Water is a vital resource for human existence on earth. The importance of this resource to the wellbeingof mankind and the general scarcity of drinking water which is expected to grow requires thepublic to reflect on the best ways to address demand and supply issues. Therefore, the discourse...

The evidence strongly suggests a robust negative relationship between income and fertility, anda positive relationship between income and longevity. This is puzzling for standard dynamicmodels. For instance, altruistic models that use the most standard preferences in macro-timeseparable CRRA...

This paper introduces a framework that directly quanti…es information spillovers be-tween …nancial markets. Information spillovers occur when market speci…c information,de…ned as information that directly affects the return or volatility in one market only,indirectly affects returns or...

Flexicurity labour markets are characterised by flexible hiring/firing rules, generous socialsafety net, and active labour market policies. How can such labour markets cope with theconsequences of the Great Recession? Larger labour shedding is to be expected and thisstrains the social safety net...

Transport policy research seeks to predict and substantially reduce the future transport-related greenhouse gasemissions and fuel consumption to prevent negative climate change impacts and protect the environment.However, making such predictions is made difficult due to the uncertainties...

By the early twentieth century, Schumpeter had already stressed the importance of innovation for a sustainable development of enterprises. Innovation is especially important for information and com-munication technology (ICT) companies as their business model is based on rapidly changing...

This paper presents the results of a field study at a large financial services firm that combinesmultiple methods, including two economic experiments, to measure ethical norms and theirbehavioral correlates. Standard survey questions eliciting ethical evaluations of actions in on-thejobethical...

We address the long standing question of whether production factors are paid their marginalproducts. We propose a new approach that circumvents the need to specify productionfunctions and to compare marginal products to factor payments. Our approach is based on asimple equation that directly...

We examine the asymptotic behavior of unit root tests against nonlinear alternativesof the exponential smooth transition type if the data is erroneously nonlinearly transformed...

This paper describes a parallel algorithm for selecting activation functionsof an articial network. For checking the eciency of this algorithm a count ofmultiplicative and additive operations is used.[...]