the Supplemental Nutrition Assistance Program (SNAP) when
moderated by factors associated with financial stability of households. Using a
large longitudinal panel encompassing eight years, this study finds that an
inter-tempo... | economics |
4,665 | Navigating the Cryptocurrency Landscape: An Islamic Perspective | econ.GN | Almost a decade on from the launch of Bitcoin, cryptocurrencies continue to
generate headlines and intense debate. What started as an underground
experiment by a rag tag group of programmers armed with a Libertarian manifesto
has now resulted in a thriving $230 billion ecosystem, with constant on-going
innovation. Scho... | economics |
4,666 | The effects of non-tariff measures on agri-food trade: a review and meta-analysis of empirical evidence | econ.GN | The increasing policy interests and the vivid academic debate on non-tariff
measures (NTMs) has stimulated a growing literature on how NTMs affect agrifood
trade. The empirical literature provides contrasting and heterogeneous
evidence, with some studies supporting the standards as catalysts view, and
others favouring ... | economics |
4,667 | Evolution and structure of technological systems - An innovation output network | econ.GN | This study examines the network of supply and use of significant innovations
across industries in Sweden, 1970-2013. It is found that 30% of innovation
patterns can be predicted by network stimulus from backward and forward
linkages. The network is hierarchical, characterized by hubs that connect
diverse industries in ... | economics |
4,668 | A possible alternative evaluation method for the non-use and nonmarket values of ecosystem services | econ.GN | Monetization of the non-use and nonmarket values of ecosystem services is
important especially in the areas of environmental cost-benefit analysis,
management and environmental impact assessment. However, the reliability of
valuation estimations has been criticized due to the biases that associated
with methods like th... | economics |
4,669 | The transmission of liquidity shocks via China's segmented money market: evidence from recent market events | econ.GN | This is the first study to explore the transmission paths for liquidity
shocks in China's segmented money market. We examine how money market
transactions create such pathways between China's closely-guarded banking
sector and the rest of its financial system, and empirically capture the
transmission of liquidity shock... | economics |
4,670 | Long-run Consequences of Health Insurance Promotion When Mandates are Not Enforceable: Evidence from a Field Experiment in Ghana | econ.GN | We study long-run selection and treatment effects of a health insurance
subsidy in Ghana, where mandates are not enforceable. We randomly provide
different levels of subsidy (1/3, 2/3, and full), with follow-up surveys seven
months and three years after the initial intervention. We find that a one-time
subsidy promotes... | economics |
4,671 | New dynamics of energy use and CO2 emissions in China | econ.GN | Global achievement of climate change mitigation will heavy reply on how much
of CO2 emission has and will be released by China. After rapid growth of
emissions during last decades, China CO2 emissions declined since 2014 that
driven by decreased coal consumption, suggesting a possible peak of China coal
consumption and... | economics |
4,672 | Lee-Carter method for forecasting mortality for Peruvian Population | econ.GN | In this article, we have modeled mortality rates of Peruvian female and male
populations during the period of 1950-2017 using the Lee-Carter (LC) model. The
stochastic mortality model was introduced by Lee and Carter (1992) and has been
used by many authors for fitting and forecasting the human mortality rates. The
Sin... | economics |
4,673 | Modelling Social Evolutionary Processes and Peer Effects in Agricultural Trade Networks: the Rubber Value Chain in Indonesia | econ.GN | Understanding market participants' channel choices is important to policy
makers because it yields information on which channels are effective in
transmitting information. These channel choices are the result of a recursive
process of social interactions and determine the observable trading networks.
They are character... | economics |
4,674 | Ordeal Mechanisms, Information, and the Cost-Effectiveness of Subsidies: Evidence from Subsidized Eyeglasses in Rural China | econ.GN | The cost-effectiveness of policies providing subsidized goods is often
compromised by limited use of the goods provided. Through a randomized trial,
we test two approaches to improve the cost-effectiveness of a program
distributing free eyeglasses to myopic children in rural China. Requiring
recipients to undergo an or... | economics |
4,675 | Shattering the glass ceiling? How the institutional context mitigates the gender gap in entrepreneurship | econ.GN | We examine how the institutional context affects the relationship between
gender and opportunity entrepreneurship. To do this, we develop a multi-level
model that connects feminist theory at the micro-level to institutional theory
at the macro-level. It is hypothesized that the gender gap in opportunity
entrepreneurshi... | economics |
4,676 | Influence of High-Speed Railway System on Inter-city Travel Behavior in Vietnam | econ.GN | To analyze the influence of introducing the High-Speed Railway (HSR) system
on business and non-business travel behavior, this study develops an integrated
inter-city travel demand model to represent trip generations, destination
choice, and travel mode choice behavior. The accessibility calculated from the
RP/SP (Reve... | economics |
4,677 | Apropiación privada de renta de recursos naturales? El caso del cobre en Chile | econ.GN | Unexpected increases of natural resource prices can generate rents, value
that should be recovered by the State to minimize inefficiencies, avoid
arbitrary discrimination between citizens and keep a sustainable trajectory. As
a case study about private appropriation of natural resource rent, this work
explores the case... | economics |
4,678 | Dynamic Programming with Recursive Preferences: Optimality and Applications | econ.GN | This paper provides new conditions for dynamic optimality in discrete time
and uses them to establish fundamental dynamic programming results for several
commonly used recursive preference specifications. These include Epstein-Zin
preferences, risk-sensitive preferences, narrow framing models and recursive
preferences ... | economics |
4,679 | Spreading of an infectious disease between different locations | econ.GN | The endogenous adaptation of agents, that may adjust their local contact
network in response to the risk of being infected, can have the perverse effect
of increasing the overall systemic infectiveness of a disease. We study a
dynamical model over two geographically distinct but interacting locations, to
better underst... | economics |
4,680 | Social security and labor absenteeism in a regional health service | econ.GN | Background: Absenteism can generate important economic costs. Aim: To analyze
the determinants of the time off work for sick leaves granted to workers of a
regional health service. Material and Methods: Information about 2033
individuals, working at a health service, that were granted at least one sick
leave during 201... | economics |
4,681 | Estimating biomass migration parameters by analyzing the spatial behavior of the fishing fleet | econ.GN | In this study, a method will be developed and applied for estimating
biological migration parameters of the biomass of a fishery resource by means
of a decision analysis of the spatial behavior of the fleet. First, a model of
discrete selection is estimated, together with patch capture function. This
will allow estimat... | economics |
4,682 | Internal migration and education: A cross-national comparison | econ.GN | Migration the main process shaping patterns of human settlement within and
between countries. It is widely acknowledged to be integral to the process of
human development as it plays a significant role in enhancing educational
outcomes. At regional and national levels, internal migration underpins the
efficient functio... | economics |
4,683 | Growth, Industrial Externality, Prospect Dynamics, and Well-being on Markets | econ.GN | Functions or 'functionings' enable to give a structure to any activity and
their combinations constitute the capabilities which characterize economic
assets such as work utility. The basic law of supply and demand naturally
emerges from that structure while integrating this utility within frames of
reference in which c... | economics |
4,684 | Poverty, Income Inequality and Growth in Bangladesh: Revisited Karl-Marx | econ.GN | This study tries to find the relationship among poverty inequality and
growth. The major finding of this study is poverty has reduced significantly
from 2000 to 2016, which is more than 100 percent but in recent time poverty
reduction has slowed down. Slower and unequal household consumption growth
makes sloth the rate... | economics |
4,685 | Population Growth and Economic Development in Bangladesh: Revisited Malthus | econ.GN | Bangladesh is the 2nd largest growing country in the world in 2016 with 7.1%
GDP growth. This study undertakes an econometric analysis to examine the
relationship between population growth and economic development. This result
indicates population growth adversely related to per capita GDP growth, which
means rapid pop... | economics |
4,686 | Does Random Consideration Explain Behavior when Choice is Hard? Evidence from a Large-scale Experiment | econ.GN | We study population behavior when choice is hard because considering
alternatives is costly. To simplify their choice problem, individuals may pay
attention to only a subset of available alternatives. We design and implement a
novel online experiment that exogenously varies choice sets and consideration
costs for a lar... | economics |
4,687 | Revisiting Transformation and Directional Technology Distance Functions | econ.GN | In the first part of the paper, we prove the equivalence of the unsymmetric
transformation function and an efficient joint production function (JPF) under
strong monotonicity conditions imposed on input and output correspondences.
Monotonicity, continuity, and convexity properties sufficient for a symmetric
transformat... | economics |
4,688 | Thought Viruses and Asset Prices | econ.GN | We use insights from epidemiology, namely the SIR model, to study how agents
infect each other with "investment ideas." Once an investment idea "goes
viral," equilibrium prices exhibit the typical "fever peak," which is
characteristic for speculative excesses. Using our model, we identify a time
line of symptoms that i... | economics |
4,689 | Selling Wind | econ.GN | We offer a parsimonious model to investigate how strategic wind producers
sell energy under stochastic production constraints, where the extent of
heterogeneity of wind energy availability varies according to wind farm
locations. The main insight of our analysis is that increasing heterogeneity in
resource availability... | economics |
4,690 | E-commerce in Hungary: A Market Analysis | econ.GN | E-commerce is on the rise in Hungary, with significantly growing numbers of
customers shopping online. This paper aims to identify the direct and indirect
drivers of the double-digit growth rate, including the related macroeconomic
indicators and the Digital Economy and Society Index (DESI). Moreover, this
study provid... | economics |
4,691 | Methodological provisions for conducting empirical research of the availability and implementation of the consumers socially responsible intentions | econ.GN | Social responsibility of consumers is one of the main conditions for the
recoupment of enterprises expenses associated with the implementation of social
and ethical marketing tasks. Therefore, the enterprises, which plan to act on
terms of social and ethical marketing, should monitor the social responsibility
of consum... | economics |
4,692 | Digital Economy And Society. A Cross Country Comparison Of Hungary And Ukraine | econ.GN | We live in the Digital Age in which both economy and society have been
transforming significantly. The Internet and the connected digital devices are
inseparable parts of our daily life and the engine of the economic growth. In
this paper, first I analyzed the status of digital economy and society in
Hungary, then comp... | economics |
4,693 | The Institutional Economics of Collective Waste Recovery Systems: an empirical investigation | econ.GN | The main purpose of the study is to develop the model for transaction costs
measurement in the Collective Waste Recovery Systems. The methodology of New
Institutional Economics is used in the research. The impact of the study is
related both to the enlargement of the limits of the theory about the
interaction between t... | economics |
4,694 | The Impact Of Country Of Origin In Mobile Phone Choice Of Generation Y And Z | econ.GN | Mobile phones play a very important role in our life. Mobile phone sales have
been soaring over the last decade due to the growing acceptance of
technological innovations, especially by Generations Y and Z. Understanding the
change in customers' requirement is the key to success in the smartphone
business. New, strong ... | economics |
4,695 | Public Health and access to medicine. Pharmaceutical industry's role | econ.GN | Every year, 10 million people die from lack of access to treatment for
curable diseases, specially in developing countries. Meanwhile, legal but
unsafe drugs cause 130 thousand deaths per year. How can this be happening in
21st Century? What role does the pharmaceutical industry play in this tragedy?
In this research, ... | economics |
4,696 | When does privatization spur entrepreneurial performance? The moderating effect of institutional quality in an emerging market | econ.GN | We explore how institutional quality moderates the effectiveness of
privatization on entrepreneurs sales performance. To do this, we blend agency
theory and entrepreneurial cognition theory with insights from institutional
economics to develop a model of emerging market venture performance. Using data
from the World Ba... | economics |
4,697 | Fuzzy Profit Shifting: A Model for Optimal Tax-induced Transfer Pricing with Fuzzy Arm's Length Parameter | econ.GN | This paper proposes a model of optimal tax-induced transfer pricing with a
fuzzy arm's length parameter. Fuzzy numbers provide a suitable structure for
modelling the ambiguity that is intrinsic to the arm's length parameter. For
the usual conditions regarding the anti-shifting mechanisms, the optimal
transfer price bec... | economics |
4,698 | How many people microwork in France? Estimating the size of a new labor force | econ.GN | Microwork platforms allocate fragmented tasks to crowds of providers with
remunerations as low as few cents. Instrumental to the development of today's
artificial intelligence, these micro-tasks push to the extreme the logic of
casualization already observed in "uberized" workers. The present article uses
the results o... | economics |
4,699 | Designing An Industrial Policy For Developing Countries: A New Approach | econ.GN | In this study, the prevalent methodology for design of the industrial policy
in developing countries was critically assessed, and it was shown that the
mechanism and content of classical method is fundamentally contradictory to the
goals and components of the endogenous growth theories. This study, by
proposing a new a... | economics |
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