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We live in the plastic age (the "plasticene"), producing over 300 million tonnes (mt) of plastic every year globally, 5–15 mt of which flow into already polluted oceans. Plastic remains a key material in the global economy, but low rates of collection, reuse and recycling, emissions of...
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This paper presents a new approach to solve dynamic decision models in economics. The proposed procedure, called … solve dynamic decision problems in economics by means of numerical simulations for various examples, including stochastic …
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We examine how conditionality inherent to the real-life observable data influences our forecasting and decision … decision-making by analyzing examples ranging from logic puzzles to asset pricing and model-based forecasting. Across many … decision-making …
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The term economic diplomacy has established itself in the Croatian sources as an umbrella term for all the activities of the national state to protect and promote its own economic interests in the international environment. Under the broader concept of economic diplomacy we distinguish the...
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A basic problem in empirical economics involves using data from one domain to make out-of-sample predictions for a different, but related environment. When the choice data are binary, a canonical method for making these types of predictions is the logistic choice model. This paper investigates...
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