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Articles 1 - 30 of 848
Full-Text Articles in Social and Behavioral Sciences
Design Considerations For Legalizing Marijuana, Jonathan Caulkins, Beau Kilmer, Robert Maccoun, Rosalie Pacula, Peter Reuter
Design Considerations For Legalizing Marijuana, Jonathan Caulkins, Beau Kilmer, Robert Maccoun, Rosalie Pacula, Peter Reuter
Robert MacCoun
No abstract provided.
Hambrunas Socialistas, Guillermo Arosemena
National Longitudinal Survey Of Public Health Systems: Comparative Report Of 2012 Results, Glen Mays
National Longitudinal Survey Of Public Health Systems: Comparative Report Of 2012 Results, Glen Mays
Glen Mays
The third wave of the National Longitudinal Survey of Public Health Systems was fielded in 2012 in a nationally-representative cohort of local communities. The survey measures the availability of 20 recommended public health activities in the community, the range of organizations that participate in performing each activity, and the perceived effectiveness of each activity. Prior waves of the survey were fielded in 1998 and 2006. Local health officials report data for this survey and receive a customized report of results that compare data for their community with national norms and with "peer groups" of similar communities. This document provides an …
“The Role Of Switching Costs In The Markets For Pc Operating Systems, Online Search, Internet Access And Mobile Service: Implications For Australian Competition And Consumer Protection Policy”, Robert G. Harris
Robert G Harris
This paper addresses the role of switching costs in computing, communications and information technologies. Switching costs (and closely related network effects) play an increasingly important role in competitive analysis and competition policy. This paper considers the interplay of switching costs and the emergence of the digital, online economy, and examines the implications of switching costs for competition and competition policies in Australia.
Edad Y Enseñanza, Guillermo Arosemena
El Estadista Civilizado, Guillermo Arosemena
El Estadista Civilizado, Guillermo Arosemena
Guillermo Arosemena
No abstract provided.
Optimal Environmental Taxation With Pre-Commitment And Green R&D, Stuart Mcdonald
Optimal Environmental Taxation With Pre-Commitment And Green R&D, Stuart Mcdonald
Stuart McDonald
Two approaches for modelling investment in R\&D have been developed by d'Aspremont and Jacquemin (AJ, 1988) and Kamien, Muller and Zang (KMZ, 1992), when there are spillovers associated with R\&D effort. This paper examines how these two approaches predict investment in green technology, when environmental policy takes the form of an optimal emission tax. The results show that the two models are equivalent when there are no R\&D spillovers; but when R\&D spillovers are present, significant differences in their predictions are observed. Specifically, the KMZ model predicts higher emission tax rates, higher level of R\&D expenditures and higher levels of …
¿Formalismo Anticuado?, Jose Luis Sardon
¿Formalismo Anticuado?, Jose Luis Sardon
Jose Luis Sardon
Corte Internacional de La Haya debe acoger solicitud peruana de fijar límite marítimo con Chile, porque no existe un tratado de límites al respecto.
Struggling Recovery And Economic Policy Uncertainty: Testimony Before The Joint Revenue Hearing, House And Senate Ways And Means Committees, Massachusetts State House, Boston, Ma, Christian Weller
Christian Weller
The U.S. economy is in the fourth year of a recovery that started in June 2009. The fact that the economy is in recovery, even modestly, is something of a miracle given how stacked the deck is against it. This is absolutely unique in American economic history: There has never been a recovery without the housing market expanding substantially as well; There has never been a recovery with state and local governments shrinking for three years in a row; There has never been a recovery with households owing, on average, well more than 100 percent of their after-tax income in …
The Sherman Act And The Balance Of Power, David K. Millon
The Sherman Act And The Balance Of Power, David K. Millon
David K. Millon
None available.
Detroit Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Merissa Piazza, Joan Chase, Chang-Shik Song, Elorm Tsegah, Ziona Austrian
Detroit Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Merissa Piazza, Joan Chase, Chang-Shik Song, Elorm Tsegah, Ziona Austrian
Ziona Austrian
No abstract provided.
Minority Participation In Technology Based Growth Industries In Northeast Ohio, Merissa Piazza, Elorm Tsegah, Ziona Austrian, Ellen Cyran
Minority Participation In Technology Based Growth Industries In Northeast Ohio, Merissa Piazza, Elorm Tsegah, Ziona Austrian, Ellen Cyran
Ziona Austrian
No abstract provided.
The Smallest Upper Bound For The Pth Absolute Central Moment Of A Class Of Random Variables, Martin Egozcue, Luis Fuentes García, Wing Keung Wong, Ricardas Zitikis
The Smallest Upper Bound For The Pth Absolute Central Moment Of A Class Of Random Variables, Martin Egozcue, Luis Fuentes García, Wing Keung Wong, Ricardas Zitikis
Martin Egozcue
We establish the smallest upper bound for the p absolute central moment over the class of all random variables with values in a compact interval. Numerical values of the bound are calculated for the first ten integer values of p, and its asymptotic behaviour derived when p tends to infinity. In addition, we establish an analogous bound in the case of all symmetric random variables with values in a compact interval. Such results play a role in a number of areas including actuarial science, economics, finance, operations research, and reliability.
Public Health Return On Investment: Making The Case, Glen Mays
Public Health Return On Investment: Making The Case, Glen Mays
Glen Mays
Fiscal pressures and policy imperatives have created a need for rigorous economic analyses of public health programs and policies. ROI analyses can reveal whether the benefits of public health strategies justify their costs, who realizes these benefits and costs, and under what circumstances.
Keynes,Hayak Y Marx, Guillermo Arosemena
New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon
New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon
David K. Millon
None available.
Comparative Effectiveness Research And Patient-Centered Outcomes Research In Public Health Settings: Design, Analysis And Funding Considerations, Glen Mays
Glen Mays
The principles and methods of CER and PCOR have developed primarily with therapeutics in mind, but they must also be applied to the study of public health programs, policies, and delivery systems. This session surveys the emerging field, and provides examples of CER/PCOR methods applied in public health settings using practice-based research networks (PBRNs).
Seis Planteamientos, Jose Luis Sardon
Seis Planteamientos, Jose Luis Sardon
Jose Luis Sardon
Un breve repaso de los seis planteamientos fundamentales en el continuo ideológico del pensamiento económico.
Capital Intelectual, Guillermo Arosemena
The Bank Of Tanzania (Bot) As The Custodian Of The Tanzanian Economy: Opportunities And Challenges, Conrad John Masabo Mr.
The Bank Of Tanzania (Bot) As The Custodian Of The Tanzanian Economy: Opportunities And Challenges, Conrad John Masabo Mr.
Conrad John Masabo Mr.
When Tanzania embarked on fundamental transformation of its economy almost two decades ago one of the top agenda in the economic reforms was the need to overhaul the financial system. And in view of pivotal role it plays in the country’s economy, the banking sector was the first to undergo reforms. Implementation of the reforms followed recommendations of the Presidential Commission on the need to modernize the banking sector dubbed the Nyirabu Commission. The BOT Act of 1995 was a landmark in Tanzania’s monetary history by adopting a single policy objective, i.e. price stability and moving away from multiple-policy objectives. …
La Economía Mundial En El 2060, Guillermo Arosemena
La Economía Mundial En El 2060, Guillermo Arosemena
Guillermo Arosemena
No abstract provided.
How You Estimate The Yield Curve Matters!, Luiz Paulo Fichtner, Pedro Santa-Clara
How You Estimate The Yield Curve Matters!, Luiz Paulo Fichtner, Pedro Santa-Clara
Luiz Paulo Fichtner
We evaluate a two-factor Cox et al. (1985a,b) model using Euribor zero-coupon yields. We estimate this model using a state-space framework, where we sum a log-likelihood function of the state vector dynamics to a log-likelihood function of cross-section pricing errors. We introduce a likelihood-scaling weight in the joint log-likelihood function and show that there is a tradeoff in how one estimates a yield curve. Giving more weight to the cross-section of pricing errors improves the fitting and forecasting of Euribor yields, while giving more weight to the log-likelihood function of the state vector dynamics improves interest rate derivative pricing at …
Out-Of-Sample Predictability Of Bond Returns, Luiz Paulo Fichtner, Pedro Santa-Clara
Out-Of-Sample Predictability Of Bond Returns, Luiz Paulo Fichtner, Pedro Santa-Clara
Luiz Paulo Fichtner
We test the out-of-sample predictive power for one-year bond excess returns for a vari- ety of models that have been proposed in the literature. We find that these models perform well in sample, but have worse out-of-sample performance than the historical sample mean. We write the one-year excess return on a n-maturity bond at time t + 1 as the difference between n times the n-maturity bond yield at time t, and the sum of n − 1 times the (n − 1)-maturity bond yield at time t + 1 and the one-year bond yield at time t. Instead of …
U.S. Monetary Policy: Qe3, Warren Coats
U.S. Monetary Policy: Qe3, Warren Coats
Warren Coats
The Federal Reserve’s latest round of quantitative easing (QE3) is not likely to help the U.S. economy’s recovery, which is already underway, but increases the risks of new asset bubbles and inflation.
Undiagnosed Disease, Especially Diabetes, Casts Doubt On Some Of Reported Health 'Advantage' Of Recent Mexican Immigrants, Silvia Barcellos, James Smith, Dana Goldman
Undiagnosed Disease, Especially Diabetes, Casts Doubt On Some Of Reported Health 'Advantage' Of Recent Mexican Immigrants, Silvia Barcellos, James Smith, Dana Goldman
Silvia Helena Barcellos
No abstract provided.
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
An Optimal Strategy For Maximizing The Expected Real- Estate Selling Price: Accept Or Reject An Offer?, Martin Egozcue, Luis Fuentes García, Ricardas Zitikis
An Optimal Strategy For Maximizing The Expected Real- Estate Selling Price: Accept Or Reject An Offer?, Martin Egozcue, Luis Fuentes García, Ricardas Zitikis
Martin Egozcue
Motivated by a real-life situation, we put forward a model and then derive an optimal strategy that maximizes the expected real-estate selling price when one of the only two remaining buyers has already made an offer but the other one is yet to make. Since the seller is not sure whether the other buyer would make a lower or higher offer, and given no recall, the seller needs a strategy to decide whether to accept or reject the first-come offer. The herein derived optimal seller's strategy, which maximizes the expected selling price, is illustrated under several scenarios, such as independent …
How Long Will It Take To Lift One Billion People Out Of Poverty?, Martin Ravallion
How Long Will It Take To Lift One Billion People Out Of Poverty?, Martin Ravallion
Martin Ravallion
Alternative scenarios are considered for reducing by one billion the number of people living below $1.25 a day. The low-case, “pessimistic,” path to that goal would see the developing world outside China returning to its slower pace of growth and poverty reduction of the 1980s and 1990s, though with China maintaining its progress. This path would take another 50 years or more to lift one billion people out of poverty. The more optimistic path would maintain the (impressive) progress against poverty since 2000, which would instead reach the target by around 2025-30. This scenario is consistent with both linear projections …
Persuasive Talk, Delegation, And Announcements, Paan Jindapon, Carlos Oyarzun
Persuasive Talk, Delegation, And Announcements, Paan Jindapon, Carlos Oyarzun
Paan Jindapon
We study persuasion in a modified Crawford-Sobel sender-receiver game in which the receiver makes a binary decision to accept or reject a good recommended by the sender. The good's quality and the sender's type (neutral or biased) are not observable to the receiver. These alterations yield a simple model and a unique truth-telling equilibrium in which neutral senders who observe different qualities fully separate. In such an equilibrium, neutral senders can only communicate low quality levels with precision and biased senders adopt a mixed strategy that can successfully persuade the receiver to accept the good most of the time. Several …
Enfoques Teóricos De Las Reglas Por Defecto En El Derecho De Contratos: Complementariedades, Coincidencias Y Contradicciones, Daniel Monroy
Enfoques Teóricos De Las Reglas Por Defecto En El Derecho De Contratos: Complementariedades, Coincidencias Y Contradicciones, Daniel Monroy
Daniel A Monroy C
El artículo muestra una lectura crítica en lo que respecta a la noción, las funciones y el diseño de las reglas por defecto en el derecho de contratos a partir de tres enfoques teóricos a saber: la perspectiva jurídica tradicional; la visión del Análisis Económico del Derecho (AED) en su versión clásica y; el enfoque del denominado behavioral law and economics (BL&E). El documento destaca con particular atención que en lo correspondiente a la noción y las funciones de las reglas por defecto en el derecho de contratos, existe un alto nivel de coherencia entre la perspectiva jurídica tradicional por …