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reduction in rural areas. This paper reviews contemporary empirical and conceptual thinking on the economics of diversity, non …
Persistent link: https://www.econbiz.de/10005556006
participate in non-farm rural enterprise and employment opportunities. We place emphasis on the diversity and diversification of …
Persistent link: https://www.econbiz.de/10005556073
The current organization of forensic work may induce biases in forensic analysis (Risinger et al. 2002). Such biases may have a differential impact across groups, creating differential bias. We should reorganize forensic work to reduce differential bias. The obvious strategy of hiring ethnically...
Persistent link: https://www.econbiz.de/10005556815
issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …
Persistent link: https://www.econbiz.de/10005076652
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...
Persistent link: https://www.econbiz.de/10005076835
Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …
Persistent link: https://www.econbiz.de/10005077043
. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is …
Persistent link: https://www.econbiz.de/10005077089
This paper re-examines the effects of inflation and exchange rate uncertainty on real economic activity. The existent … literature has treated both issues as separate subject matters. It has emphasized either the issue of inflation uncertainty or … exchange rate uncertainty on economic growth or on different measures of economic activity. This paper attempts dealing with …
Persistent link: https://www.econbiz.de/10005125542
We give the reader a tour of good energy optimization models that explicitly deal with uncertainty. The uncertainty …
Persistent link: https://www.econbiz.de/10005125661
The consequences of many policies are complicated and difficult to foresee. Those who are capable of providing information to policy makers often have a vested interest in the outcomes. This gives them an incentive to distort information to manipulate policy decisions. In this article we argue...
Persistent link: https://www.econbiz.de/10005125873