2024-03-28T16:18:47Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:5
2019-09-28T18:36:52Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5/
Il était une fois la qualité
Lupton, Sylvie
D00 - General
Ce texte tente de retracer l’histoire de la pensée économique sur la qualité des biens en dégageant ce qui nous semble être les racines oubliées de cette réflexion à travers l’analyse de la pensée avant les classiques (droit romain, romanistes, canonistes et théologiens). Les apports principaux de la littérature contemporaine sur la qualité seront d’abord mis en avant. Dans une deuxième partie, l’approche de la qualité par les classiques sera développée à partir des travaux de Smith et Ricardo, afin de comprendre pourquoi la qualité a été éludée. Enfin, la dernière partie mettra en avant la pensée avant les classiques. Cela nous permettra de mettre en lumière l’actualité frappante de la pensée économique la plus ancienne, et la solidité des cadres d’analyse contemporaine de l’asymétrie d’information et de l’incertitude partagée pour appréhender les problèmes de l’incertitude sur la qualité des biens.
2006-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5/1/MPRA_paper_5.pdf
Lupton, Sylvie (2006): Il était une fois la qualité.
fr
oai:mpra.ub.uni-muenchen.de:883
2019-09-28T17:31:22Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D46:4631:463139
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/883/
Shipping the Good Apples Out: Alchian-Allen Theorem of Various Qualities
Saito, Tetsuya
D00 - General
F19 - Other
This paper explores conditions for which Alchian-Allen theorem–the finer quality product is relatively more purchased than the lower one in regions where additional costs are imposed–holds in models of various but finite qualities. In this paper, “finer qualities raise ratios to lower ones in response to transportation costs” defines the various qualities version of Alchian-Allen theorem. Then we find Alchian-Allen theorem holds if and only if consumptions of neighbor qualities are not so different and weighted averages of compensated elasticities by inverse of prices are decreasing in qualities. In order to provide plausible intuitions, some sufficiency conditions are also suggested.
2006-09-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/883/1/MPRA_paper_883.pdf
Saito, Tetsuya (2006): Shipping the Good Apples Out: Alchian-Allen Theorem of Various Qualities.
en
oai:mpra.ub.uni-muenchen.de:901
2019-10-03T21:34:58Z
7374617475733D756E707562
7375626A656374733D46:4631:463139
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/901/
Shipping the Good Apples Out: Alchian-Allen Theorem of Various Qualities
Saito, Tetsuya
F19 - Other
D00 - General
This paper explores conditions for which Alchian-Allen theorem–the finer quality product is relatively more purchased than the lower one in regions where additional costs are imposed–holds in models of various but finite qualities. In this paper, “finer qualities raise ratios to lower ones in response to transportation costs” defines the various qualities version of Alchian-Allen theorem. Then we find Alchian-Allen theorem holds if and only if consumptions of neighbor qualities are not so different and weighted averages of compensated elasticities by inverse of prices are decreasing in qualities. In order to provide plausible intuitions, some sufficiency conditions are also suggested.
2006-09-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/901/1/MPRA_paper_901.pdf
Saito, Tetsuya (2006): Shipping the Good Apples Out: Alchian-Allen Theorem of Various Qualities.
en
oai:mpra.ub.uni-muenchen.de:967
2019-09-26T11:33:41Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443031
7375626A656374733D47:4731:473132
7375626A656374733D45:4533:453332
7375626A656374733D49:4930
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/967/
Interview with Kenneth Arrow
Dubra, Juan
D00 - General
D01 - Microeconomic Behavior: Underlying Principles
G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates
E32 - Business Fluctuations ; Cycles
I0 - General
Arrow argues that the biggest failures of economic theory are: our failure to explain the business cycle; the missing explanations for the size of fluctuations of prices; our failure to explain the causes of growth and of the spread of innovation. He then discusses several of the existing alternatives to the rational expectations paradigm. He tells the story of his dissertation, and how Koopmans wanted to decline his Nobel Prize.Finally, he discusses health care reform, and malaria in Africa.
2005-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/967/1/MPRA_paper_967.pdf
Dubra, Juan (2005): Interview with Kenneth Arrow.
en
oai:mpra.ub.uni-muenchen.de:1297
2019-09-27T09:51:38Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D46:4631:463139
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1297/
Shipping the Good Apples Out: Another Proof with A Graphical Representation
Saito, Tetsuya
D00 - General
F19 - Other
This paper provides a proof of Alchian and Allen’s thesis—superior good is relatively more consumed in distant market—with some restrictions on the utility function. Comparing to the proof by Borcherding and Silberberg
(1978), those assumptions may restrict the model in some sense but we will find the Alchian-Allen theorem is independent of the third law of Hicks (Hicks 1946, pp. 309-311). The theorem is given by natural characteristics of
relative demand curves.
2007-01-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1297/1/MPRA_paper_1297.pdf
Saito, Tetsuya (2007): Shipping the Good Apples Out: Another Proof with A Graphical Representation.
en
oai:mpra.ub.uni-muenchen.de:2007
2019-09-26T23:40:31Z
7374617475733D756E707562
7375626A656374733D44:4430:443031
7375626A656374733D44:4430:443032
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2007/
Trust and reciprocity in incentive contracting
Rigdon, Mary
D01 - Microeconomic Behavior: Underlying Principles
D02 - Institutions: Design, Formation, Operations, and Impact
D00 - General
Principals can attempt to get agents to perform certain actions preferable to the principal by using ex post punishments or rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting (paradoxically) crowds out efficient solutions to the agency problem. This paper explores, via a novel set of laboratory experiments, the impact of ex post incentives on informal contracts between principals and agents in bargaining environments in which there are gains from exchange and when there is an opportunity for the principal to relay a no-cost demand of the division of those gains. Incentive contracting in these environments does not crowd-out off-equilibrium cooperation, and at high incentive levels cooperation is crowded in.
2005-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2007/1/MPRA_paper_2007.pdf
Rigdon, Mary (2005): Trust and reciprocity in incentive contracting.
en
oai:mpra.ub.uni-muenchen.de:2202
2019-09-26T16:47:45Z
7374617475733D707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2202/
Perfect Competition
Khan, M. Ali Khan
D00 - General
In his 1987 entry on ‘Perfect Competition’ in The New Palgrave, the
author reviewed the question of the perfectness of perfect competition, and gave
four alternative formalisations rooted in the so-called Arrow-Debreu-Mckenzie
model. That entry is now updated for the second edition to include work done on
the subject during the last twenty years. A fresh assessment of this literature is
offered, one that emphasises the independence assumption whereby individual
agents are not related except through the price system. And it highlights a
‘linguistic turn’ whereby Hayek’s two fundamental papers on ‘division of
knowledge’ are seen to have devastating consequences for this research
programme.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2202/1/MPRA_paper_2202.pdf
Khan, M. Ali Khan (2007): Perfect Competition. Published in:
en
oai:mpra.ub.uni-muenchen.de:3349
2019-09-27T04:21:21Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D43:4337:433731
7375626A656374733D43:4331:433130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3349/
A Theory of Attribution
Feldman, Barry
D00 - General
C71 - Cooperative Games
C10 - General
Attribution of economic joint effects is achieved with a random order model of their relative importance. Random order consistency and elementary axioms uniquely identify linear and proportional marginal attribution. These are the Shapley (1953) and proportional (Feldman (1999, 2002) and Ortmann (2000)) values of the dual of the implied cooperative game. Random order consistency does not use a reduced game. Restricted potentials facilitate identification of proportional value derivatives and coalition formation results. Attributions of econometric model performance, using data from Fair (1978), show stability across models. Proportional marginal attribution (PMA) is found to correctly identify factor relative importance and to have a role in model construction. A portfolio attribution example illuminates basic issues regarding utility attribution and demonstrates investment applications. PMA is also shown to mitigate concerns (e.g., Thomas (1977)) regarding strategic behavior induced by linear cost attribution.
2007-03-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3349/1/MPRA_paper_3349.pdf
Feldman, Barry (2007): A Theory of Attribution.
en
oai:mpra.ub.uni-muenchen.de:6426
2019-09-29T04:56:14Z
7374617475733D707562
7375626A656374733D43:4335:433533
7375626A656374733D4F:4F33:4F3338
7375626A656374733D4F:4F33:4F3332
7375626A656374733D44:4430:443030
7375626A656374733D45:4536:453631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6426/
Improving Distributed Intelligence in Complex Innovation Systems
Kuhlmann, Stefan
Boekholt, Patries
Georghiou, Luke
Guy, Ken
Heraud, Jean-Alain
Laredo, Philippe
Lemola, Tarmo
Loveridge, Denis
Luukkonen, Terttu
Moniz, António
Polt, Wolfgang
Rip, Arie
Sanz-Menendez, Luis
Smits, Ruud
C53 - Forecasting and Prediction Methods ; Simulation Methods
O38 - Government Policy
O32 - Management of Technological Innovation and R&D
D00 - General
E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination
Science and technology (S&T) are considered to be a central source, or at least a basic medium, of societal and industrial innovation, while innovation is conceived to basically feed the regeneration of our welfare. The suppliers of S&T in Europe as well as the users of their „products“, are confronted with a number of challenges today. We want to stress here that it was not the primary goal of our Advanced Science & Technology Policy Planning (ASTPP) Network to come up with proposals how the strategic character of European S&T policies could be strengthened. The ASTPP-network instead focuses on one aspect: the provision of strategic intelligence necessary to identify and develop strategic choices. The underlying hypothesis is that the existing body of experiences with technology foresight, technology assessment and S/T policy evaluation provides a basis for the development of an advanced S&T policy „planning“ approach by trying to enhance, interlink or even integrate the growing, but still dispersed experience in these three areas of intelligence. By „intelligent“ we mean that the inter-relatedness of S&T, industrial efforts, societal needs and political interventions becomes more transparent so that interactive collaboration between them will be facilitated.
1999-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6426/1/MPRA_paper_6426.pdf
Kuhlmann, Stefan and Boekholt, Patries and Georghiou, Luke and Guy, Ken and Heraud, Jean-Alain and Laredo, Philippe and Lemola, Tarmo and Loveridge, Denis and Luukkonen, Terttu and Moniz, António and Polt, Wolfgang and Rip, Arie and Sanz-Menendez, Luis and Smits, Ruud (1999): Improving Distributed Intelligence in Complex Innovation Systems. Published in: ASTPP Thematic Network, TSER No. Final Report (June 1999): pp. 1-87.
en
oai:mpra.ub.uni-muenchen.de:7005
2019-10-01T13:51:36Z
7374617475733D756E707562
7375626A656374733D4C:4C31:4C3134
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7005/
Trust and Reciprocity in 2-node and 3-node Networks
Alessandra Cassar, ac
Mary Rigdon, mr
L14 - Transactional Relationships ; Contracts and Reputation ; Networks
D00 - General
C91 - Laboratory, Individual Behavior
In this paper we focus on the interaction between exogenous network structure and bargaining behavior in a laboratory experiment. Our main question is how competition and cooperation interact in bargaining environments based on networked versions of the investment game. We focus on 3-node networked markets and vary the network structure to model competition upstream (multiple sellers paired with a monopsonistic buyer) and competition downstream (a monopolistic seller paired with multiple buyers). We describe two kinds of models of trust for such networked
environments, absolute and relativized models, and use this structure to generate a general hypothesis about these environments: that information crowds in cooperation on the competitive side of the market. The experimental results support this hypothesis.
2008-01-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7005/1/MPRA_paper_7005.pdf
Alessandra Cassar, ac and Mary Rigdon, mr (2008): Trust and Reciprocity in 2-node and 3-node Networks.
en
oai:mpra.ub.uni-muenchen.de:11010
2019-09-28T17:33:14Z
7374617475733D756E707562
7375626A656374733D4A:4A32:4A3231
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11010/
Improving the Labor Market Outcomes of Minorities: The Role of Employment Quota
Prakash, Nishith
J21 - Labor Force and Employment, Size, and Structure
D00 - General
The world's biggest and arguably most aggressive form of employment based affirmative action policy for minorities exists in India. This paper exploits the institutional features of Indian mandated employment quota policy to examine its effect on minorities' [scheduled castes (SCs) and scheduled tribes (STs)] labor market outcomes. My best estimate of the effect of 1- percent increase in employment quota for SCs increases their probability of finding a salaried job by 0.9- percentage points. This effect varies by gender and location. The less educated SCs experienced increase in their consumption expenditure. I do not find similar effects for the STs.
2008-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11010/1/MPRA_paper_11010.pdf
Prakash, Nishith (2008): Improving the Labor Market Outcomes of Minorities: The Role of Employment Quota.
en
oai:mpra.ub.uni-muenchen.de:11409
2019-09-30T13:35:22Z
7374617475733D756E707562
7375626A656374733D50:5031:503131
7375626A656374733D47:4731:473131
7375626A656374733D44:4430:443032
7375626A656374733D48:4836:483633
7375626A656374733D43:4336:433630
7375626A656374733D41:4131:413131
7375626A656374733D52:5235:523538
7375626A656374733D4C:4C33:4C3338
7375626A656374733D48:4831:483131
7375626A656374733D48:4838:483833
7375626A656374733D4F:4F31:4F3136
7375626A656374733D44:4436:443631
7375626A656374733D44:4437:443738
7375626A656374733D47:4732:473238
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11409/
Reforma da Administração Pública: Antes e Depois da Democracia
Martins, J. Albuquerque
P11 - Planning, Coordination, and Reform
G11 - Portfolio Choice ; Investment Decisions
D02 - Institutions: Design, Formation, Operations, and Impact
H63 - Debt ; Debt Management ; Sovereign Debt
C60 - General
A11 - Role of Economics ; Role of Economists ; Market for Economists
R58 - Regional Development Planning and Policy
L38 - Public Policy
H11 - Structure, Scope, and Performance of Government
H83 - Public Administration ; Public Sector Accounting and Audits
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
D61 - Allocative Efficiency ; Cost-Benefit Analysis
D78 - Positive Analysis of Policy Formulation and Implementation
G28 - Government Policy and Regulation
D00 - General
After the micro politics, the complexity of the “public management”, polity and policies, is the same of the “private management” or the management of the others sectors of the social production reality. The science of management it is not defined by products, functions, sectors and so on, as occurs in the economic as discipline with it focus on finance or bank.
The reasons for the activity of public and the private management are the same: the persons (market). In a post-modernism way and by influence or “imposition” of non-public big organizations, nowadays, we said “objectives”, corporate, agency theory and others best and next steps like new public management.
In this form any drive is valid and, after all, the driver don’t require any content. In that form, we are entering in the world of anaesthetics impressionisms and modernism. The costs, crisis and bankruptcy of that are enormous. Nowadays we know it, but, in fact, we know it since 1960-1980 by project PIMS, MBO, bureaucracy/autocracy and others mechanics budgets accounts.
That idealisticism and arithmetic management, economics, and influent organizations put in market one socio-psychologism and not an objective management. So, by descriptive and evidence mode, we conclude that when it applied in public administration, independently of the regime, the desired reform of the organization –in a strategic line, “society”- not occurs.
2008-03-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11409/1/MPRA_paper_11409.pdf
Martins, J. Albuquerque (2008): Reforma da Administração Pública: Antes e Depois da Democracia.
pt
oai:mpra.ub.uni-muenchen.de:12649
2019-09-27T03:34:51Z
7374617475733D756E707562
7375626A656374733D44:4437:443730
7375626A656374733D42:4234:423430
7375626A656374733D44:4430:443030
7375626A656374733D44:4436:443630
7375626A656374733D44:4438:443830
7375626A656374733D43:4331:433131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/12649/
Models of Equilibrium Pricing with Internalized Powers of Independent Judgment Based on Autonomy
Aoki, Takaaki
D70 - General
B40 - General
D00 - General
D60 - General
D80 - General
C11 - Bayesian Analysis: General
In this paper I want to describe one way of thinking about information. In effect, this paper relates to the notion that organizational or societal models of economic equilibrium incorporate a decision-making mechanism that is influenced by the independent judgment of each individual.
This decision-making mechanism has nothing to do with the notion of acting to maximize one's expected utility under a set of exogenous prices or predictions, nor are the consequences of the decisions based on this mechanism related in any way to exogenous prices, predictions, or other parameters. In terms of information theory, the goal is to generate information and make more accurate predictions about a particular condition. However, the information itself can be fundamentally flawed. Another point is that information generated for this purpose has the feature of being irreversible.
If communication is defined as a process of engaging in an economic activity while observing and analyzing information generated on the basis of the above mechanism, then it is worth considering whether communication so defined has any utility from an economic standpoint. To pursue this question, I will apply the concept postulated above to theories of economic organization and pricing, and also discuss the externality which information brings into an economy.
2000-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/12649/1/MPRA_paper_12649.pdf
Aoki, Takaaki (2000): Models of Equilibrium Pricing with Internalized Powers of Independent Judgment Based on Autonomy.
en
oai:mpra.ub.uni-muenchen.de:13070
2019-09-27T10:20:01Z
7374617475733D756E707562
7375626A656374733D44:4432:443230
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/13070/
Impact of Hydropower Projects on Economic Growth of AJK.
Atiq-ur-Rehman, Atiq-ur-Rehman
Anis, Hafsa
D20 - General
D00 - General
According to official estimates, territory of Azad Jammu & Kashmir has a potential to generate about 4600 MW of hydroelectricity, the cheapest source of energy. Total deficit in energy Pakistan is facing these days is about 5000 MW. So, only AJK can fulfill more than 90% of deficit of now demanded energy for entire country. Beside this direct and explicit advantage of hydropower projects to power sector, these projects may be extremely useful in improving many economic and social indicators at local and national level. Many socioeconomic indicators reveal that Azad Kashmir is there is huge gap in development level of AJK and National level. Development of power sector is extremely important to fill this gap. In this paper, we analyze effect of possible implementation of these projects on various economic and social sectors at local and national level. We discuss the obstacles in implementation of projects and recommendations are given at the end.
2008-12-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/13070/1/MPRA_paper_13070.pdf
Atiq-ur-Rehman, Atiq-ur-Rehman and Anis, Hafsa (2008): Impact of Hydropower Projects on Economic Growth of AJK.
en
oai:mpra.ub.uni-muenchen.de:14345
2019-09-26T08:21:11Z
7374617475733D756E707562
7375626A656374733D44:4437:443731
7375626A656374733D44:4436:443630
7375626A656374733D44:4430:443030
7375626A656374733D43:4336:433630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14345/
Szpilrajn-type theorems in economics
Andrikopoulos, Athanasios
D71 - Social Choice ; Clubs ; Committees ; Associations
D60 - General
D00 - General
C60 - General
The Szpilrajn "constructive type" theorem on
extending binary relations,
or its generalizations by Dushnik and Miller [10],
is one of the best known theorems in
social sciences and mathematical economics.
Arrow [1], Fishburn [11],
Suzumura [22], Donaldson and Weymark [8] and
others
utilize Szpilrajn's
Theorem and the Well-ordering principle to obtain more general "existence type" theorems
on
extending binary relations. Nevertheless, we are generally interested not only
in the existence of linear extensions of a binary relation R, but in something more:
the conditions of the preference sets and the properties which $R$ satisfies
to be "inherited" when one passes to any member of some
\textquotedblleft interesting\textquotedblright
family of linear extensions of R.
Moreover,
in extending a preference relation $R$, the problem will often be how to incorporate some additional preference data with a minimum
of disruption of the existing structure or how to extend the relation so that some desirable new condition is fulfilled. The key to addressing these kinds of problems is
the szpilrajn constructive method.
In this
paper, we give two general
"constructive type" theorems on
extending binary relations, a
Szpilrajn type and a Dushnik-Miller
type theorem, which generalize and give a "constructive type" version of all the well known extension
theorems in the literature.
2009-02-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14345/1/MPRA_paper_14345.pdf
Andrikopoulos, Athanasios (2009): Szpilrajn-type theorems in economics.
en
oai:mpra.ub.uni-muenchen.de:14853
2019-09-27T16:39:19Z
7374617475733D756E707562
7375626A656374733D4F:4F32:4F3235
7375626A656374733D52:5230
7375626A656374733D4C:4C32:4C3230
7375626A656374733D4C:4C38:4C3833
7375626A656374733D44:4430:443030
7375626A656374733D4D:4D32:4D3230
7375626A656374733D4C:4C30:4C3030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/14853/
Regional Competitiveness of Tourism Cluster: A Conceptual Model Proposal
Ferreira, João
Estevão, Cristina
O25 - Industrial Policy
R0 - General
L20 - General
L83 - Sports ; Gambling ; Restaurants ; Recreation ; Tourism
D00 - General
M20 - General
L00 - General
Tourism is characterized for being a sector that has been highlighted as one of the activities with greatest potential for expansion on a global scale. For its growth potential and for being a product that can only be consumed in loco, tourism accepts the prominence role of being a strategy for local development. In this context the search for competitiveness is one of the key concerns of companies around the world. As clusters being a competent tool in companies’ performance, in regional development and in countries’ competitiveness, it is important to analyze its potential in tourism. This research aims to propose a conceptual model to analyze how a tourism cluster encourages its regional competitiveness.
2009-04-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/14853/1/MPRA_paper_14853.pdf
Ferreira, João and Estevão, Cristina (2009): Regional Competitiveness of Tourism Cluster: A Conceptual Model Proposal.
en
oai:mpra.ub.uni-muenchen.de:16305
2019-09-29T00:23:44Z
7374617475733D756E707562
7375626A656374733D4C:4C32:4C3235
7375626A656374733D44:4438:443830
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/16305/
La dynamique du binôme capital financier – capital intellectuel dans la création de la valeur de l’entreprise dans une société basée sur la connaissance
Herciu, Mihaela
Ogrean, Claudia
Belascu, Lucian
L25 - Firm Performance: Size, Diversification, and Scope
D80 - General
D00 - General
The idea that the value of the firm is given by its financial capital and its intellectual capital is generally accepted. But, what is changing nowadays is the importance/weight that each one of these two components claims to have regarding the value of the firm – based on the dynamics of the changes and the intensity of the competition within an industry, on one hand, and on the measure of connection/networking to the knowledge-based economy of the given industry, on the other hand.
So, we are the witnesses of: (1) a repositioning into the dynamics of the financial capital – intellectual capital binomial relationship regarding the value creation process of a firm and (2) the need to reformulate the sustainable value creation strategies by firm management. But no value creation strategy is complete until it is transposed into the firm’s managerial processes, in models and indicators, and proofs itself viable in time.
By this paper we would like to emphasize the changes and the tendencies which are taking place into the content and structure of the market value of the firm, and to propose a guideline framework of an integrative model of analysis.
2009-03-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/16305/1/MPRA_paper_16305.pdf
Herciu, Mihaela and Ogrean, Claudia and Belascu, Lucian (2009): La dynamique du binôme capital financier – capital intellectuel dans la création de la valeur de l’entreprise dans une société basée sur la connaissance.
fr
oai:mpra.ub.uni-muenchen.de:20358
2019-10-01T04:48:35Z
7374617475733D707562
7375626A656374733D44:4437:443730
7375626A656374733D43:4330:433032
7375626A656374733D44:4430:443030
7375626A656374733D43:4336:433630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/20358/
Note on generated choice and axioms of revealed preference
Magyarkuti, Gyula
D70 - General
C02 - Mathematical Methods
D00 - General
C60 - General
In this article, we study the axiomatic foundations of revealed preference theory. Let P denote the strict and R the weak revealed preference,
respectively. The purpose of the paper is to show that weak, strong, and
Hansson's axioms of revealed preference can be given as
identities using the generated choices with respect to P and R in terms of
maximality and in terms of greatestness.
2000
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/20358/1/MPRA_paper_20358.pdf
Magyarkuti, Gyula (2000): Note on generated choice and axioms of revealed preference. Published in: Central Europen Journal of Operations Research , Vol. 8, No. 1 (2000): pp. 57-62.
en
oai:mpra.ub.uni-muenchen.de:20964
2019-09-26T08:43:47Z
7374617475733D696E7072657373
7375626A656374733D4C:4C38:4C3833
7375626A656374733D43:4337:433730
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433933
7375626A656374733D43:4337:433732
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/20964/
Do soccer players play the mixed-strategy Nash equilibrium?
Azar, Ofer H.
Bar-Eli, Michael
L83 - Sports ; Gambling ; Restaurants ; Recreation ; Tourism
C70 - General
D00 - General
C93 - Field Experiments
C72 - Noncooperative Games
Mixed-strategy Nash equilibrium (MSNE) is a commonly-used solution concept in game-theoretic models in various fields in economics, management, and other disciplines, but the experimental results whether the MSNE predicts well actual play in games is mixed. Consequently, evidence for naturally-occurring games in which the MSNE predicts the outcome well is of great importance, as it can justify the vast use of MSNE in models. The game between the kicker and goalkeeper in soccer penalty kicks is a real-world game that can be used to examine the application of the MSNE concept or its accuracy because payoffs are a common knowledge, the players have huge incentives to play correctly, the game is simple enough to analyze, its Nash equilibrium is in mixed strategies, and players' actions can be observed. We collected and analyzed data on the direction of kicks and jumps in penalty kicks in various top leagues and tournaments. Our analysis suggests that the MSNE predictions are the closest to the actual sample data, even though some other prediction methods use information on the marginal distribution of kicks or jumps whereas the MSNE does not.
2009
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/20964/1/MPRA_paper_20964.pdf
Azar, Ofer H. and Bar-Eli, Michael (2009): Do soccer players play the mixed-strategy Nash equilibrium? Forthcoming in: Applied Economics
en
oai:mpra.ub.uni-muenchen.de:21487
2019-10-02T04:12:50Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21487/
Rational choice by two sequential criteria
García-Sanz, María D.
Alcantud, José Carlos R.
D00 - General
This paper contributes to the theory of rational choice under multiple criteria.
We perform a preliminary study of the properties of
decision made by the sequential application of rational
choices.
This is then used to obtain a characterization of
set-valued choice functions that are rational by two sequential criteria, which follows the approach initiated by Manzini and Mariotti (Amer. Econ. Rev., 2007) for single-valued choice functions.
Uniqueness is not guaranteed but our proof is constructive and an explicit solution is provided in terms of approximation choice functions.
2010-03-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21487/1/MPRA_paper_21487.pdf
García-Sanz, María D. and Alcantud, José Carlos R. (2010): Rational choice by two sequential criteria.
en
oai:mpra.ub.uni-muenchen.de:21749
2019-09-29T04:54:52Z
7374617475733D756E707562
7375626A656374733D47:4731:473132
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21749/
Coarse Thinking and Pricing a Financial Option
Siddiqi, Hammad
G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates
D00 - General
Mullainathan et al [Quarterly Journal of Economics, May 2008] present a formalization of the concept of coarse thinking in the context of a model of persuasion. The essential idea behind coarse thinking is that people put situations into categories and the values assigned to attributes in a given situation are affected by the values of corresponding attributes in other co-categorized situations. We derive a new option pricing formula based on the assumption that the market consists of coarse thinkers as well as rational investors. The new formula, called the behavioral Black-Scholes formula is a generalization of the Black-Scholes formula. The new formula provides an explanation for the implied volatility skew puzzle in index options. In contrast with the Black-Scholes model, the implied volatility backed-out from the behavioral Black-Scholes formula is a constant. This finding suggests that the volatility skew (smile) may be a reflection of coarse thinking. That is, the skew is seen if rational investors are assumed to exist when actual investors are heterogeneous; coarse thinkers and rational investors.
2009-12-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21749/1/MPRA_paper_21749.pdf
Siddiqi, Hammad (2009): Coarse Thinking and Pricing a Financial Option.
en
oai:mpra.ub.uni-muenchen.de:21750
2019-10-01T18:09:19Z
7374617475733D756E707562
7375626A656374733D44:4438:443832
7375626A656374733D44:4430:443030
7375626A656374733D47:4730
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/21750/
The Puzzle of a Unique Instrument in Emerging Markets of South Asia
Siddiqi, Hammad
D82 - Asymmetric and Private Information ; Mechanism Design
D00 - General
G0 - General
A unique instrument has been associated with emerging markets of India and Pakistan. We show that the instrument can be considered a market response to the information gaps in these markets. The instrument may credibly transmit information and may eliminate information gaps. Hence, the birth of the instrument is, perhaps, an example of a creative market response to information problems.
2009-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/21750/1/MPRA_paper_21750.pdf
Siddiqi, Hammad (2009): The Puzzle of a Unique Instrument in Emerging Markets of South Asia.
en
oai:mpra.ub.uni-muenchen.de:23925
2019-09-27T10:22:40Z
7374617475733D756E707562
7375626A656374733D4E:4E32:4E3230
7375626A656374733D44:4438:443832
7375626A656374733D47:4731:473130
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/23925/
Information transmission and the emergence of a peculiar trading facility in certain emerging markets
Siddiqi, Hammad
N20 - General, International, or Comparative
D82 - Asymmetric and Private Information ; Mechanism Design
G10 - General
D00 - General
A peculiar carry over transaction facility has been associated with emerging markets of India and Pakistan. We show that the trading facility can be considered a market response to the information gaps in these markets. Information can be credibly transmitted through this trading facility. Hence, the emergence of such a trading facility is, perhaps, an example of a creative market response to information problems.
2010-04-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/23925/1/MPRA_paper_23925.pdf
Siddiqi, Hammad (2010): Information transmission and the emergence of a peculiar trading facility in certain emerging markets.
en
oai:mpra.ub.uni-muenchen.de:24008
2019-09-26T14:54:39Z
7374617475733D707562
7375626A656374733D4C:4C30
7375626A656374733D44:4434:443430
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/24008/
Learning-by-Doing and Cannibalization Effects at Multi-Vintage Firms: Evidence from the Semiconductor Industry
Siebert, Ralph Bernd
L0 - General
D40 - General
D00 - General
Previous studies on the measurement of learning-by-doing emphasize the importance of accounting
for multi-vintage effects having an impact on firms’ production costs through economies
of scope. This study shows that accounting for cannibalization effects on the demand side is
equally important for the adequate measurement of learning. Since multi-vintage firms anticipate
the demand-side cannibalization effects in their production optimization, a previously omitted incentive
to decrease production is captured having an impact on the measurement of learning by
doing. We derive an empirical model from a dynamic oligopoly game of learning-by-doing and
allow cannibalization effects to enter from the demand side. Using quarterly firm-level data for
the dynamic random access memory semiconductor industry, we find support for cannibalization
effects entering firms’ pricing relations resulting in higher estimated learning effects.
2010-03-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/24008/1/MPRA_paper_24008.pdf
Siebert, Ralph Bernd (2010): Learning-by-Doing and Cannibalization Effects at Multi-Vintage Firms: Evidence from the Semiconductor Industry. Published in: The B.E. Journal of Economic Analysis & Policy , Vol. Vol. 1, No. Issue 1 (Advances) (5 May 2010)
en
oai:mpra.ub.uni-muenchen.de:24215
2019-09-28T18:07:31Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4438:443830
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/24215/
Random queues and risk averse users
De Palma, André
Fosgerau, Mogens
D00 - General
D80 - General
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely random queue. We define the key "no residual queue" property, which holds when there is no queue at the time the last user arrives at the queue, and prove that this property holds in equilibrium under all queueing regimes considered. The no residual queue property leads to simple results concerning the equilibrium utility of users and the timing of the queue.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/24215/1/MPRA_paper_24215.pdf
De Palma, André and Fosgerau, Mogens (2010): Random queues and risk averse users.
en
oai:mpra.ub.uni-muenchen.de:25186
2019-09-27T10:00:55Z
7374617475733D756E707562
7375626A656374733D45:4532:453232
7375626A656374733D4C:4C37:4C3731
7375626A656374733D44:4432:443230
7375626A656374733D44:4434:443430
7375626A656374733D4C:4C36:4C3630
7375626A656374733D42:4235:423532
7375626A656374733D4F:4F33
7375626A656374733D4C:4C32:4C3235
7375626A656374733D44:4432:443231
7375626A656374733D44:4438:443831
7375626A656374733D4C:4C31:4C3130
7375626A656374733D43:4337:433730
7375626A656374733D4C:4C31:4C3136
7375626A656374733D44:4430:443033
7375626A656374733D4C:4C32:4C3231
7375626A656374733D44:4435:443532
7375626A656374733D44:4430:443031
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25186/
Patterns of technological progress and corporate innovation
Waśniewski, Krzysztof
E22 - Investment ; Capital ; Intangible Capital ; Capacity
L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels
D20 - General
D40 - General
L60 - General
B52 - Institutional ; Evolutionary
O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights
L25 - Firm Performance: Size, Diversification, and Scope
D21 - Firm Behavior: Theory
D81 - Criteria for Decision-Making under Risk and Uncertainty
L10 - General
C70 - General
L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change ; Industrial Price Indices
D03 - Behavioral Microeconomics: Underlying Principles
L21 - Business Objectives of the Firm
D52 - Incomplete Markets
D01 - Microeconomic Behavior: Underlying Principles
D00 - General
The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following question: why does most of innovative activity takes place in markets apparently hostile to innovation, i.e. giving back negative marginal value added on innovation ? A model is introduced in which any market may be represented as a Selten’s extensive game, subgames of which are played as Harsanyi’s games with imperfect information, by a temporarily finite and changing set of players. The firms’ innovative activity is a Nash’s dynamic equilibrium in which innovating is rational though suboptimal, without premium on innovation being a real economic profit. The model is the theoretical framework for the study of six cases: Ford Motor, General Motors, Honda, Chevron, Akzo Nobel and IBM, which allow to conclude that firms do innovation either because they have to or because this is their comparative advantage and they can do it in an exceptionally efficient way. As economic growth is grounded in efficient business patterns and in some countries those business patterns shape themselves in the context of a strong exogenous pressure on innovation. This leads to the development of economies which, regardless its pace of economic growth and balance of payments, come to a point when marginal value added on innovation is negative. At this point, however, incentives to innovate do not disappear and firms continue to apply the same business patterns and thus do create scientific input which gives back negative marginal real output. This pattern of global technological progress seem to be quite durable, with financial markets that allow to compensate, by successful financial placements, the downturns of innovative projects.
2010-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25186/1/MPRA_paper_25186.pdf
Waśniewski, Krzysztof (2010): Patterns of technological progress and corporate innovation.
en
oai:mpra.ub.uni-muenchen.de:25731
2019-09-27T15:46:31Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25731/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.
2010-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25731/1/MPRA_paper_25731.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:25956
2013-02-11T11:36:21Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25956/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.
2010-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25956/1/MPRA_paper_25956.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:27344
2019-09-27T14:49:06Z
7374617475733D756E707562
7375626A656374733D4F:4F33:4F3334
7375626A656374733D4F:4F33:4F3332
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27344/
Innovationspotenziale und -verwertungsstrategien an deutschen Hochschulen
Pohlmann, Tim
O34 - Intellectual Property and Intellectual Capital
O32 - Management of Technological Innovation and R&D
D00 - General
Universities are increasingly trying not only to pursue excellence in research, but further more to exploit its outcomes. A Knowledge and technology transfer of research results and inventions should be optimally posed to generate support and financial returns. The road from an invention to a useful innovation is complex and not always successful. It is critically to question whether research findings are always used in the sense of Universities. The great challenge is the variety of stakeholders that are involved in the innovation process. Therefore I conducted a survey to all patent relevant staff of five Hessian Universities. I received 453 answers of which ca 20% filed a patent in their University.
2009-09-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27344/1/MPRA_paper_27344.pdf
Pohlmann, Tim (2009): Innovationspotenziale und -verwertungsstrategien an deutschen Hochschulen.
de
oai:mpra.ub.uni-muenchen.de:27642
2019-09-27T14:59:32Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/27642/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/27642/1/MPRA_paper_27642.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:28282
2019-09-27T01:39:54Z
7374617475733D707562
7375626A656374733D44:4436:443632
7375626A656374733D44:4430:443030
7375626A656374733D41:4131:413130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28282/
Теоретичні аспекти категорії "антиблаго"
Petrushchak, Bohdan
D62 - Externalities
D00 - General
A10 - General
Антиблаго – економічна категорія, характер якої визначають товари і послуги, що приносять від’ємну корисність, тобто антикорисність. Поширення і збільшення обсягів виробництва і споживання антиблаг приносить однозначну шкоду як окремим людям, що є їх споживачами, так і суспільству в цілому, що проявляється у занепаді моралі, збільшенні числа злочинів, вчинених унаслідок впливу антиблаг та підвищенні смертності.
In the article the author analyses the development of category “discommodity” in the works of well-known economists of different scientific schools and times, paying the special attention to the influence of cultural, moral and religious convictions to the people’s behavior, when choosing the good. The author makes a new classification of “bad goods”, taking in consideration new trends of society life.
2008-05-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28282/1/MPRA_paper_28282.pdf
Petrushchak, Bohdan (2008): Теоретичні аспекти категорії "антиблаго". Published in: Visnyk of the Lviv University , Vol. Vol. 4, (2008): pp. 210-214.
uk
oai:mpra.ub.uni-muenchen.de:28338
2019-10-05T19:46:00Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28338/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28338/1/MPRA_paper_28338.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:28934
2019-09-28T17:51:38Z
7374617475733D756E707562
7375626A656374733D43:4337:433730
7375626A656374733D41:4131:413130
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28934/
Fraud cycles
Gong, Jiong
McAfee, R. Preston
Williams, Michael
C70 - General
A10 - General
D00 - General
Fraud is an ancient crime and one that annually causes hundreds of billions of dollars in losses. We examine the behavioral patterns over time of different types of frauds, which illustrate cyclical frequencies. We develop an evolutionary theory that suggests cyclic behavior in frauds should be common.
2011-02-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28934/1/MPRA_paper_28934.pdf
Gong, Jiong and McAfee, R. Preston and Williams, Michael (2011): Fraud cycles.
en
oai:mpra.ub.uni-muenchen.de:30853
2019-09-26T14:24:54Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/30853/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental
behavioral assumptions. This approach is not conductive to convincing
results. The suggested change of perspective is guided by the question: what
is the minimum set of propositions for the consistent reconstruction of the
evolving money economy? We start with three structural axioms and determine
their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical
economics fit consistently into the structural axiomatic framework. We focus
here on the classical theory of value as expounded by J. S. Mill.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/30853/1/MPRA_paper_30853.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:30907
2019-09-28T06:17:14Z
7374617475733D756E707562
7375626A656374733D42:4235:423530
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/30907/
The making of heterodox microeconomics
Lee, Frederic
B50 - General
D00 - General
B41 - Economic Methodology
This paper constitutes the first chapter in my work-in-progress manuscript, Microeconomic Theory: A Heterodox Approach. Because many heterodox feel that the only micro theory is mainstream micro, the paper starts with a brief rejection of mainstream theory. It then proceeds to give an overview of heterodox economic theory. The third section defines heterodox microeconomic theory and relates it to heterodox value theory. Since heterodox economic theory and particularly microeconomic theory is not already formed, it has to be created. Thus the fourth section of the paper delineates the heterodox methodology of theory creation, which includes critical realism and the method of grounded theory, and discusses various methodological issues such as data, case studies, mathematics and modeling, and econometrics. The following section deals with the historical character of heterodox economic theories; and the paper ends with a discussion about the making of heterodox microeconomic theory that will take place in the subsequent chapters of the book.
2011-05-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/30907/1/MPRA_paper_30907.pdf
Lee, Frederic (2011): The making of heterodox microeconomics.
en
oai:mpra.ub.uni-muenchen.de:31664
2019-09-26T16:16:38Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/31664/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative mood do not differ significantly with a control group. Results also suggest that irrespective of mood state, introducing a cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all-female sessions than when in mixed-gender sessions.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/31664/1/MPRA_paper_31664.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:32251
2019-09-27T16:49:33Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32251/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental
behavioral assumptions. This approach is not conductive to convincing
results. The suggested change of perspective is guided by the question: what
is the minimum set of propositions for the consistent reconstruction of the
evolving money economy? We start with three structural axioms and determine
their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical
economics fit consistently into the structural axiomatic framework. We focus
here on the classical theory of value as expounded by J. S. Mill.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32251/1/MPRA_paper_32251.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:32603
2019-10-02T21:18:30Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32603/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and determine their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus here on the classical theory of value.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32603/1/MPRA_paper_32603.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:32608
2019-09-28T16:45:14Z
7374617475733D756E707562
7375626A656374733D41:4131:413130
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32608/
Determinants of increased real prices of livestock in Balochistan
Zaman, Nadeem Uz
Marri, Sohrab Khan
A10 - General
D00 - General
The real prices of livestock in Balochistan have been increasing dramatically over the last decade and still there is no sign for them to recede. There is no study that accounts for determinants of this rise in the real prices of livestock in Balochistan. The purpose of this research was to find out the determinants for the increasing real prices of livestock. The research was mainly conducted in Balochistan including rural and urban areas of Quetta, Mastung and Kuchlaq. Twenty-nine farmers, livestock experts, government agencies and vets were selected as the respondents to gather data using questioning technique. In addition, some of the data was also obtained from the report of SMEDA. Judgemental sampling was used as the method for data collection from the respondents. The data thus collected was descriptively analysed. The study found that the determinants for the rise in the real prices of livestock included shortage of production/supply, high risk of raising animals, smuggling of livestock across the boarders, lack of government support and low level of technological use.
2011-08-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32608/1/MPRA_paper_32608.pdf
Zaman, Nadeem Uz and Marri, Sohrab Khan (2011): Determinants of increased real prices of livestock in Balochistan.
en
oai:mpra.ub.uni-muenchen.de:33013
2019-09-27T07:45:39Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33013/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and use a mixture specification that allows choices to be consistent with Expected Utility theory or with probability weighting. Time preferences between subjects in the control, positive mood, and negative mood treatments are not statistically significantly different. However, for choices consistent with Expected Utility Theory, we find that subjects induced into a negative mood exhibit higher risk aversion than those in either the control treatment or the positive mood treatment. For choices that are consistent with probability weighting, we find that positive mood increases risk aversion. Results also suggest that risk preferences are affected by whether a cognitively demanding task precedes a risk preference elicitation task or whether subjects were placed in a gender-specific session rather than a mixed-gender session.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33013/1/MPRA_paper_33013.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:33257
2019-10-04T05:57:04Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33257/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and determine their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus here on the classical theory of value.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33257/1/MPRA_paper_33257.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:33414
2019-10-01T21:46:34Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33414/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and determine their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus here on the classical theory of value.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33414/1/MPRA_paper_33414.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:33743
2019-09-26T09:09:36Z
7374617475733D756E707562
7375626A656374733D44:4432:443231
7375626A656374733D4C:4C31:4C3131
7375626A656374733D44:4431:443131
7375626A656374733D43:4330:433030
7375626A656374733D44:4439:443931
7375626A656374733D41:4131:413130
7375626A656374733D43:4335:433530
7375626A656374733D45:4533:453330
7375626A656374733D44:4430:443030
7375626A656374733D44:4439:443932
7375626A656374733D44:4430:443031
7375626A656374733D4F:4F31:4F3132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33743/
Evolutionary Model of Non-Durable Markets
Kaldasch, Joachim
D21 - Firm Behavior: Theory
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
D11 - Consumer Economics: Theory
C00 - General
D91 - Intertemporal Household Choice ; Life Cycle Models and Saving
A10 - General
C50 - General
E30 - General
D00 - General
D92 - Intertemporal Firm Choice, Investment, Capacity, and Financing
D01 - Microeconomic Behavior: Underlying Principles
O12 - Microeconomic Analyses of Economic Development
Presented is an evolutionary model of consumer non-durable markets, which is an extension of a previously published paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying statistical methods it can be shown that in a competitive market the mean price declines according to an exponential law towards a natural price, while the corresponding price distribution is approximately given by a Laplace distribution for independent price decisions of the manufacturers. The sales of individual brands are determined by a replicator dynamics. As a consequence the size distribution of business units is a lognormal distribution, while the growth rates are also given by a Laplace distribution. Moreover products with a higher fitness replace those with a lower fitness according to a logistic law.
Most remarkable is the prediction that the price distribution becomes unstable at market clearing, which is in striking difference to the Walrasian picture in standard microeconomics. The reason for this statement is that competition between products exists only if there is an excess supply, causing a decreasing mean price. When, for example by significant events, demand increases or is equal to supply, competition breaks down and the price exhibits a jump. When this supply shortage is accompanied with an arbitrage for traders, it may even evolve into a speculative bubble. Neglecting the impact of speculation here, the evolutionary model can be linked to a stochastic jump-diffusion model.
2011-09-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33743/1/MPRA_paper_33743.pdf
Kaldasch, Joachim (2011): Evolutionary Model of Non-Durable Markets.
en
oai:mpra.ub.uni-muenchen.de:33849
2019-09-26T19:36:24Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33849/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and determine their real world implications. The claim of generality entails that it
should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus here on the classical theory of value.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33849/1/MPRA_paper_33849.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:34182
2019-10-02T04:39:15Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D43:4336:433630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34182/
Weak continuity of preferences with nontransitive indifference
Bosi, Gianni
Zuanon, Magalì
D00 - General
C60 - General
We characterize weak continuity of an interval order on a topological space by using the concept of a scale in a topological space.
2011-10-17
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34182/1/MPRA_paper_34182.pdf
Bosi, Gianni and Zuanon, Magalì (2011): Weak continuity of preferences with nontransitive indifference.
en
oai:mpra.ub.uni-muenchen.de:34273
2019-09-28T15:44:47Z
7374617475733D756E707562
7375626A656374733D4E:4E34:4E3435
7375626A656374733D49:4933:493330
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4C:4C33:4C3330
7375626A656374733D4C:4C33:4C3339
7375626A656374733D49:4933:493331
7375626A656374733D4C:4C33:4C3331
7375626A656374733D4F:4F31:4F3139
7375626A656374733D41:4131:413130
7375626A656374733D49:4933:493332
7375626A656374733D49:4933:493339
7375626A656374733D4C:4C33:4C3338
7375626A656374733D4F:4F31:4F3137
7375626A656374733D49:4933:493338
7375626A656374733D48:4838:483830
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34273/
Good governance in microcredit strategy for poverty reduction: focus on western Mindanao, Philippines
Moreno, Frede
N45 - Asia including Middle East
I30 - General
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
L30 - General
L39 - Other
I31 - General Welfare, Well-Being
L31 - Nonprofit Institutions ; NGOs ; Social Entrepreneurship
O19 - International Linkages to Development ; Role of International Organizations
A10 - General
I32 - Measurement and Analysis of Poverty
I39 - Other
L38 - Public Policy
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
I38 - Government Policy ; Provision and Effects of Welfare Programs
H80 - General
D00 - General
The study argues for the integration of good governance principles in developing financially viable, effective and social equity-laden microcredit strategy for the impoverished agrarian reform beneficiaries in Western Mindanao. It particularly examines the program design and implementation strategies of the Enterprise Development Credit (EDC) sub-component of the Western Mindanao Community Initiatives Project (WMCIP). The study aims to provide lessons and insights for the planning and implementation of comprehensive and integrated Official Development Assistance (ODA)-funded government programs for poverty reduction and rural development.
The data and information were generated from combined descriptive and field studies covering a sample survey, group discussions, interviews, field visits and observations, official documents and other secondary sources. The respondents were officials and field personnel of WMCIP, line agencies, local government units (LGUs), and non-government organizations (NGOs); officers and members of cooperatives and people’s organizations (POs); religious leaders and informal moneylenders; and WMCIP beneficiaries.
Overall, microcredit is applicable only to the enterprising poor. The application of microcredit to other poverty groups who actually need subsidies and social safety nets would be a mistake. Thus, the EDC sub-component should be reformulated and revitalized following the program design of the Bangladesh Rural
Advancement Committee (BRAC). Its graduated strategy for helping the poor should be applied to the poverty pyramid by categorizing the WMCIP beneficiaries into four poverty groups: (1) micro-enterprise operators or the less poor, (2) enterprising or moderately poor, (3) laboring or very poor, and (4) poorest of the poor and most vulnerable or the ultra-poor.
The results further reveal that based on the poverty pyramid, the credit program designs of the Credit Assistance Program for Program Beneficiaries Development (CAP-PBD) and Quedan Rural Credit and Finance Corporation (QUEDANCOR) are readily applicable to the credit needs and financial capabilities of the enterprising poor. Beyond QUEDANCOR’s microcredit facility, the non- enterprising poor may actually opt for financial assistance from cooperatives or CAP- PBD to help finance their agriculture-and fishery-related production activities. On the other hand, the beneficiaries and their “not-so-strong” organizations that could not readily comply with the minimum credit standards should be provided with farm production subsidies, capability-building services and social safety nets under a special poverty alleviation project. This will enable them to pass minimum credit standards within a transition period of six months to one year.
In view of WMCIP’s EDC sub-component, the study further identifies the factors that enable or limit successful design and implementation of microcredit program and the provision of public support services. The enabling factors are vital to planning and decision-making that will eventually make the program effective and
appropriate. The limiting factors, on the other hand, facilitate the identification of strategies to manage and control credit risks and other circumstances that may hinder participation and adversely affect the attainment of objectives and desired outcomes.
On the whole, the application of good governance will improve program design and will make the implementation strategies acceptable to all organized stakeholders and individual end-beneficiaries. This will also improve the administrative capabilities of partner organizations and enable them to be effective and responsive to the differentiated poverty conditions, credit needs, preferences and financial capabilities of the impoverished target beneficiaries. These are consequently geared towards the attainment of the long-term vision of sustainable human development for the impoverished WMCIP beneficiaries.
The integration of good governance into microcredit intends to improve its program design, implementation strategies and processes. However, support services are actually necessary so as to simultaneously attain the desired social equity and financial viability objectives. The program should be orchestrated within a comprehensive and integrated approach to poverty reduction and rural development. The good governance of microcredit requires multiple organizational partnerships among the different government agencies, business sector and the civil society. Most importantly, the financial and technical support programs of the international donor community are absolutely necessary in the light of Philippine economic and fiscal challenges.
2004-11-24
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34273/1/MPRA_paper_34273.pdf
Moreno, Frede (2004): Good governance in microcredit strategy for poverty reduction: focus on western Mindanao, Philippines.
en
oai:mpra.ub.uni-muenchen.de:34371
2019-09-26T09:05:57Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34371/
Determinants of smallholder maize supply to private traders and profitability: evidence from lilongwe district in central Malawi
Maganga, Assa M.
D00 - General
This study was devoted to estimate profitability and various determinants of quantities of maize sold to private traders by smallholder farmers in Lilongwe district. Multiple Regression analysis was employed to test various determinants of quantities of maize sold to private traders. Gross margin analysis was used to estimate economic returns realized by the smallholder maize farmers supplying their produce to exporting traders. The findings of the study revealed that income level of the household, household size, access to extension service, education level of household head, size of land under maize production and price of maize were important determinants of quantities of maize that a given household sold to private traders. The gross margin per Malawi Kwacha invested was MK2.98.
2010-12-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34371/1/MPRA_paper_34371.pdf
Maganga, Assa M. (2010): Determinants of smallholder maize supply to private traders and profitability: evidence from lilongwe district in central Malawi.
en
oai:mpra.ub.uni-muenchen.de:34389
2019-09-29T07:29:00Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/34389/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and use a mixture specification that allows choices to be consistent with Expected Utility theory or with probability weighting. For choices consistent with Expected Utility Theory, we find that subjects induced into a negative mood exhibit higher risk aversion than those in either the control treatment or the positive mood treatment. For choices that are consistent with probability weighting, we find no effect of mood on risk aversion. Subjects induced into negative mood exhibit lower discount rates. Results also suggest that risk preferences are affected by whether a cognitively demanding task precedes a risk preference elicitation task or whether subjects were placed in a gender-specific session rather than a mixed-gender session.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/34389/1/MPRA_paper_34389.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:36239
2019-10-02T00:54:33Z
7374617475733D756E707562
7375626A656374733D51:5135:513530
7375626A656374733D48:4834:483430
7375626A656374733D49:4933:493331
7375626A656374733D44:4436:443630
7375626A656374733D41:4131:413130
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/36239/
Two explanations to the willingness to accept and willingness to pay gap plus an alternative
Beja Jr, Edsel
Q50 - General
H40 - General
I31 - General Welfare, Well-Being
D60 - General
A10 - General
D00 - General
The gap between the willingness to accept and willingness to pay is the outcome of incomplete valuation. The problem therefore is more about completing the valuation procedure. The first part of the solution involves two items: one is the inclusion of the direct and indirect income effects and the other is the inclusion of the substitution effect between the numeraire good (i.e., income) and the good under consideration. The second part of the solution concerns the respective hedonic content of income, the good, and the setting. These two explanations point to a third solution that puts the setting together with the income and substitution effects.
2012-01-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/36239/1/MPRA_paper_36239.pdf
Beja Jr, Edsel (2012): Two explanations to the willingness to accept and willingness to pay gap plus an alternative.
en
oai:mpra.ub.uni-muenchen.de:36324
2019-09-27T11:17:39Z
7374617475733D756E707562
7375626A656374733D44:4432:443233
7375626A656374733D44:4437:443732
7375626A656374733D44:4430:443030
7375626A656374733D43:4337:433733
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/36324/
An Unexpected Role of Local Selectivity in Social Promotion
Garcia-Martinez, Jose A.
D23 - Organizational Behavior ; Transaction Costs ; Property Rights
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D00 - General
C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games
A selection process and a hierarchical promotion system in a dynamic model are considered as in Harrington (1998) and Garcia-Martinez (2010), where agents are "climbing the pyramid" in a rank-order contest based on the "up or out" policy. The population at any level of the hierarchy is matched in groups of n agents, and each group faces a particular environment. Agents are ranked according to the quality of their performances in each particular environment. The top k performing agents from each group are promoted. The fraction (k/n) characterizes the local selectivity of the process. The role of the degree of local selectivity in the dynamic process where agents' types differ in their expected performances is studied. For low selectivity, the selection process is not strong enough to overcome the inertia of the initial population. If selectivity increases, only the best-performing type of agent will survive. If the selectivity is increased far enough, the worst-performing type also survives, and the proportion for which they account at equilibrium increases as selectivity increases. Therefore, surprisingly, no matter how low the expected success rate of a type is, if the selection process has a high enough level of selectivity, agents of that type survive in the long run: Too much selectivity is always harmful to the best-performing type.
2012-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/36324/1/MPRA_paper_36324.pdf
Garcia-Martinez, Jose A. (2012): An Unexpected Role of Local Selectivity in Social Promotion.
en
oai:mpra.ub.uni-muenchen.de:36512
2019-10-25T06:12:49Z
oai:mpra.ub.uni-muenchen.de:37007
2019-10-06T19:02:28Z
7374617475733D756E707562
7375626A656374733D44:4438:443831
7375626A656374733D44:4430:443030
7375626A656374733D43:4339:433931
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/37007/
Eliciting risk and time preferences under induced mood states
Drichoutis, Andreas
Nayga, Rodolfo
D81 - Criteria for Decision-Making under Risk and Uncertainty
D00 - General
C91 - Laboratory, Individual Behavior
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and find that subjects induced into a negative mood exhibit economically significant higher risk aversion than those in the control treatment. Those in the positive mood treatment exhibit even higher risk aversion. We find no direct effect of mood states on discount rates. Results also suggest that risk preferences are affected by whether a cognitively demanding task precedes a risk preference elicitation task or whether subjects were placed in a gender-specific session rather than a mixed-gender session.
2010-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/37007/1/MPRA_paper_37007.pdf
Drichoutis, Andreas and Nayga, Rodolfo (2010): Eliciting risk and time preferences under induced mood states.
en
oai:mpra.ub.uni-muenchen.de:38851
2019-10-02T02:32:47Z
7374617475733D756E707562
7375626A656374733D44:4437:443730
7375626A656374733D49:4933:493331
7375626A656374733D42:4235:423530
7375626A656374733D44:4430:443030
7375626A656374733D45:4536:453630
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38851/
What do happy people choose: rapid economic growth or stable economy?
Beja Jr., Edsel L.
D70 - General
I31 - General Welfare, Well-Being
B50 - General
D00 - General
E60 - General
How SWB affects individual states, outcomes, or decisions is well established in the literature, but how it affects macroeconomic states, outcomes, or decisions remains an open empirical question. This paper focuses on the public policy issue of economic progress defined as either rapid economic growth or stable economy. Results indicate a negative relationship between high SWB and choice for rapid economic growth or stable economy. This conclusion holds for people in the upper-income and middle-income countries, but not so for people in the low-income countries. In fact, results suggest that people in the low-income countries attend less to either rapid economic growth or stable economy regardless of their SWB.
2012-05-17
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38851/1/MPRA_paper_38851.pdf
Beja Jr., Edsel L. (2012): What do happy people choose: rapid economic growth or stable economy?
en
oai:mpra.ub.uni-muenchen.de:39171
2019-09-28T04:40:56Z
7374617475733D756E707562
7375626A656374733D51:5135:513530
7375626A656374733D51:5130:513030
7375626A656374733D49:4933:493331
7375626A656374733D41:4132:413230
7375626A656374733D41:4131:413130
7375626A656374733D43:4336:433630
7375626A656374733D48:4834:483430
7375626A656374733D44:4436:443630
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39171/
Two explanations to the willingness to accept and willingness to pay gap plus an alternative
Beja Jr, Edsel
Q50 - General
Q00 - General
I31 - General Welfare, Well-Being
A20 - General
A10 - General
C60 - General
H40 - General
D60 - General
D00 - General
The gap between the willingness to accept and willingness to pay is the outcome of incomplete valuation. The problem therefore is more about completing the valuation procedure. The first part of the solution involves two items: one is the inclusion of the direct and indirect income effects and the other is the inclusion of the substitution effect between the numeraire good (i.e., income) and the good under consideration. The second part of the solution concerns the respective hedonic content of income, the good, and the setting. These two explanations point to a third solution that puts the setting together with the income and substitution effects.
2012-01-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39171/1/MPRA_paper_39171.pdf
Beja Jr, Edsel (2012): Two explanations to the willingness to accept and willingness to pay gap plus an alternative.
en
oai:mpra.ub.uni-muenchen.de:39194
2019-10-05T08:32:08Z
7374617475733D756E707562
7375626A656374733D4B:4B32
7375626A656374733D45:4535
7375626A656374733D45:4536
7375626A656374733D44:4430:443030
7375626A656374733D47:4730:473031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39194/
Sovereign debt crises and financial bailouts: the anatomy and components of an everlasting relationship (I)
Ojo, Marianne
K2 - Regulation and Business Law
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
D00 - General
G01 - Financial Crises
This paper highlights why financial bailouts are an inevitable and necessary element in global efforts aimed at ensuring that financial stability is sustained. How could such bailouts be conducted in such a way that moral hazard does not become a too frequent, ever recurring issue?
Systemic risks constitute a crucial reason for the need to avoid global instability.
Adequately and promptly responding to “too big to fail” institutions and nations also constitutes a crucial component of the need to avoid and contain the spread of
systemic risks.
2012-06-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39194/1/MPRA_paper_39194.pdf
Ojo, Marianne (2012): Sovereign debt crises and financial bailouts: the anatomy and components of an everlasting relationship (I).
en
oai:mpra.ub.uni-muenchen.de:39385
2019-09-29T04:39:59Z
7374617475733D756E707562
7375626A656374733D44:4431:443131
7375626A656374733D44:4434:443431
7375626A656374733D44:4435:443531
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39385/
Some remarks on restricted bargaining sets
Hervés-Estévez, Javier
Moreno-García, Emma
D11 - Consumer Economics: Theory
D41 - Perfect Competition
D51 - Exchange and Production Economies
D00 - General
We analyze bargaining mechanisms for allocating resources in atomless econo- mies. We provide results proving that it is not necessary to consider the forma- tion of all coalitions in order to obtain the bargaining sets. This is shown under restrictions of different nature, triggering different equivalence results. In addi- tion, several counterexamples state boundaries for the possibility of extending and generalizing our results.
2012-06-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39385/1/MPRA_paper_39385.pdf
Hervés-Estévez, Javier and Moreno-García, Emma (2012): Some remarks on restricted bargaining sets.
en
oai:mpra.ub.uni-muenchen.de:40566
2019-09-28T06:59:16Z
7374617475733D707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/40566/
Demand and Supply Surfaces
Ruiz Estrada, M.A.
D00 - General
This paper shows a new optical visualization of demand and supply based on the application of surfaces. The objective of initiating the demand and supply surfaces is to propose the application of multi-dimensional graphs among academics, economists and policy makers in the study of microeconomics and macroeconomics analyses in the short
and long term. To create the demand and supply surfaces, this research suggests applying “the Infinity Cartesian space (I-Cartesian space)” (Ruiz 2006). In applying I-Cartesian space, the researcher is able to use the large number of Cartesian spaces offered in Econographicology.
2008-06-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/40566/1/MPRA_paper_40566.pdf
Ruiz Estrada, M.A. (2008): Demand and Supply Surfaces. Published in: Malaysian Journal of Economic Studies , Vol. 42, No. 1 (25 June 2008): pp. 71-77.
en
oai:mpra.ub.uni-muenchen.de:40907
2019-09-30T12:43:30Z
7374617475733D707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/40907/
Уравновешенные состояния в задачах векторной оптимизации
Polterovich, Victor
D00 - General
The problem of finding a Pareto point which would satisfy additional conditions in the form of equalities is stated. A theorem on existence of a solution is proved. Examples are given.
1984
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/40907/1/MPRA_paper_40907.pdf
Polterovich, Victor (1984): Уравновешенные состояния в задачах векторной оптимизации. Published in: Avtomatika i telemekhanika No. 5 (1984): pp. 89-96.
ru
oai:mpra.ub.uni-muenchen.de:41240
2019-10-02T17:20:34Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D44:4438:443833
7375626A656374733D44:4438:443830
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/41240/
A Joint Characterization of Belief Revision Rules
Dietrich, Franz
List, Christian
Bradley, Richard
C00 - General
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
D80 - General
D00 - General
This paper characterizes different belief revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning an entire new conditional probability function. Though seemingly different, these revision rules follow from the same two principles: responsiveness, which requires that revised beliefs be consistent with the learning experience, and conservativeness, which requires that those beliefs of the agent on which the learning experience is `silent' (in a technical sense) do not change. So, the four revision rules apply the same revision policy, yet to different kinds of learning experience.
2012-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/41240/1/MPRA_paper_41240.pdf
Dietrich, Franz and List, Christian and Bradley, Richard (2012): A Joint Characterization of Belief Revision Rules.
en
oai:mpra.ub.uni-muenchen.de:43269
2019-10-05T02:32:46Z
7374617475733D756E707562
7375626A656374733D45:4530:453030
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43269/
Geometrical exposition of structural axiomatic economics (I): Fundamentals
Kakarot-Handtke, Egmont
E00 - General
D00 - General
Behavioral assumptions are not solid enough to be eligible as first principles
of theoretical economics. Hence all endeavors to lay the formal foundation
on a new site and at a deeper level actually need no further vindication. Part
(I) of the structural axiomatic analysis submits three nonbehavioral axioms
as groundwork and applies them to the simplest possible case of the pure
consumption economy. The geometrical analysis makes the interrelations
between income, profit and employment under the conditions of market
clearing and budget balancing immediately evident. Part (II) applies the
differentiated axiom set to the analysis of qualitative and temporal aggregation.
2012-05-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43269/1/MPRA_paper_43269.pdf
Kakarot-Handtke, Egmont (2012): Geometrical exposition of structural axiomatic economics (I): Fundamentals.
en
oai:mpra.ub.uni-muenchen.de:43484
2019-10-04T04:45:11Z
7374617475733D707562
7375626A656374733D42:4235:423531
7375626A656374733D45:4530
7375626A656374733D42:4233:423331
7375626A656374733D43:4330
7375626A656374733D42:4234
7375626A656374733D4E:4E30:4E3030
7375626A656374733D45:4531
7375626A656374733D42:4235:423532
7375626A656374733D4E:4E30
7375626A656374733D43:4330:433032
7375626A656374733D42:4232:423234
7375626A656374733D42:4235
7375626A656374733D45:4533
7375626A656374733D42:4230
7375626A656374733D4B:4B30
7375626A656374733D43:4330:433030
7375626A656374733D43:4335
7375626A656374733D4B:4B30:4B3030
7375626A656374733D42:4235:423530
7375626A656374733D44:4434
7375626A656374733D41:4131:413130
7375626A656374733D44:4430
7375626A656374733D43:4335:433533
7375626A656374733D42:4234:423430
7375626A656374733D41:4131:413133
7375626A656374733D41:4131:413132
7375626A656374733D42:4235:423539
7375626A656374733D43:4332:433232
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43484/
Predicting crises: Five essays on the mathematic prediction of economic and social crises
Albers, Scott
B51 - Socialist ; Marxian ; Sraffian
E0 - General
B31 - Individuals
C0 - General
B4 - Economic Methodology
N00 - General
E1 - General Aggregative Models
B52 - Institutional ; Evolutionary
N0 - General
C02 - Mathematical Methods
B24 - Socialist ; Marxist ; Sraffian
B5 - Current Heterodox Approaches
E3 - Prices, Business Fluctuations, and Cycles
B0 - General
K0 - General
C00 - General
C5 - Econometric Modeling
K00 - General
B50 - General
D4 - Market Structure, Pricing, and Design
A10 - General
D0 - General
C53 - Forecasting and Prediction Methods ; Simulation Methods
B40 - General
A13 - Relation of Economics to Social Values
A12 - Relation of Economics to Other Disciplines
B59 - Other
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
D00 - General
B41 - Economic Methodology
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic progression of events which may be analyzed according to a set formula. The model proposed demonstrates that the citizen’s individual “consciousness” is writ large in the macro-economic statistics of this unique economy and thereby made available for inspection at other levels of reality.
2012-12-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43484/1/MPRA_paper_43484.pdf
Albers, Scott (2012): Predicting crises: Five essays on the mathematic prediction of economic and social crises. Published in: Middle East Studies On-line Journal , Vol. Volume, No. Issue 6 (8 August 2011): pp. 199-253.
en
oai:mpra.ub.uni-muenchen.de:43725
2019-09-30T16:45:48Z
7374617475733D756E707562
7375626A656374733D45:4530:453030
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43725/
Geometrical exposition of structural axiomatic economics (II): qualitative and temporal aggregation
Kakarot-Handtke, Egmont
E00 - General
D00 - General
Behavioral assumptions are not solid enough to be eligible as first principles
of theoretical economics. Hence all endeavors to lay the formal foundation
on a new site and at a deeper level actually need no further vindication. Part
(I) of the structural axiomatic analysis submits three nonbehavioral axioms
as groundwork and applies them to the simplest possible case of the pure
consumption economy. The geometrical analysis makes the interrelations
between income, profit and employment under the conditions of market
clearing and budget balancing immediately evident. Part (II) applies the
differentiated axiom set to the analysis of qualitative and temporal aggregation.
2011-09-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43725/1/MPRA_paper_43725.pdf
Kakarot-Handtke, Egmont (2011): Geometrical exposition of structural axiomatic economics (II): qualitative and temporal aggregation.
en
oai:mpra.ub.uni-muenchen.de:43843
2019-10-05T09:30:19Z
7374617475733D756E707562
7375626A656374733D4A:4A33:4A3331
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43843/
Changing Factor Incomes in Industries and Occupations: Review of Long Term Trends
Roy, Satyaki
J31 - Wage Level and Structure ; Wage Differentials
D00 - General
Impressive growth in India in the recent past had been accompanied by rising inequality that can largely be attributed to changing factor shares in favour of profits. This paper apart from looking into factor shares such as wages, profits, rents and interests also focuses on the changing share of inputs in value of output. The changes are identified at the macro level and also at more disaggregated levels of corporate sector, manufacturing segment and industries at two digit levels. The paper argues that rising capital intensity in industries can largely be explained by the peculiar trajectory of growth that increasingly depends on profit income but also indicates that investments in
the manufacturing sector were not always directed towards productivity raising machinery but also toward creating capacities that did not result in higher productivity. The paper highlights that average wage of workers falls far short from their productivity and in fact the labour lost more than half they could get for producing the same output in the past two decades. In the final section the paper argues that skill premium for workers in an excess labour supply situation is largely determined by the relative
absorption capacity of various sectors and not really linked to skill requirements of specific sectors.
2012-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43843/1/MPRA_paper_43843.pdf
Roy, Satyaki (2012): Changing Factor Incomes in Industries and Occupations: Review of Long Term Trends.
en
oai:mpra.ub.uni-muenchen.de:44046
2019-10-01T18:16:58Z
7374617475733D756E707562
7375626A656374733D45:4530:453030
7375626A656374733D44:4430:443030
7375626A656374733D41:4131:413131
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44046/
Confused confusers. How to stop thinking like an economist and start thinking like a scientist
Kakarot-Handtke, Egmont
E00 - General
D00 - General
A11 - Role of Economics ; Role of Economists ; Market for Economists
B41 - Economic Methodology
The present paper takes it as an indisputable fact that subjective-behavioral
thinking leads, for deeper methodological reasons, with inner necessity to
inconclusive filibustering about the agents’ economic conduct and therefore
has to be replaced by something fundamentally different. The key argument
runs as follows: (a) the subjective-behavioral approach can not, as a matter of
principle, afford a correct profit theory, (b) without a correct profit theory it
is impossible to comprehend how the monetary economy works, (c) without
this knowledge economic policy proposals are unjustifiable, (d) thinking like
an economist may be hazardous to the economy.
2013-01-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44046/1/MPRA_paper_44046.pdf
Kakarot-Handtke, Egmont (2013): Confused confusers. How to stop thinking like an economist and start thinking like a scientist.
en
oai:mpra.ub.uni-muenchen.de:46374
2019-10-10T14:02:52Z
7374617475733D756E707562
7375626A656374733D45:4534:453433
7375626A656374733D42:4231:423132
7375626A656374733D44:4430:443030
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/46374/
The pure logic of value, profit, interest
Kakarot-Handtke, Egmont
E43 - Interest Rates: Determination, Term Structure, and Effects
B12 - Classical (includes Adam Smith)
D00 - General
B41 - Economic Methodology
Standard economic models are based on axioms that epitomize the fundamental
behavioral assumptions. This approach is trapped in a blind alley.
The suggested change of perspective is guided by the question: what is the
minimum set of nonbehavioral propositions for the consistent reconstruction
of the evolving monetary economy? We start with three structural axioms and
determine their real world implications. The differentiation of the axiom set
leads to the structural value theorem. For the limiting case of the competitive
structure a formal link to the classical and neoclassical value theories can be
established.
2011-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/46374/1/MPRA_paper_46374.pdf
Kakarot-Handtke, Egmont (2011): The pure logic of value, profit, interest.
en
oai:mpra.ub.uni-muenchen.de:46596
2019-10-05T05:09:11Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4433
7375626A656374733D4F:4F31
7375626A656374733D4F:4F34:4F3430
7375626A656374733D50:5034
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/46596/
On the Earliest Income Inequality and Economic Growth
Atayev, Atabek
D00 - General
D3 - Distribution
O1 - Economic Development
O40 - General
P4 - Other Economic Systems
Analysis of the earliest income inequality and economic growth reveal new insight on interrelation between the variable. This is why our study focuses on analyzing causes of the earliest inequality and growth. We find that external power exercised by slave owners is force which has given occasion to inequality and growth and their positive correlation. This finding provides fundamentally different understanding of the issue.
2013-03-28
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/46596/1/MPRA_paper_46596.pdf
Atayev, Atabek (2013): On the Earliest Income Inequality and Economic Growth.
en
oai:mpra.ub.uni-muenchen.de:46917
2019-10-07T14:33:00Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D45:4530:453030
7375626A656374733D45:4533:453330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/46917/
How to Get Rid of Demand–Supply–Equilibrium for Good
Kakarot-Handtke, Egmont
D00 - General
E00 - General
E30 - General
The present paper provides a substantial re-conceptualization of the serial
clearing of the product market on the basis of structural axioms. This change
of premises is required simply because from the accustomed premises only the
accustomed conclusions can be derived and these are known to be inapplicable
in the real world. This holds in particular for the still popular idea that the
working of a market can be described in terms of the triad demand function–
supply function–equilibrium. Structural axiomatization provides the complete
and consistent picture of interrelated product market events.
2003-05-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/46917/1/MPRA_paper_46917.pdf
Kakarot-Handtke, Egmont (2003): How to Get Rid of Demand–Supply–Equilibrium for Good.
en
oai:mpra.ub.uni-muenchen.de:47048
2019-09-27T10:40:18Z
7374617475733D707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4438:443830
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/47048/
Random queues and risk averse users
De Palma, André
Fosgerau, Mogens
D00 - General
D80 - General
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely
random queue. We define the key "no residual queue" property, which holds when there is no queue at the time the last user arrives at the queue, and prove that this property holds in equilibrium under all queueing regimes considered.
The no residual queue property leads to simple results concerning the equilibrium utility of users and the timing of the queue.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/47048/1/MPRA_paper_47048.pdf
De Palma, André and Fosgerau, Mogens (2013): Random queues and risk averse users. Published in: European Journal of Operational Research , Vol. 230, No. 2 (2013): pp. 313-320.
en
oai:mpra.ub.uni-muenchen.de:47080
2019-10-04T04:51:21Z
7374617475733D707562
7375626A656374733D43:4336:433631
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/47080/
Exact and Useful Optimization Methods for Microeconomics
Balder, Erik
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
D00 - General
This paper points out that the treatment of utility maximization in current textbooks on microeconomic theory is deficient in at least three respects: breadth of coverage, completeness-cum-coherence of solution methods and mathematical correctness. Improvements are suggested in the form of a Kuhn-Tucker type theorem that has been customized for microeconomics. To ensure uniqueness of the optimal solution (if applicable), an apparently new adaptation of the notion of strict quasiconcavity is introduced. The role of the domain of differentiability of
the utility function is emphasized. This is not only to repair a widespread error in the microeconomic literature but also to point out that this domain can be chosen sensibly in order to include the maximization of certain nondifferentiable utility functions, such as Leontiev utility functions. To underscore the usefulness
of the optimality conditions obtained here, five quite different instances of utility maximization are completely solved by a single coherent method.
2008-04-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/47080/1/MPRA_paper_47080.pdf
Balder, Erik (2008): Exact and Useful Optimization Methods for Microeconomics. Published in: Springer Lecture Notes in Economics and Mathematical Systems , Vol. 655, No. New Insights into the Theory of Giffen Goods (12 October 2011): pp. 21-38.
en
oai:mpra.ub.uni-muenchen.de:48005
2019-09-29T06:15:13Z
7374617475733D707562
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D47:4730:473032
7375626A656374733D47:4732:473234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48005/
The Relationship Conflict between Venture Capital and Entrepreneur
Alqatawni, Tahsen
D0 - General
D00 - General
G02 - Behavioral Finance: Underlying Principles
G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies
The dilemmas that may encounter entrepreneurship result of an expected conflict between VCs and entrepreneur, disagreement can be beneficial for the venture performance. While the conflicts classified as personal disagreement, which negatively associated with entrepreneur’s performance. In this paper, after the author reviewed the literature studies that involve the entrepreneur and venture capital, related domains of research into relationships between both. There is a significant gap in research, which focus on possible resolution of relationship conflict between the entrepreneurs and venture capital.
2013-07-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48005/1/MPRA_paper_48005.pdf
Alqatawni, Tahsen (2013): The Relationship Conflict between Venture Capital and Entrepreneur. Published in: Social Science Research Network (SSRN) , Vol. 11, No. 2289585 (3 July 2013)
en
oai:mpra.ub.uni-muenchen.de:48006
2019-09-30T08:22:42Z
7374617475733D707562
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D47:4730:473032
7375626A656374733D47:4732:473234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48006/
The Relationship Conflict between Venture Capital and Entrepreneur
Alqatawni, Tahsen
D0 - General
D00 - General
G02 - Behavioral Finance: Underlying Principles
G24 - Investment Banking ; Venture Capital ; Brokerage ; Ratings and Ratings Agencies
The dilemmas that may encounter entrepreneurship result of an expected conflict between VCs and entrepreneur, disagreement can be beneficial for the venture performance. While the conflicts classified as personal disagreement, which negatively associated with entrepreneur’s performance. In this paper, after the author reviewed the literature studies that involve the entrepreneur and venture capital, related domains of research into relationships between both. There is a significant gap in research, which focus on possible resolution of relationship conflict between the entrepreneurs and venture capital.
2013-07-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48006/1/MPRA_paper_48005.pdf
Alqatawni, Tahsen (2013): The Relationship Conflict between Venture Capital and Entrepreneur. Published in: Social Science Research Network (SSRN) , Vol. 12, No. 2289585 (3 July 2013)
en
oai:mpra.ub.uni-muenchen.de:48229
2019-09-27T04:32:28Z
7374617475733D756E707562
7375626A656374733D41:4131
7375626A656374733D42:4234:423430
7375626A656374733D43:4330:433032
7375626A656374733D44:4430:443030
7375626A656374733D45:4530
7375626A656374733D45:4530:453030
7375626A656374733D49:4933:493330
7375626A656374733D4F:4F34:4F3430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48229/
Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate
Beja Jr, Edsel
A1 - General Economics
B40 - General
C02 - Mathematical Methods
D00 - General
E0 - General
E00 - General
I30 - General
O40 - General
The Easterlin Paradox—the perceived absence of a relationship between economic progress and happiness—is one of the most important continuing debates in economics. Yet, both sides of the extant debate are anchored on valid mathematical arguments. The preponderance of evidence is therefore necessary to resolve the Easterlin Paradox.
2013-07-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48229/1/MPRA_paper_48229.pdf
Beja Jr, Edsel (2013): Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate.
en
oai:mpra.ub.uni-muenchen.de:48691
2019-09-27T19:10:56Z
7374617475733D756E707562
7375626A656374733D42:4235:423539
7375626A656374733D44:4430:443030
7375626A656374733D45:4530:453030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48691/
Understanding Profit and the Markets: The Canonical Model
Kakarot-Handtke, Egmont
B59 - Other
D00 - General
E00 - General
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and profit, nor of the interdependence of qualitatively different markets. Critique of these approaches is necessary but not overly productive. A real breakthrough requires a new set of premises because no way leads from the accustomed behavioral assumptions to the understanding of how the economy works. More precisely, the hitherto accepted behavioral axioms have to be replaced by structural axioms. Starting from new formal foundations, this paper gives a comprehensive and consistent account of the objective interrelations of the monetary economy’s elementary building blocks.
2013-07-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48691/1/MPRA_paper_48691.pdf
Kakarot-Handtke, Egmont (2013): Understanding Profit and the Markets: The Canonical Model.
en
oai:mpra.ub.uni-muenchen.de:49170
2019-10-03T04:44:10Z
7374617475733D707562
7375626A656374733D43:4330
7375626A656374733D43:4330:433030
7375626A656374733D43:4330:433032
7375626A656374733D43:4331:433135
7375626A656374733D43:4333:433330
7375626A656374733D43:4333:433338
7375626A656374733D43:4333:433339
7375626A656374733D43:4334:433430
7375626A656374733D43:4334:433439
7375626A656374733D43:4335:433530
7375626A656374733D43:4335:433531
7375626A656374733D43:4335:433533
7375626A656374733D43:4336:433630
7375626A656374733D43:4336:433638
7375626A656374733D43:4336:433639
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443031
7375626A656374733D44:4431:443130
7375626A656374733D44:4431:443133
7375626A656374733D44:4432:443230
7375626A656374733D44:4432:443234
7375626A656374733D44:4433:443331
7375626A656374733D44:4435:443530
7375626A656374733D44:4435:443538
7375626A656374733D45:4532
7375626A656374733D45:4532:453230
7375626A656374733D45:4532:453231
7375626A656374733D45:4532:453232
7375626A656374733D45:4532:453233
7375626A656374733D45:4532:453234
7375626A656374733D45:4532:453237
7375626A656374733D45:4533:453330
7375626A656374733D45:4533:453331
7375626A656374733D45:4533:453332
7375626A656374733D45:4533:453337
7375626A656374733D46:4632:463231
7375626A656374733D46:4632:463232
7375626A656374733D46:4636:463630
7375626A656374733D46:4636:463632
7375626A656374733D46:4636:463633
7375626A656374733D46:4636:463636
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A31:4A3131
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A33:4A3331
7375626A656374733D4A:4A36:4A3631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/49170/
European Union Economy System Dynamic Model Development
Skribans, Valerijs
C0 - General
C00 - General
C02 - Mathematical Methods
C15 - Statistical Simulation Methods: General
C30 - General
C38 - Classification Methods ; Cluster Analysis ; Principal Components ; Factor Models
C39 - Other
C40 - General
C49 - Other
C50 - General
C51 - Model Construction and Estimation
C53 - Forecasting and Prediction Methods ; Simulation Methods
C60 - General
C68 - Computable General Equilibrium Models
C69 - Other
D00 - General
D01 - Microeconomic Behavior: Underlying Principles
D10 - General
D13 - Household Production and Intrahousehold Allocation
D20 - General
D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
D31 - Personal Income, Wealth, and Their Distributions
D50 - General
D58 - Computable and Other Applied General Equilibrium Models
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E20 - General
E21 - Consumption ; Saving ; Wealth
E22 - Investment ; Capital ; Intangible Capital ; Capacity
E23 - Production
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
E27 - Forecasting and Simulation: Models and Applications
E30 - General
E31 - Price Level ; Inflation ; Deflation
E32 - Business Fluctuations ; Cycles
E37 - Forecasting and Simulation: Models and Applications
F21 - International Investment ; Long-Term Capital Movements
F22 - International Migration
F60 - General
F62 - Macroeconomic Impacts
F63 - Economic Development
F66 - Labor
J00 - General
J11 - Demographic Trends, Macroeconomic Effects, and Forecasts
J20 - General
J30 - General
J31 - Wage Level and Structure ; Wage Differentials
J61 - Geographic Labor Mobility ; Immigrant Workers
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is shown. Implementing the model in practice, new EU member economic integration model in EU is developed. Model is tested only for one EU country, Latvia. Results of the paper show failure of the mechanism of EU operations. The available mechanism contradicts EU principles; it doesn't promote the cohesion in European Union, but quite opposite - leads to solving problems of well-developed EU countries at the expense of developing countries. In the given conditions the example of Latvia shows that there is no possibility to overcome the system crisis. These circumstances specify necessity of changes in EU internal migratory policy, changes in principles of developing countries’ support in EU, and changes in distribution of EU means, taking into account internal migration.
2012
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/49170/1/MPRA_paper_49170.pdf
Skribans, Valerijs (2012): European Union Economy System Dynamic Model Development. Published in: Proceedings of the 30th International Conference of the System Dynamics Society (2012): pp. 3687-3697.
en
oai:mpra.ub.uni-muenchen.de:50335
2019-09-26T11:03:40Z
7374617475733D707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443033
7375626A656374733D44:4430:443034
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/50335/
Why, for a Class of Bribes, the Act of Giving a Bribe should be Treated as Legal
Basu, Kaushik
D00 - General
D03 - Behavioral Microeconomics: Underlying Principles
D04 - Microeconomic Policy: Formulation, Implementation, and Evaluation
The paper puts forward a small but novel idea of how we can cut down the incidence of bribery. There are different kinds of bribes and what this paper is concerned with are bribes that people often have to give to get what they are legally entitled to. I shall call these ― “harassment bribes”. Suppose an income tax refund is held back from a taxpayer till he pays some cash to the officer. Suppose government allots subsidized land to a person but when the person goes to get her paperwork done and receive documents for this land, she is asked to pay a hefty bribe. These are all illustrations of harassment bribes. Harassment bribery is widespread in India and it plays a large role in breeding inefficiency and has a corrosive effect on civil society. The central message of this paper is that we should declare the act of giving a bribe in all such cases as legitimate activity. In other words the giver of a harassment bribe should have full immunity from any punitive action by the state.
It is argued that this will cause a sharp decline in the incidence of bribery. The reasoning is that once the law is altered in this manner, after the act of bribery is committed, the interests of the bribe giver and the bribe taker will be at divergence. The bribe giver will be willing to cooperate in getting the bribe taker caught. Knowing that this will happen, the bribe taker will be deterred from taking a bribe.
It should be emphasized that what is being argued in this paper is not a retrospective pardon for bribe-giving. Retrospective pardons are like amnesties. They encourage rather than discourage corrupt behavior by rewarding the corrupt. And, in the process, they corrode society‘s morals.
2011-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/50335/1/MPRA_paper_50335.pdf
Basu, Kaushik (2011): Why, for a Class of Bribes, the Act of Giving a Bribe should be Treated as Legal. Published in: Ministry of Finance Government of India Working Paper No. 1/2011-DEA (March 2011)
en
oai:mpra.ub.uni-muenchen.de:50603
2019-09-26T13:12:10Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443132
7375626A656374733D48:4833:483330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/50603/
Estimación y análisis de la elasticidad precio de la demanda para diferentes tipos de bebidas en México
Fuentes, Hugo Javier
Zamudio, Andrés
D00 - General
D12 - Consumer Economics: Empirical Analysis
H30 - General
Abstract (english)
The purpose for the present work is to show how the use of the National Household Income and Expenditure Survey (Encuesta Nacional de Ingresos y Gastos de los Hogares, ENIGH), to make cross sectional data estimations, can deliver contradictory conclusions, depending on the assumptions made for the product being analyzed. To develop this exercise, we consider individually three types of products: water, bottled juices and soft drinks. The results show that assuming each one of these products as homogeneous, regardless of the size with which they are commercialized, delivers important differences on the result of the elasticity being calculated when compared to the case on which each on of the products is categorized based on the size. The estimation shows that when products on their various sizes are considered as homogeneous, the estimates elasticity is sensibly higher as compared to the case where heterogeneity of the products is allowed based on their sizes. The most outstanding case is for soft drinks, where elasticity has an absolute value higher than one when we analyze the homogeneous case, so it would be considered an elastic good. However the result is radically different when soft drinks are classified based on the size of their package. We observe that each type of soft drink represents an inelastic good, meaning that the change on consumption is of lower proportion than the change on price.
Abstract (español)
El objetivo del presente trabajo es mostrar cómo la utilización de la Encuesta Nacional de Ingresos y Gastos de los Hogares, ENIGH, bajo un estimación de corte transversal, puede dar resultados radicalmente contradictorios, a raíz de los supuestos que se hagan en torno al producto en cuestión. Para realizar este ejercicio se consideró el caso del agua, jugos envasados y refrescos en forma separada. Los resultados muestran que suponer estos tres productos como homogéneos, independiente de la presentación por tamaño que se maneje en su comercialización, o en su caso heterogéneos, considerando ésta para clasificarlo, trae consigo serias repercusiones en las elasticidades calculadas. Las estimaciones muestran que al considerar a cada uno de estos productos como homogéneos, las elasticidades son sensiblemente mayores en comparación al caso en que se les califica como un producto heterogéneo. El caso más representativo es el de los refrescos, donde la elasticidad es mayor a uno en términos absolutos cuando se evalúa como homogéneo; es decir, se consideraría un bien elástico. Un resultado muy distinto se obtiene si se clasifica el refresco por tipo de presentación vía el tamaño. En concreto, se aprecia que los refrescos por presentación son inelásticos; es decir, el cambio en el consumo en términos proporcionales es menor a la variación del precio.
2013-09-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/50603/1/MPRA_paper_50603.pdf
Fuentes, Hugo Javier and Zamudio, Andrés (2013): Estimación y análisis de la elasticidad precio de la demanda para diferentes tipos de bebidas en México.
es
oai:mpra.ub.uni-muenchen.de:51776
2019-10-05T21:54:26Z
7374617475733D756E707562
7375626A656374733D42:4234:423430
7375626A656374733D42:4234:423439
7375626A656374733D42:4235
7375626A656374733D43:4330
7375626A656374733D43:4330:433030
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443031
7375626A656374733D44:4430:443033
7375626A656374733D44:4438
7375626A656374733D44:4438:443830
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/51776/
Reason-Based Rationalization
Dietrich, Franz
List, Christian
B40 - General
B49 - Other
B5 - Current Heterodox Approaches
C0 - General
C00 - General
D0 - General
D00 - General
D01 - Microeconomic Behavior: Underlying Principles
D03 - Behavioral Microeconomics: Underlying Principles
D8 - Information, Knowledge, and Uncertainty
D80 - General
We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying which properties of the options or choice context
the agent cares about (the “motivationally salient properties”) and how he or she cares about these properties (the “fundamental preference relation”). Reason-based rationalizations can explain non-classical choice behaviour, including boundedly rational and sophisticated rational behaviour, and predict choices in unobserved contexts, an issue neglected in standard choice theory. We characterize the behavioural implications of different reason-based models and distinguish two kinds of context-dependent motivation: “context-variant” motivation, where the agent cares about different properties in different contexts, and “context-regarding” motivation, where the agent cares not only about properties of the options, but also about properties relating to the context.
2013-11-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/51776/1/MPRA_paper_51776.pdf
Dietrich, Franz and List, Christian (2013): Reason-Based Rationalization.
en
oai:mpra.ub.uni-muenchen.de:53185
2019-10-10T17:01:36Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D44:4430:443030
7375626A656374733D51:5131:513135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53185/
Farmland Ownership Policy: Technical Paper
Bell, Peter N
C00 - General
D00 - General
Q15 - Land Ownership and Tenure ; Land Reform ; Land Use ; Irrigation ; Agriculture and Environment
In this paper I develop a theoretical model to analyze policy that restricts who can own land. I briefly review research related to such policy in Saskatchewan, Canada, and identify a standard supply-demand model that I extend in several ways. First, I replicate results for how policy affects prices and develop new results for how policy affects social welfare using comparative statics. Second, I extend the model to a dynamic setting where demand curves change over time and show that policy can affect price changes in variety of ways, which I refer to as comparative dynamics. Third, I conduct a series of simulations to compare my model and a standard model. I establish stylistic facts about data on price levels, differences, and ratios generated by the different models.
2014-01-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53185/5/MPRA_paper_53185.pdf
Bell, Peter N (2014): Farmland Ownership Policy: Technical Paper.
en
oai:mpra.ub.uni-muenchen.de:55014
2019-09-26T12:23:27Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D44:4430:443030
7375626A656374733D44:4437:443734
7375626A656374733D48:4838:483837
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/55014/
Economics and Genocide: Choices and Consequences
Brauer, Jurgen
Anderton, Charles H.
A12 - Relation of Economics to Other Disciplines
D00 - General
D74 - Conflict ; Conflict Resolution ; Alliances ; Revolutions
H87 - International Fiscal Issues ; International Public Goods
Professional economists rarely write on questions of genocide. This surprises because a workhorse tool of the economics discipline concerns the analysis of behavior that takes place under constraints. All parties in genocide—perpetrators, victims, and third parties—face cost and
resource constraints subject to which they seek to achieve their objectives, be it killing, surviving, or intervening. This essay characterizes and illustrates economic thinking about objectives, costs, and resources for each of the three groups. There is potentially much that economics can contribute to genocide studies and, vice versa, much that genocide scholars may learn from welcoming an economic perspective.
2014-04-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/55014/1/MPRA_paper_55014.pdf
Brauer, Jurgen and Anderton, Charles H. (2014): Economics and Genocide: Choices and Consequences.
en
oai:mpra.ub.uni-muenchen.de:55601
2019-10-11T02:55:33Z
7374617475733D756E707562
7375626A656374733D43:4331
7375626A656374733D43:4331:433130
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D4D:4D33
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/55601/
Modelling asymmetric consumer demand response: Evidence from scanner data
Vespignani, Joaquin L.
C1 - Econometric and Statistical Methods and Methodology: General
C10 - General
D0 - General
D00 - General
M3 - Marketing and Advertising
We used scanner data to test whether two competitive commodities respond symmetrically by volume to price changes. Our results indicate that consumers of the most expensive good (Coca-Cola) respond quite symmetrically when prices go either up or down. In contrast, consumers of the less expensive good (Pepsi-Cola) respond quite asymmetrically. We also introduce the substitution effect in ARDL asymmetric modelling as scanner data permits, showing that most previous asymmetric models using this technique experience omitted variables since this parameter is excluded.
2012-01-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/55601/1/MPRA_paper_55601.pdf
Vespignani, Joaquin L. (2012): Modelling asymmetric consumer demand response: Evidence from scanner data.
en
oai:mpra.ub.uni-muenchen.de:55865
2019-09-27T07:28:27Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D4F:4F31
7375626A656374733D51:5135:513534
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/55865/
Changing Climate Adaptation Strategies of Boran Pastoralists in Southern Ethiopia
Hurst, Matthew
Jensen, Nathaniel
Pedersen, Sarah
Shama, Asha
Zambriski, Jennifer
D00 - General
O1 - Economic Development
Q54 - Climate ; Natural Disasters and Their Management ; Global Warming
This report contains information on a rapid field assessment of Boran pastoralists of southern Ethiopia to: (1) gauge local communities’ perceptions of the need for local climate change adaptation strategies and their degree of satisfaction with existing interventions; (2) identify
emerging climate risk adaptation strategies; and (3) evaluate how existing and new strategies including efforts by non-governmental organizations and the Ethiopian government might complement or be compromised by index-based livestock insurance (IBLI).
Researchers found that the Boran perceive changes in the frequency and intensity of drought conditions over the last several decades. The Boran also recognize the need to adapt to these shifts, and along with the government and NGOs who work in the region, are undertaking a number of climate change adaptation strategies. Some of these traditional and new responses to drought are likely to interact with the potential implementation of IBLI in both complementary and conflicting ways. Still, there are significant opportunities for IBLI to reduce exposure to risk while supporting existing veterinary services and rangeland management.
2012
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/55865/1/MPRA_paper_55865.pdf
Hurst, Matthew and Jensen, Nathaniel and Pedersen, Sarah and Shama, Asha and Zambriski, Jennifer (2012): Changing Climate Adaptation Strategies of Boran Pastoralists in Southern Ethiopia.
en
oai:mpra.ub.uni-muenchen.de:56252
2019-10-05T20:04:52Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D4C:4C31:4C3130
7375626A656374733D51:5134:513430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56252/
Detecting abnormalities in the Brent crude oil commodities and derivatives pricing complex
Swinand, Gregory P
O'Mahoney, Amy
D00 - General
L10 - General
Q40 - General
Recent rapidly rising and volatile energy commodities prices and financial price manipulation scandals have brought the pricing mechanisms of crude oil derivatives to the fore of both popular press and policy initiatives. Among the most important of such commodities is Brent Crude. Brent Crude and its complex of derivative products make Brent Crude potentially more opaque and thus susceptible to price manipulation than other commodities. In spite of the importance of Brent to the world economy and world energy prices, and its complex of derivative pricing, relatively little work has been done to explore the potential for, and evidence of, price manipulation in the Brent Crude complex. This paper seeks to address this lack by proposing a method to test whether price squeezes have occurred in Brent Crude. This paper builds on previous work which proposed an a priori test for evidence of manipulation and the theory of storage. Previous work (Barrera-Rey and Seymour 1996) posited that the very close-to-delivery end of the forward curve for Brent should not be simultaneously in contango and backwardation, while other work (Geman and Smith 2012) proposed using an econometric prediction and a model based on the theory of storage to detect manipulation in commodity markets. Our work builds on these approaches by developing a more detailed model of calendar spreads in the Brent Crude complex. In Brent, a particular area of potential manipulation is from the relatively illiquid and more opaque physical OTC forward market (where prices are ‘assessed’ by Platts during a short ‘window’ of time) and the more liquid ICE futures market. Our model relates prompt ICE futures calendar spreads to prompt-over-dated OTC forward spreads. The model then tests whether the a priori indicators of manipulation as suggested by Barrera-Rey and Seymour are statistically consistent with the process which drives spreads historically. We find that in most all cases, the indicated period of manipulation is statistically different. We further investigate whether other factors, such as liquidity (volume and open interest) or world oil market conditions (using WTI spreads) or other forward market conditions could be driving our results. The statistical difference is found to be invariant to the inclusion of these other explanatory variables. We conclude that the evidence is consistent with the hypothesis of price manipulation and that the test provides a model and method for detecting such cases.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56252/1/MPRA_paper_56252.pdf
Swinand, Gregory P and O'Mahoney, Amy (2014): Detecting abnormalities in the Brent crude oil commodities and derivatives pricing complex.
en
oai:mpra.ub.uni-muenchen.de:57906
2019-10-05T10:02:14Z
7374617475733D756E707562
7375626A656374733D43:4337:433730
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57906/
Existence of Nash Equilibrium in Discontinuous Games
Nessah, Rabia
Tian, Guoqiang
C70 - General
D00 - General
This paper offers an equilibrium existence theorem in discontinuous games. We introduce
a new notion of continuity, called quasi-weak transfer continuity that guarantees the existence
of pure strategy Nash equilibrium in compact and quasiconcave games. We also consider
possible extensions and improvements of the main result. Our conditions are simple and
easy to verify. We present applications to show that our conditions allow for economically
meaningful payoff discontinuities.
2008-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57906/8/MPRA_paper_57906.pdf
Nessah, Rabia and Tian, Guoqiang (2008): Existence of Nash Equilibrium in Discontinuous Games.
en
oai:mpra.ub.uni-muenchen.de:57929
2019-10-01T20:53:23Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/57929/
A Full Characterization on Fixed-Point Theorem, Minimax Inequality, Saddle Point, and KKM Theorem
Tian, Guoqiang
D00 - General
This paper provides necessary and sufficient conditions for fixed-point theorems, minimax
inequalities and some related theorems defined on arbitrary topological spaces that may be
discrete, continuum, non-compact or non-convex. We establish a single condition, γ-recursive
transfer lower semicontinuity, which fully characterizes the existence of equilibrium of minimax
inequality without imposing any kind of convexity nor any restriction on topological space. The
result then is employed to fully characterize fixed point theory, saddle point theory, and the
FKKM theory.
2012-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/57929/1/MPRA_paper_57929.pdf
Tian, Guoqiang (2012): A Full Characterization on Fixed-Point Theorem, Minimax Inequality, Saddle Point, and KKM Theorem.
en
oai:mpra.ub.uni-muenchen.de:58661
2019-10-06T07:00:27Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D43:4336:433631
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58661/
Curvas de Oferta-Precio No lineales para el caso de preferencias de consumo Cuasi-lineales
Arango, Efraín
C00 - General
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
D00 - General
D11 - Consumer Economics: Theory
In most of the Intermediate Microeconomics or Microeconomic Theory texts, when the demand of individuals subject is analyzed, especially the Price-Consumption paths and Income-Expansion paths , Examples are presented in which the utility functions correspond to regular preferences, that is, the equations describing the behavior of the curves, correspond to straight lines. The purpose of this paper is to demonstrate through a practical example, what happens in the case where the variations in the prices of any of the goods involved in the analysis (for our case two goods), simultaneously affect the quantities consumed of both goods. In microeconomics textbooks (of which there are many and very good ones) is not performed a detailed exposition of how to calculate the equations corresponding to these curves (Price Consumption path and Income Expansion path) if these do not correspond to linear functions. The document will cover the fundamental concepts that the reader faces when solving these restricted optimization problems, emphasizing the calculation method of the Price-Consumption path equation.
2014-09-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58661/1/MPRA_paper_58661.pdf
Arango, Efraín (2014): Curvas de Oferta-Precio No lineales para el caso de preferencias de consumo Cuasi-lineales.
es
oai:mpra.ub.uni-muenchen.de:59065
2019-09-27T09:45:11Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59065/
Tobacco Consumption Determinants in Russia
Juraev, Nosirjon
D00 - General
The following paper aims to contribute the existing literature on Russian tobacco use by analysing
the determinants of smoking, and comparing the results to previous researches. We are also one of
the few, if not the first to test the significance of BMI (Body Mass Index) with smoking habits.
Our results mostly compromise with the results of previous English literature. Smokers generally
tend to lose weight, and obese people naturally do not practice smoking. Educated people, religion
believer smoke significantly less than school leavers, nonbelievers and army servers do.
2014-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59065/1/MPRA_paper_59065.pdf
Juraev, Nosirjon (2014): Tobacco Consumption Determinants in Russia.
en
oai:mpra.ub.uni-muenchen.de:59810
2019-10-02T14:46:38Z
7374617475733D756E707562
7375626A656374733D41:4131
7375626A656374733D41:4131:413130
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59810/
Tobacco Consumption Determinants in Russia
Juraev, Nosirjon
A1 - General Economics
A10 - General
D0 - General
D00 - General
The following paper aims to contribute the existing literature on Russian tobacco use by analysing
the determinants of smoking, and comparing the results to previous researches. We are also one of
the few, if not the first to test the significance of BMI (Body Mass Index) with smoking habits.
Our results mostly compromise with the results of previous English literature. Smokers generally
tend to lose weight, and obese people naturally do not practice smoking. Educated people, religion
believer smoke significantly less than school leavers, nonbelievers and army servers do.
2014-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59810/1/MPRA_paper_59810.pdf
Juraev, Nosirjon (2014): Tobacco Consumption Determinants in Russia.
en
oai:mpra.ub.uni-muenchen.de:60107
2019-10-14T10:07:17Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D44:4430:443030
7375626A656374733D44:4430:443031
7375626A656374733D44:4438:443830
7375626A656374733D44:4438:443833
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60107/
A Unified Characterization of Belief Revision Rules
Dietrich, Franz
List, Christian
Bradley, Richard
C00 - General
D00 - General
D01 - Microeconomic Behavior: Underlying Principles
D80 - General
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
This paper characterizes several belief-revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning a new conditional probability function. Despite their differences, these revision rules can be characterized in terms of the same two axioms: responsiveness, which requires that revised beliefs incorporate what has been learnt, and conservativeness, which requires that beliefs on which the learnt input is `silent' do not change. So, the four revision rules apply the same principles, albeit to different learnt inputs. To illustrate that there is room for non-Bayesian belief revision in economic theory, we also sketch a simple decision-theoretic application.
2014-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60107/1/MPRA_paper_60107.pdf
Dietrich, Franz and List, Christian and Bradley, Richard (2014): A Unified Characterization of Belief Revision Rules.
en
oai:mpra.ub.uni-muenchen.de:60292
2019-09-26T08:18:23Z
7374617475733D707562
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D4B:4B30
7375626A656374733D4B:4B30:4B3030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60292/
Legal status, remittances and socio-economic impacts on rural household in Bangladesh: An empirical study of Bangladeshi migrants in Italy.
Mannan, Kazi Abdul
Farhana, Khandaker Mursheda
D0 - General
D00 - General
K0 - General
K00 - General
This paper presents an overview of legal framework of EU governing residence permits, employment pass and access to integration, describing the most frequent migration pathways employed by Bangladeshis in Italy. It discusses their migration trajectories, socio-demographic profile, the importance of remittances to Bangladesh, and the impact that Italian migration policy has had upon this group, as well as other non-EU nationals more generally. In this paper rural household micro quantitative data
have been collected from Bangladesh to explore the relationship between legal status, remittance and socioeconomic impact at the left behind household members. Using univariate and multivariate model, investigate the factors determining of remittance
inflows and their socioeconomic impact at their left behind rural household members. The empirical results suggest that there is economic variation between the documented and undocumented Bangladeshi migrants in Italy. While international migration is unlikely to provide a secure route out of positive socio-economic impact at their household for many Bangladeshis within a
restrictive immigration environment, as they become trapped in more vulnerable and less sustainable migration processes. It concludes with a discussion of the sociocultural integration of the Bangladeshi migrants in Italy and their future integration opportunities to other EU nations.
2014-09-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60292/1/MPRA_paper_60292.pdf
Mannan, Kazi Abdul and Farhana, Khandaker Mursheda (2014): Legal status, remittances and socio-economic impacts on rural household in Bangladesh: An empirical study of Bangladeshi migrants in Italy. Published in: International Journal of Management Sciences and Business Research , Vol. 3, No. 8 (1 September 2014): pp. 52-72.
en
oai:mpra.ub.uni-muenchen.de:60309
2019-09-27T06:08:16Z
7374617475733D707562
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D45:4536
7375626A656374733D45:4536:453636
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60309/
Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy
Mannan, Kazi Abdul
Farhana, Khandaker Mursheda
D0 - General
D00 - General
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
E66 - General Outlook and Conditions
The present study investigates the investment variation of remittance determinants in rural area at the origin. Using micro-economic data from a survey conducted in 2013, multivariate analysis was carried out on 300 rural
households. The empirical results show that the significance level and determinants vary from the investment in financial sector and specially investment in share market. Investment in financial sectors is strongly significance with the household remittances, educational level of migrants and household heads, household head relation to migrant and income of the household. On the other hand, investment in share market is highly significant with the duration of migration, marital status and employment status of the household head; and religion and income of the household.
2014-11-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60309/1/MPRA_paper_60309.pdf
Mannan, Kazi Abdul and Farhana, Khandaker Mursheda (2014): Rural Household Contribution to the Financial and Capital Market in Bangladesh: A Micro Level Study of Remittances from Italy. Published in: International Journal of Management Sciences and Business Research , Vol. 3, No. 10 (1 November 2014): pp. 112-122.
en
oai:mpra.ub.uni-muenchen.de:60964
2019-09-30T02:31:14Z
7374617475733D756E707562
7375626A656374733D41:4131:413130
7375626A656374733D42:4235:423530
7375626A656374733D44:4430:443030
7375626A656374733D44:4435:443530
7375626A656374733D45:4530:453030
7375626A656374733D45:4533:453332
7375626A656374733D50:5030:503030
7375626A656374733D50:5031:503130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60964/
Новая теория рынка и капитализма. В 3-х частях. Предисловие
Zheleznyak, Anatoliy
A10 - General
B50 - General
D00 - General
D50 - General
E00 - General
E32 - Business Fluctuations ; Cycles
P00 - General
P10 - General
A new heterodox theory of market and capitalism is suggested. Its key moments and general logic are presented. The theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Disequilibrium and "imperfect competition" are admitted to be a functional norm of capitalist market. Respectively, an equilibrium and "perfect competition" are admitted to be a functional anomaly; crises are considered as the result of such an anomaly. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested.
The theory consists of three interconnected parts – a theory of market, a theory of value and a theory of capitalism. Every part is shaped as a separate text (with its abstract, introduction, conclusions and other attributes). Comparison with alternative theories is made in each part.
This text contains a common preface and common references only.
2014-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60964/1/MPRA_paper_60964.pdf
Zheleznyak, Anatoliy (2014): Новая теория рынка и капитализма. В 3-х частях. Предисловие.
ru
oai:mpra.ub.uni-muenchen.de:60967
2019-09-30T12:12:36Z
7374617475733D756E707562
7375626A656374733D41:4131:413130
7375626A656374733D42:4235:423530
7375626A656374733D44:4430:443030
7375626A656374733D44:4435:443530
7375626A656374733D45:4530:453030
7375626A656374733D50:5030:503030
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60967/
Новая теория рынка и капитализма. В 3-х частях. Часть 1. Рынок
Zheleznyak, Anatoliy
A10 - General
B50 - General
D00 - General
D50 - General
E00 - General
P00 - General
A new heterodox theory of market is suggested. Its key moments are presented. The theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Definitions of market and of each of its types are given. Internal logic of transition from the former to the latter is considered. Comparison with alternative theories is made.
2014-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60967/1/MPRA_paper_60967.pdf
Zheleznyak, Anatoliy (2014): Новая теория рынка и капитализма. В 3-х частях. Часть 1. Рынок.
ru
oai:mpra.ub.uni-muenchen.de:60969
2019-09-27T11:13:35Z
7374617475733D756E707562
7375626A656374733D41:4131:413130
7375626A656374733D44:4430:443030
7375626A656374733D44:4434:443436
7375626A656374733D44:4435:443530
7375626A656374733D45:4530:453030
7375626A656374733D45:4533:453331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60969/
Новая теория рынка и капитализма. В 3-х частях. Часть 2. Стоимость
Zheleznyak, Anatoliy
A10 - General
D00 - General
D46 - Value Theory
D50 - General
E00 - General
E31 - Price Level ; Inflation ; Deflation
A new theory of value is suggested. Its key moments and general logic are presented. The theory has all-purpose nature (is applicable to any commodities, any markets and any market situations). Value is considered as a multicomponent notion which characterizes commodity's internal behaviour (i.e. behaviour independent of market conjuncture). Labour and use values as well as supply and demand ones are interpreted as different components of total value. The role of these components in pricing on balanced and unbalanced markets is investigated. The fundamental conclusion about relationship between value and social psychology and culture is made. Comparison with alternative theories is made.
2014-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60969/1/MPRA_paper_60969.pdf
Zheleznyak, Anatoliy (2014): Новая теория рынка и капитализма. В 3-х частях. Часть 2. Стоимость.
ru
oai:mpra.ub.uni-muenchen.de:60970
2019-09-30T17:00:51Z
7374617475733D756E707562
7375626A656374733D41:4131:413130
7375626A656374733D42:4235:423530
7375626A656374733D44:4430:443030
7375626A656374733D44:4435:443530
7375626A656374733D45:4530:453030
7375626A656374733D45:4533:453332
7375626A656374733D50:5031:503130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60970/
Новая теория рынка и капитализма. В 3-х частях. Часть 3. Капитализм
Zheleznyak, Anatoliy
A10 - General
B50 - General
D00 - General
D50 - General
E00 - General
E32 - Business Fluctuations ; Cycles
P10 - General
A new heterodox theory of capitalism is suggested. Its key moments and general logic are presented. Capitalism is considered as a special case of market, as its higher form. Disequilibrium and "imperfect competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are admitted to be a functional anomaly; crises are considered as the result of such an anomaly. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested. Comparison with alternative theories is made.
2014-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60970/1/MPRA_paper_60970.pdf
Zheleznyak, Anatoliy (2014): Новая теория рынка и капитализма. В 3-х частях. Часть 3. Капитализм.
ru
oai:mpra.ub.uni-muenchen.de:61085
2019-09-26T20:59:32Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4433
7375626A656374733D44:4433:443331
7375626A656374733D44:4433:443333
7375626A656374733D45:4532
7375626A656374733D45:4532:453235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/61085/
Antinomies of Capital in the 21st Century
Estrada, Fernando
D00 - General
D3 - Distribution
D31 - Personal Income, Wealth, and Their Distributions
D33 - Factor Income Distribution
E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E25 - Aggregate Factor Income Distribution
Thomas Piketty's "Capital in the 21st century" has been the most important book economy in recent times. Its aim integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income of the majority. The work predicts a slow increase in the share of capital income and inequality. His proposal for a global tax on capital is a way to evaluate such tendencies.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/61085/1/MPRA_paper_61085.pdf
Estrada, Fernando (2014): Antinomies of Capital in the 21st Century.
en
oai:mpra.ub.uni-muenchen.de:61274
2019-09-27T11:01:19Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443132
7375626A656374733D48:4833:483330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/61274/
Understanding the heterogeneous nature of the demand for soft drinks in Mexico: why social determinants also matter.
Cahuana-Hurtado, Lucero
Sosa-Rubi, Sandra
Rubalcava-Peñafiel, Luis
Panopoulou, Panagiota
Rodriguez-Oliveros, Guadalupe
Servan-Mori, Edson
D00 - General
D12 - Consumer Economics: Empirical Analysis
H30 - General
Background. Soft drink consumption is a risk factor for obesity and non-communicable chronic diseases, and policies to reduce it have been proposed around the world, including taxation. Little is known about the role of other social and economic factors on the demand of such goods. In addition, heterogeneity of the demand due to different levels of consumption has been rarely explored. The aim of this study is to analyse the heterogeneous nature of the demand for soft drinks to understand the role of economic and social factors (provision of safe water /local food market conditions) and draw recommendations for the design of obesity prevention.
Methods. Population, cross-sectional analysis of household data from the Mexican Family Life Survey, grouped into three consumption groups (low/medium/high consumers, defined by the proportion of total household expenditure devoted to soft drink purchases) and three economic poverty groups (defined by extreme and moderate income poverty lines). Multivariate probit regressions were applied to explore factors associated to the probability to be a consumer, and simultaneous multivariate quantile regressions were used to model the quantity purchased of soft drinks. Heckman’s procedure was used to control for identification bias.
Results. The adjusted probability that a household becomes a consumer is significantly higher with male, educated heads of households and higher household income. Living in localities where access to safe water for drinking and cooking needs is not universal significantly increases the probability to consume soft drinks while living in localities with convenience stores and supermarkets (local food market condition) significantly decreases it, especially in households facing extreme poverty. Demand from low-consumption households is price-inelastic (-0.97) compared with high-consumers (-1.2). Yet when the population is grouped by poverty, households in extreme poverty have a higher significant price-elasticity (-1.5) than those above moderate poverty line (-1.3).
Conclusions. In order to design policies that adequately affect the demand for soft drinks on high consumers and benefit the poor, social factors should be considered. A comprehensive obesity prevention strategy should complement taxes with policies that affect social determinants such as the local provision of safe water and local food market conditions.
2013-07-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/61274/1/MPRA_paper_61274.pdf
Cahuana-Hurtado, Lucero and Sosa-Rubi, Sandra and Rubalcava-Peñafiel, Luis and Panopoulou, Panagiota and Rodriguez-Oliveros, Guadalupe and Servan-Mori, Edson (2013): Understanding the heterogeneous nature of the demand for soft drinks in Mexico: why social determinants also matter.
en
oai:mpra.ub.uni-muenchen.de:62303
2019-09-29T00:42:57Z
7374617475733D756E707562
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443131
7375626A656374733D44:4435:443531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62303/
On bargaining sets for finite economies
Hervés-Estévez, Javier
Moreno-García, Emma
D00 - General
D11 - Consumer Economics: Theory
D51 - Exchange and Production Economies
We define a bargaining set for finite economies using Aubin’s veto mechanism and show its coincidence with the set of Walrasian allocations. Then, we rewrite our notion in terms of replicated economies showing that, in contrast with Anderson, Trockel and Zhou’s (1997) non-convergence result, this Edgeworth bargaining set shrinks to the set of Walrasian allocations.
2014-07-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62303/1/MPRA_paper_62303.pdf
Hervés-Estévez, Javier and Moreno-García, Emma (2014): On bargaining sets for finite economies.
en
oai:mpra.ub.uni-muenchen.de:63208
2019-09-26T13:25:14Z
7374617475733D756E707562
7375626A656374733D43:4330
7375626A656374733D43:4330:433030
7375626A656374733D43:4335
7375626A656374733D43:4335:433530
7375626A656374733D44:4430
7375626A656374733D44:4430:443030
7375626A656374733D45:4530:453030
7375626A656374733D45:4530:453033
7375626A656374733D47:4731
7375626A656374733D47:4731:473130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/63208/
Criticism of the Black-Scholes Model: But Why Is It Still Used? (The Answer Is Simpler than the Formula).
Yalincak, Orhun Hakan
C0 - General
C00 - General
C5 - Econometric Modeling
C50 - General
D0 - General
D00 - General
E00 - General
E03 - Behavioral Macroeconomics
G1 - General Financial Markets
G10 - General
The Black Scholes Model (BSM) is one of the most important concepts in modern financial theory both in terms of approach and applicability. The BSM is considered the standard model for valuing options; a model of price variation over time of financial instruments such as stocks that can, among other things, be used to determine the price of a European call option. However, while the formula has been subject to repeated criticism for its shortcomings, it is still in widespread use. This paper provides a brief overview of BSM, its foundational underpinnings, as well as discusses these shortcomings vis-à-vis alternative models.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/63208/1/MPRA_paper_63208.pdf
Yalincak, Orhun Hakan (2005): Criticism of the Black-Scholes Model: But Why Is It Still Used? (The Answer Is Simpler than the Formula).
en
oai:mpra.ub.uni-muenchen.de:64189
2019-10-01T03:12:05Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D43:4336:433631
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/64189/
Efectos Sustitución y Renta en el caso de preferencias específicas
Arango Sánchez, Efraín
C00 - General
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
D00 - General
D11 - Consumer Economics: Theory
This document analyzes the changes that suffer the amounts demanded of a good, due to changes in its price. For this we use the decomposition in Income and Substitution effects posed by Slutsky and Hicks in their work concerning the analysis of the demand.
In general, when the price of a good varies the amount also change, according to the relation of the demand function with the price variable, these may increase or decrease depending on the function.
In some cases according with the preferences of individuals, the change in the price of a good, it can affect the demand of the other good, depending on the relation between them, it means, there could be a relation of substitutability, complementarity or neutrality between goods that are analyzed.
The preferences chosen to develop this document are those of Leontief type (fixed proportions - perfect complements), the formulas used of the substitution-effect and the income-effect are proposed by Hal Varian in his text Intermediate Microeconomics Edition 8th (Antoni Bosch).
2015-02-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/64189/1/MPRA_paper_64189.pdf
Arango Sánchez, Efraín (2015): Efectos Sustitución y Renta en el caso de preferencias específicas.
es
oai:mpra.ub.uni-muenchen.de:64337
2019-09-28T16:29:29Z
7374617475733D756E707562
7375626A656374733D43:4330:433030
7375626A656374733D43:4336:433631
7375626A656374733D44:4430:443030
7375626A656374733D44:4431:443131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/64337/
Efectos Sustitución y Renta en el caso de preferencias específicas
Arango Sánchez, Efraín
C00 - General
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
D00 - General
D11 - Consumer Economics: Theory
This document analyzes the changes that suffer the amounts demanded of a good, due to changes in its price. For this we use the decomposition in Income and Substitution effects posed by Slutsky and Hicks in their work concerning the analysis of the demand.
In general, when the price of a good varies the amount also change, according to the relation of the demand function with the price variable, these may increase or decrease depending on the function.
In some cases according with the preferences of individuals, the change in the price of a good, it can affect the demand of the other good, depending on the relation between them, it means, there could be a relation of substitutability, complementarity or neutrality between goods that are analyzed.
The preferences chosen to develop this document are those of Leontief type (fixed proportions - perfect complements), the formulas used of the substitution-effect and the income-effect are proposed by Hal Varian in his text Intermediate Microeconomics Edition 8th (Antoni Bosch).
2015-02-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/64337/1/MPRA_paper_64337.pdf
Arango Sánchez, Efraín (2015): Efectos Sustitución y Renta en el caso de preferencias específicas.
es
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