Showing 1 - 10 of 149
A government seeks to minimise the maximum expected utility of migrants and smugglers, but has to do this under constraints. It is argued that a vote maximising government should choose policies based on the relative weight of the introduced lobby utility function, which acts as a constraint....
Persistent link: https://www.econbiz.de/10009148017
State border corruption is still a problem for Belarus, Ukraine and Moldova. In a theoretical model, it is shown how a border guard authority should optimally allocate budgetary resources to oblasts in presence of corruption, so as to minimise the general average number of illegal migrants.
Persistent link: https://www.econbiz.de/10009151122
In the article, a model of oligopolistic (duopolistic) competition between two people smuggling syndicates is developed. I consider the Cournot and Stackelberg cases. First, the deterministic case is considered, where I show the conditions of profit maximisation for the syndicates. Then, a model...
Persistent link: https://www.econbiz.de/10009151132
Many states have experienced a large influx of undocumented migrants in recent years. This has created new demands on higher educational systems at the state level. Some states have passed legislation to restrict the access of undocumented migrants to higher public education whereas others...
Persistent link: https://www.econbiz.de/10011112942
Abstract Popular models for decision making under ambiguity assume that people use not one but multiple priors. This paper is a first attempt to experimentally elicit multiple priors. In an ambiguous scenario with two underlying states we measure a subject’s single prior, her other potential...
Persistent link: https://www.econbiz.de/10011258993
In this master thesis we attempted to investigate the role of economic uncertainty in driving the behavior of household … main sources of economic uncertainty: Unemployment Risk, Fiscal Policy Uncertainty and Financial Crisis-Investment risk. We … used Unemployment rate as a proxy for labor income uncertainty and the risk of an income loss. We computed the volatility …
Persistent link: https://www.econbiz.de/10011259009
Grounded in the methodological commitments shared by various traditions in heterodox economics, this paper explores going enterprises’ cooperative actions to control markets through social networks. It is argued that 1) market institutions are created and controlled by business enterprises and...
Persistent link: https://www.econbiz.de/10011259220
This paper is an empirical investigation of uncertainty in the Euro Zone as well as the US. It conducts a factor … analysis of uncertainty measures starting in 2001 until the end of 2011. For this purpose I use survey-based data provided by … implied volatility of stock market movements. Each measure shows an increase in uncertainty during the last years marked by …
Persistent link: https://www.econbiz.de/10011259226
According to Katz [6] some of the basic notions of probability existed in ancient civilizations. In The Talmud and in Roman calculations of annuities there is some evidence of this. However, no record of numerical probability calculations exists. Hald [5], Bernstein [1] and Katz [6] agree that...
Persistent link: https://www.econbiz.de/10011259826
This paper examines joint adoption of safer irrigation technologies under uncertainty. The new irrigation technologies …
Persistent link: https://www.econbiz.de/10011259908