Showing 1 - 10 of 66
his paper analyses the work of the Nobel Prize winning economist Professor Amartya Sen from the perspective of human rights. It assesses the ways in which Sen’s research agenda has deepened and expanded human rights discourse in the disciplines of ethics and economics, and examines how his...
Persistent link: https://www.econbiz.de/10011126641
food demand functions; economic growth; Tobin’s q; the ‘Tobin Tax’ ; the monetary and fiscal policy effectiveness debate …
Persistent link: https://www.econbiz.de/10011071326
This paper re-examines Hayek’s insights into the problem of knowledge in markets, and argues that his analysis remains pertinent but has serious flaws. His central thesis—that the market price system is essential for communicating information and coordinating transactions wherever knowledge...
Persistent link: https://www.econbiz.de/10011071336
The recent crisis underlined that proper estimation of distress-dependence amongst banks in a global system is essential for financial stability assessment. We present a set of banking stability measures embedding banks’ linear (correlation) and nonlinear distress-dependence, and their changes...
Persistent link: https://www.econbiz.de/10010744840
' trading behaviors, and the liquidity level in an inter-temporal cap{and{trade market using laboratory experiments. The … theoretical models on irreversible abatement investment, the first experiment shows that regulated companies trade permits at a …
Persistent link: https://www.econbiz.de/10010745458
This paper sheds new light on the subtle relation between probability and logic by (i) providing a logical development of Bruno de Finetti's conception of events and (ii) suggesting that the subjective nature of de Finetti's interpretation of probability emerges in a clearer form against such a...
Persistent link: https://www.econbiz.de/10011125951
This paper proposes an approach to proving nonparametric identification for distributions of bidders' values in asymmetric second-price auctions. I consider the case when bidders have independent private values and the only available data pertain to the winner's identity and the transaction...
Persistent link: https://www.econbiz.de/10011126732
, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and …
Persistent link: https://www.econbiz.de/10010884693
This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and … converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10010884745
This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …
Persistent link: https://www.econbiz.de/10010928630