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Full-Text Articles in Social and Behavioral Sciences
Paso Del Norte Economic Indicator Review, December, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, December, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Highlights From The Borderplex Economic Outlook To 2022, Thomas M. Fullerton Jr., Steven L. Fullerton
Highlights From The Borderplex Economic Outlook To 2022, Thomas M. Fullerton Jr., Steven L. Fullerton
Border Region Modeling Project
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 12, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 12, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Paso Del Norte Economic Indicator Review, November, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, November, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 11, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 11, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Mexico Consensus Economic Forecast, Volume 23, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Mexico Consensus Economic Forecast, Volume 23, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Border Region Modeling Project
No abstract provided.
Paso Del Norte Economic Indicator Review, October, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, October, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 10, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 10, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Las Cruces Housing Price Fluctuations: 1971-2017, Steven L. Fullerton, James H. Holcomb, Thomas M. Fullerton Jr.
Las Cruces Housing Price Fluctuations: 1971-2017, Steven L. Fullerton, James H. Holcomb, Thomas M. Fullerton Jr.
Border Region Modeling Project
This study analyzes the median price for existing single-family housing units in Las Cruces, New Mexico. The proposed theoretical model accounts for the interplay between supply and demand sides of a metropolitan housing market. Explanatory variables used in the analysis are real per capita income, the housing stock, real mortgage rates, real apartment rents, and the median real price of single-family units in the United States. Annual frequency data are collected for a 1971-2017 sample period. Parameter estimation is completed using two stage generalized least squares. Empirical results confirm several, but not all, of the hypotheses associated with the underlying …
Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía
Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía
Departmental Papers (E & F)
This study examines how residential electricity consumption (KWHC) reacts to changes in the price of electricity, the price of natural gas, real income per capita, heating degree days, and cooling degree days. Annual frequency data analyzed are for Las Cruces, the second largest metropolitan economy in New Mexico. The sample period is 1977 to 2016. An Autoregressive-Distributed Lag model (ARDL) is employed to obtain long-run and short-run elasticities. In the long-run, residential consumption does not respond in a statistically reliable manner to any of the explanatory variables. All of the coefficient signs are as expected and those for real per …
Paso Del Norte Economic Indicator Review, September, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, September, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich
Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich
Departmental Technical Reports (CS)
On a qualitative level, everyone understands the need to have diversity in elected decision-making bodies, so that the viewpoint of each group be properly taken into account. However, when only the usual economic criteria are used in this election -- e.g., in the election of company's board -- the resulting bodies often under-represent some groups (e.g., women). A frequent way to remedy this situation is to artificially enforce diversity instead of strictly following purely economic criteria. In this paper, we show the current seeming contradiction between economics and diversity is caused by the imperfection of the use economic models: in …
Paso Del Norte Economic Indicator Review, August, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, August, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Mexico Consensus Economic Forecast, Volume 23, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Mexico Consensus Economic Forecast, Volume 23, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Border Region Modeling Project
No abstract provided.
How Can Econometrics Help Fight The Covid'19 Pandemic?, Kevin Alvarez, Vladik Kreinovich
How Can Econometrics Help Fight The Covid'19 Pandemic?, Kevin Alvarez, Vladik Kreinovich
Departmental Technical Reports (CS)
The current pandemic is difficult to model -- and thus, difficult to control. In contrast to the previous epidemics whose dynamics was smooth and well described by the existing models, the statistics of the current pandemic is highly oscillating. In this paper, we show that these oscillations can be explained if we take into account the disease's long incubation period -- as a result of which our control measures are determined by outdated data, showing number of infected people two weeks ago. To better control the pandemic, we propose to use the experience of economics, where also the effect of …
Why Quadratic Log-Log Dependence Is Ubiquitous And What Next, Sean R. Aguilar, Vladik Kreinovich, Uyen Pham
Why Quadratic Log-Log Dependence Is Ubiquitous And What Next, Sean R. Aguilar, Vladik Kreinovich, Uyen Pham
Departmental Technical Reports (CS)
In many real-life situations ranging from financial to volcanic data, growth is described either by a power law -- which is linear in log-log scale, or by a quadratic dependence in the log-log scale. In this paper, we use natural scale invariance requirement to explain the ubiquity of such dependencies. We also explain what should be a reasonable choice of the next model, if quadratic turns out to be not too accurate: it turns out that under scale invariance, the next class of models are cubic dependencies in the log-log scale, then fourth order dependencies, etc.
Paso Del Norte Economic Indicator Review, July, Hunt Institute For Global Competitiveness
Paso Del Norte Economic Indicator Review, July, Hunt Institute For Global Competitiveness
Technical Reports
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 7, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 7, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Decision Making Under Interval Uncertainty Revisited, Olga Kosheleva, Vladik Kreinovich, Uyen Pham
Decision Making Under Interval Uncertainty Revisited, Olga Kosheleva, Vladik Kreinovich, Uyen Pham
Departmental Technical Reports (CS)
In many real-life situations, we do not know the exact values of the expected gain corresponding to different possible actions, we only have lower and upper bounds on these gains -- i.e., in effect, intervals of possible gain values. How can we made decisions under such interval uncertainty? In this paper, we show that natural requirements lead to a 2-parametric family of possible decision-making strategies.
Borderplex Business Barometer, Volume 4, Number 6, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 6, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate
Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate
Departmental Papers (E & F)
Economic stress indices are used to monitor business cycle conditions in several regions.Although the deployment of these tools is spreading, there have been relatively few efforts to empirically assess the performance of these gauges, especially at the regional level.This study takes advantage of one such index that is published monthly and has more than 15 years of historical data.Results obtained confirm an inverse relationship between household economic duress and retail sales activity, but it is not found to be statistically reliable over the long-run.Deviations from equilibrium are found to last for 142 months.More relevantly, a 1-point increase in the index …
Economics Of Reciprocity And Temptation, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich, Nguyen Ngoc Thach
Economics Of Reciprocity And Temptation, Laxman Bokati, Olga Kosheleva, Vladik Kreinovich, Nguyen Ngoc Thach
Departmental Technical Reports (CS)
Behavioral economics has shown that in many situations, people's behavior differs from what is predicted by simple traditional utility-maximization economic models. It is therefore desirable to be able to accurately describe people's actual behavior. In some cases, the difference from the traditional models is caused by bounded rationality -- our limited ability to process information and to come up with a truly optimal solutions. In such cases, predicting people's behavior is difficult. In other cases, however, people actually optimize -- but the actual expression for utility is more complicated than in the traditional models. In such case, it is, in …
Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul
Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul
Departmental Technical Reports (CS)
As econometric models become more and more accurate and more and more mathematically complex, they also become less and less intuitively clear and convincing. To make these models more convincing, it is desirable to supplement the corresponding mathematics with commonsense explanations. In this paper, we provide such explanation for three economics-related concepts: sparsity (as in LASSO), Zipf's Law, and Nash's bargaining solution.
Borderplex Pandemic Monitor, Thomas M. Fullerton Jr., Steven L. Fullerton
Borderplex Pandemic Monitor, Thomas M. Fullerton Jr., Steven L. Fullerton
Border Region Modeling Project
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.
How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le
How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le
Departmental Technical Reports (CS)
According to the traditional economics, the price that a person is willing to pay for an item should be uniquely determined by the value that this person will get from this item, it should not depend, e.g., on the asking price proposed by the seller. In reality, the price that a person is willing to pay does depend on the asking price; this is known as the anchoring effect. In this paper, we provide a natural justification for the empirical formula that describes this effect.
Mexico Consensus Economic Forecast, Volume 23, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Mexico Consensus Economic Forecast, Volume 23, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate
Border Region Modeling Project
No abstract provided.
Borderplex Business Barometer, Volume 4, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Borderplex Business Barometer, Volume 4, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana
Border Region Modeling Project
No abstract provided.