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Technology as a channel of economic growth in India

Chakraborty, Suparna - EconWPA - 2005

After decades of slow growth since Independence from the British Raj, Indian economy registered its own small miracle, when growth rate of GDP per capita surpassed the long term growth rate of many advanced economies. What caused this miracle? In this paper, we search for an answer in the...

Persistent link: https://www.econbiz.de/10005126360

Pricing of Complementary Goods and Network Effects

Economides, Nicholas; Viard, Brian - EconWPA - 2004

We discuss the case of a monopolist of a base good in the presence of complementary goods provided either by it or by other firms. We assess and calibrate the extent of the influence on the profits from the base good that is created by the existence of complementary goods, i.e., the extent of...

Persistent link: https://www.econbiz.de/10005412872

Calibration of Interest Rate Models - Transition Market Case

Vojtek, Martin - EconWPA - 2004

A methodology to calibrate multifactor interest rate model for transition countries is proposed. The usual methodology … of calibration with implied volatility cannot be used as there are no markets for regularly traded derivatives. The … existence of such a markets is essential for this calibration. The paradigm used is the Brace-Gatarek- Musiela model of interest …

Persistent link: https://www.econbiz.de/10005413130

Evaluating Explanations for Stagnation

Caucutt, Elizabeth M.; Kumar, Krishna B. - EconWPA - 2004

. The methodology of calibration is ideally suited for this evaluation, given the paucity of high-quality data, the high …

Persistent link: https://www.econbiz.de/10005556092

Curbside Recycling: Waste Resource or Waste of Resources?

Aadland, David; Caplan, Arthur J. - EconWPA - 2003

In this paper, we estimate the social net benefits of curbside recycling. Benefits are estimated using survey data on household willingness to pay (WTP) from over 4,000 households across 40 western U.S. cities. We calibrate WTP for hypothetical bias using an experimental design that contrasts...

Persistent link: https://www.econbiz.de/10005118870

The intermingling between cognitive economics and experimental

Novarese, Marco; Rizzello, Salvatore - EconWPA - 2004

The paper discusses the relation between experimental economics and the cognitive approach, after having outlined the chief characteristics of the major lines of research in both areas, also with reference to the historical development and to methodological issues. Then the attention is focused...

Persistent link: https://www.econbiz.de/10005076658

Against Rigid Rules - Keynes's Economic Theory

Muchlinski, Elke - EconWPA - 2005

This paper provides textual evidence of Keynes´s position on monetary policy and shaping international monetary relations. One result of my contribution is that the famous dichotomy 'rules versus discretion' is of no relevance to his economic theory, because he used the term 'rules' not in the...

Persistent link: https://www.econbiz.de/10005076842

La question de l'accès au droit dans le cadre de la réforme de la justice : Vers une méthode comparative

Jacquinet, Marc - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005126027

How to Make Scientists Agree - An Evolutionary Betting Mechanism

Slembeck, Tilman - EconWPA - 2000

This paper proposes an evolutionary betting mechanism that refers to scientists' academic reputation. The mechanism provides incentives for theoretical and empirical researchers to work on joint projects, thereby producing more general findings and stylized facts that can be used in giving...

Persistent link: https://www.econbiz.de/10005126068

The Disutility of International Debt: Analytical Results and Methodological Implications

Hannsgen, Greg - EconWPA - 2005

In dealing with the problematic relationship of morality to rational choice theory, neoclassical economists since Lionel Robbins have often argued that they can incorporate moral values into consumer theory by putting those values into the utility function. This paper tests the viability of such...

Persistent link: https://www.econbiz.de/10005126078