Financial Theory Has A Paradigm A La Kuhn?,
2010
SelectedWorks
Financial Theory Has A Paradigm A La Kuhn?, Fernando Estrada
Fernando Estrada
This article aims to discuss two issues relatively linked. The first is an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept. The second objective is to analyze the scope of the Kuhnian concept of models to evaluate financial explanation. Is explored preliminarily proposed fractal models / multifractal (F / M) of Mandelbrot [Mand97, 82, 02, 05]. …
Paramilitary Language In The Colombian Armed Conflict,
2010
SelectedWorks
Paramilitary Language In The Colombian Armed Conflict, Fernando Estrada
Fernando Estrada
The war in Colombia presents, among other characteristics, a high content of oratorical and rhetoric; the different armed actors are disputed, besides territories, the power of the public opinion, with what each violent action is usually accompanied by a discursive or symbolic justification. The present rehearsal offers an analysis of the paramilitary speech, starting from the declarations and interviews to Carlos Castaño, main boss of the selfdefenses. The paramilitary rhetoric is studied here from the theory of the speech acts of Austin-Searle, the theory of the argument of Chaïm Perelman, and the recent works has more than enough Metaphors of …
Uses Of Arguments And Negotiation,
2010
SelectedWorks
Uses Of Arguments And Negotiation, Fernando Estrada
Fernando Estrada
In the recent literature on conflict resolution tends to underline negotiation model based on the argument or dialogue. Exchange between different styles of argument some trends have emerged in the rhetoric applied to the law, especially in procedural law. During the last decade researchers have recognized the value of the argument to understand various problems of jurisprudence in cases of conflict and strife. This paper proposes a complementary design to the analysis of the negotiation process based on debate and dialogue. It advocates a theory of argumentation in negotiation processes for instances where rational agents use strategies unpredictable with incomplete …
The Names Of The Leviathan,
2010
SelectedWorks
The Names Of The Leviathan, Fernando Estrada
Fernando Estrada
This book is designed to offer an interpretation of armed conflict in Colombia using analytical tools from the philosophy of language (Perelman, Lakoff Facounnier). It addresses the civil war in Colombia taking into account the work of Thomas Hobbes's Leviathan
Implications Of The Economic Interactions Between Northern And Southern Tribes Of Sudan,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Implications Of The Economic Interactions Between Northern And Southern Tribes Of Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The present paper discusses issues of the tribal interactions living on the borders between North and South Sudan. Fore-sights are looked for, especially after secession. There are multiple ethnic relations and mutual resources collectively utilized. Different tribes live on those resources, in specifics those who depend on a livelihood of herding cattle, camels, sheep and goats. The conceptions of no-borders, free water resources and open range were entrenched for hundreds of years. The sudden realization of necessities of new borders generates revulsion, sense of deprivation and end of traditional life practice. Additionally, development issues are weak with lack of infrastructure, …
Effects Of Investment On Macroeconomic Variables In The Sudanese Economy,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Effects Of Investment On Macroeconomic Variables In The Sudanese Economy, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
Most developing and underdeveloped countries beside Sudan suffer from the low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual's abilities on self savings, where the investment is considered as major motivating vehicle for economic activity due to its direct correlation with the capital accumulation process that increases the productivity capacity for the national economy and creating job opportunities and achieving economic development. Subsequently, the importance of the investment comes from effective role that can be practiced on the national product. The present …
Empirical Analysis Of Field Data On Hiv/Aids Epidemic In Khartoum State, Sudan,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Empirical Analysis Of Field Data On Hiv/Aids Epidemic In Khartoum State, Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The study focuses on the HIV/AIDS in Khartoum state during the period (2003-2007). The main objectives are to study the situation of HIV/AIDS in Khartoum state through a sample of 1439 of volunteers for the three selected blood testing and counseling centers in Khartoum, Omdurman, and Khartoum North teaching hospitals. The data of the study were collected from secondary source namely the registered information about volunteers after testing blood for HIV. The data were analyzed by using descriptive statistics, chi-square test for dependency between demographic variables and HIV/AIDS incidence, and logistic regression model to discover the effect of predictors variables …
Introduction To The Macroeconomic Structure Of Yemen,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Introduction To The Macroeconomic Structure Of Yemen, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
In countries where tools of economic control are immature and disabled due to totalitarian systems, macroeconomic analyses for aggregate quantities and relationships, such as total consumption, investment, and government expenditures represents a difficult task. The practice of aggregation distinguishes this field of microeconomics and has advantages but also creates problems, a brief survey of these problems is required now, although a deeper appreciation of these must await the critical attitudes that can only develop with more exposure to entire subject. One difficulty is the complex area known as the aggregation problem, the classifying of widely varying goods or activities into …
Property Rights, Land Disputes And Social Discontent In Sudan,
2010
Department of Economics. Al Neelain University, Khartoum, Sudan
Property Rights, Land Disputes And Social Discontent In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
Under the present civil Sudanese conditions, the country endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, those are not the sole reasons for the sporadic conflicts that infest the people. Illegitimate property and economic hoardings seem to be inflaming the Sudanese societies. Social conflicts are manifested in simple man's daily complaints to open rebellions. Most academicians agree on one point, that the society endures abnormal conditions. The current paper delves into land disputes in the South Kordofan region and displays there anomalies affecting the Sudanese state of affairs. The economic and social structures are …
Adjustment Costs, Errors In Risk Weights, And Banks' Balance Sheets: The 1988 Basel Accord Revisited,
2010
Baldwin-Wallace College
Adjustment Costs, Errors In Risk Weights, And Banks' Balance Sheets: The 1988 Basel Accord Revisited, Kevin T. Jacques, Elva Coadari, John Thornton
Kevin T Jacques
In the context of a profit-maximization model that recognizes both non-homogeneous adjustment costs and errors in risk weights, this paper examines the question of why different banks exhibited different responses to implementation of the 1988 Accord.
Procyclicality, Bank Lending, And The Macroeconomic Implications Of A Revised Basel Accord,
2010
Baldwin-Wallace College
Procyclicality, Bank Lending, And The Macroeconomic Implications Of A Revised Basel Accord, Kevin T. Jacques
Kevin T Jacques
No abstract provided.
Using Forward Markets To Improve Electricity Market Design,
2010
University of Maryland
Using Forward Markets To Improve Electricity Market Design, Peter Cramton, Lawrence Ausubel
Peter Cramton
Forward markets, both medium term and long term, complement the spot market for wholesale electricity. The forward markets reduce risk, mitigate market power, and coordinate new investment. In the medium term, a forward energy market lets suppliers and demanders lock in energy prices and quantities for one to three years. In the long term, a forward reliability market assures adequate resources are available when they are needed most. The forward markets reduce risk for both sides of the market, since they reduce the quantity of energy that trades at the more volatile spot price. Spot market power is mitigated by …
Virtual Power Plant Auctions,
2010
University of Maryland
Virtual Power Plant Auctions, Peter Cramton, Lawrence Ausubel
Peter Cramton
Since their advent in 2001, virtual power plant (VPP) auctions have been implemented widely. In this paper, we describe the simultaneous ascending-clock auction format that has been used for virtually all VPP auctions to date, elaborating on other design choices that most VPP auctions have had in common as well as discussing a few aspects that have varied significantly among VPP auctions. We then evaluate the various objectives of regulators in requiring VPP auctions, concluding that the auctions have been effective devices for facilitating new entry into electricity markets and for developing wholesale power markets.
Staying Put: A Rebuttal To Tiebout,
2010
Florida State University
Staying Put: A Rebuttal To Tiebout, Bruce D. Mcdonald Iii
Bruce D. McDonald, III
Charles Tiebout’s belief that people “vote with their feet” for communities with optimal combinations of public goods and tax levels has played a pivotal role in local public financing since it was first published in 1956. Despite the reliance upon Tiebout’s hypothesis within the literature, recent empirical work has shown mixed support. While researchers have begun to reconsider the modeling techniques used, what they have missed is a recent change in the nature of local governments. A rising belief within the organizational literature is that institutions gain legitimacy through isomorphic tendencies. This paper follows the isomorphic debate and suggests that …
The Defense-Growth Relationship: An Economic Investigation Into Post-Soviet States,
2010
Florida State University
The Defense-Growth Relationship: An Economic Investigation Into Post-Soviet States, Bruce D. Mcdonald Iii, Robert J. Eger Iii
Bruce D. McDonald, III
An important question stemming from the collapse of the Soviet Union is how defense spending has influenced the economic performance of the 15 member states since their establishment as market economies. This study furthers the understanding of the relationship between defense spending and economic growth using data from the states of the former Soviet Union from 1992 to 2007. A nonlinear production function was used for direct effects, and models of investment and employment were employed for indirect effects. Contrary to expectations, the findings show that continued reliance on the defense sector in post-Soviet states has helped overall economic growth. …
John Rawls's Difference Principle And The Strains Of Commitment: A Diagrammatic Exposition,
2010
SelectedWorks
John Rawls's Difference Principle And The Strains Of Commitment: A Diagrammatic Exposition, Greg Hill
Greg Hill
No abstract provided.
Some Wittgensteinian Reservationas About Neuroeconomics,
2010
SelectedWorks
Some Wittgensteinian Reservationas About Neuroeconomics, Greg Hill
Greg Hill
Abstract: In Economic Theory and Cognitive Science, Don Ross proposes a radical reconstruction of neoclassical economics, retaining its rational-choice framework while substituting neural networks and other “mechanisms” for people as the prototypical decision-making agents. This essay describes some of the difficulties that arise when concepts belonging to what Wittgenstein called the human “form of life” are invoked to explain the behavior of such sub-personal “agents” as parts of the brain. The result is a misbegotten conception of “agency” and a “cyborg economics” the subject matter of which bears little relation to what economists and ordinary people mean by “making a …
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms,
2010
Syracuse University
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms, A. Joseph Warburton
College of Law - Faculty Scholarship
This paper studies the effects of organizational form on managerial behavior and firm performance, from an empirical perspective. Managers of trusts are subject to stricter fiduciary responsibilities than managers of corporations. This paper examines the ramifications empirically, by exploiting data generated by a change in British regulations in the 1990s that allowed mutual funds to organize as either a trust or a corporation. I find evidence that trust law is effective in curtailing opportunistic behavior, as trust managers charge significantly lower fees than their observationally equivalent corporate counterparts. Trust managers also incur lower risk. However, evidence suggests that trust managers …
Sustainability Initiatives In East Bayside Neighborhood Portland, Maine,
2010
University of Southern Maine
Sustainability Initiatives In East Bayside Neighborhood Portland, Maine, Garvan Donegan, Henry Heyburn, Caitlyn Horose, Matt Klebes, Jennifer Riley, Damon Yakovleff, New England Environmental Finance Center
Planning
This is a bundle containing research on sustainability initiatives that could be implemented in the East Bayside neighborhood of Portland, ME. These six essays were prepared by the Spring, 2010 Sustainable Communities Class known as CPD 602 at the University of Southern Maine. The class is part of the core curriculum of the Community Planning and Development program of the Muskie School of Public Service at the university. The instructor for the class was Samuel Merrill, Ph. D. who is also director of the New England Environmental Finance Center at the University. These papers were prepared in conjunction with Alan …
An Examination Of Non-Linear Relationships Between Intellectual Property Rights Protection And Growth,
2010
Gettysburg College
An Examination Of Non-Linear Relationships Between Intellectual Property Rights Protection And Growth, Brian R. Lemak
Gettysburg Economic Review
This paper examines the possibility of a non-linear relationship existing between intellectual property rights protection (IPR) and gross domestic product (GDP) growth rates. A theoretical justification is developed for the potential existence of a non-linear relationship in terms of a quadratic relationship. This is then examined using panel data from 191 countries and taken in 5 year intervals, although the data had many missing observations. Results indicate there is statistically significant evidence that a quadratic relationship exists between IPR and GDP growth, however there are reservations about this evidence due to a dearth of observations in countries with very weak …
