Narrow search
Showing 1 - 10 of 191
Cover Image
ECONOMIC / ENVIRONMENTAL SYSTEM INTERACTION
Vildosola, Luis - EconWPA - 2003
This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...
Persistent link: https://www.econbiz.de/10005062749
Cover Image
Pricing in Economies with a Variable Number of Commodities
Gilles, Robert P.; Diamantaras, Dimitrios - EconWPA - 1997
We present a general equilibrium model that encompasses the endogenous selection of a set of tradeable commodities. At its foundation we introduce the notion of a trade infrastructure as a set of social institutions describing the trade and production technologies available to the agents in the...
Persistent link: https://www.econbiz.de/10005135068
Cover Image
The Option Value of Scientific Uncertainty on Pest - Resistance Development of Transgenic Crops
Wesseler, Justus - EconWPA - 2002
In this paper the option value of waiting under scientific uncertainty will be derived using the difference between the geometric Brownian motion and the mean reverting process by applying contingent claim analysis. The results will be compared with those generated by either using a geometric...
Persistent link: https://www.econbiz.de/10005556146
Cover Image
The Option Value of Scientific Uncertainty on Pest - Resistance Development of Transgenic Crops
Wesseler, Justus - EconWPA - 2002
In this paper the option value of waiting under scientific uncertainty will be derived using the difference between the geometric Brownian motion and the mean reverting process by applying contingent claim analysis. The results will be compared with those generated by either using a geometric...
Persistent link: https://www.econbiz.de/10005118857
Cover Image
The Valuation of the IJmeer Nature Reserve using Conjoint Analysis
Baarsma, Barbara E. - EconWPA - 2004
This paper describes an application of conjoint analysis. The subject of the valuation study is the IJmeer nature reserve, which will be partly destroyed when the new residential area IJburg is built. This paper addresses the following question: ‘What is the extent of the loss of green and...
Persistent link: https://www.econbiz.de/10005062465
Cover Image
Public-Good Productivity Differentials and Non-Cooperative Public-Good Provision
Ley, Eduardo - EconWPA - 1996
We explore the generality of Konrad and Lommerud (1995)'s Rotten Spouse Theorem. While the result holds for an arbitrary number of agents, it fails to hold for general technologies. We discuss some of the implications for CO2-emissions models.
Persistent link: https://www.econbiz.de/10005560976
Cover Image
Unhappiness and Crime: Evidence from South Africa
Powdthavee, Nattavudh - EconWPA - 2003
This paper is the first of its kind to study quality of life responses of crime victims. Using cross-sectional data from the OHS97 survey of South Africa, we show that victims report significantly lower well-being than the non-victims, ceteris paribus. Happiness is lower for nonvictimized...
Persistent link: https://www.econbiz.de/10005407734
Cover Image
The Information Content of German Discount Rate Changes
Neumann, Manfred J.M.; Weidmann, Jens - EconWPA - 1997
Discount rate changes always receive considerable attention in financial markets. Two hypotheses compete to explain financial market reactions: the direct ‘borrowing cost effect’ and the announcement effect. This paper examines the issue for the Bundesbank’s discount rate changes after...
Persistent link: https://www.econbiz.de/10005126367
Cover Image
The function of the central bank
Stanners, Walter - EconWPA - 2002
The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...
Persistent link: https://www.econbiz.de/10005561324
Cover Image
Evolution as Learning Yields Hyperbolic Discounting
Woods, James - EconWPA - 2003
decrease, known as hyperbolic discounting, is consistent with what is observed in psychology studies, while the limiting case …, exponential discounting, is consistent with market level observations. This model closes the gap between individual and market … level observations of discounting behavior without explicitly assuming the two kinds of discounting nor relying on …
Persistent link: https://www.econbiz.de/10005125641