The present complexity approach is based on two assumptions: A1: measurability of deviations of outcomes with respect … to reference values; A2 : extension of A1 to multi-set analysis. Complexity is then defined in terms of multi …-set deviation compared to single-set ones; an interpretation is given in terms of information costs; examples show the relevance of …

and OPU shocks are larger when allowing for asymmetries in the context of the NARDL framework. Further, EPU shocks …

This article investigates whether the distance between origin and destination has played an increased role in shaping … 2012 are years of economic recession. The analytical tool employed is a gravity model. Our results document that distance …

important. Geographical distance plays a major role in location decisions, a finding that is especially pronounced for workers …

bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … unit, our model predicts that markups rise with distance and fall with tariffs, but these effects are heterogeneous and are …

a series of additional laboratory experiments suggest that task complexity decreases the responsiveness to incentives …

We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity … complexity, which increases when suboptimal alternatives become more similar to optimal ones. We develop a satisficing … confirm these predictions in a novel data set with information on hundreds of millions of decisions in chess endgames. First …