Showing 1 - 10 of 83
Despite increasing average real family incomes in Costa Rica in the late 1990s and early 2000s, poverty rates did not fall. In this paper, we argue that during this period economic growth in Costa Rica did not translate into reduced poverty because of changes in family structure and in the labor...
Persistent link: https://www.econbiz.de/10010268845
We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business cycle comovements with the United States. While the literature often focuses on the correlation of shocks, we point out that the response of each country to the shocks is also an...
Persistent link: https://www.econbiz.de/10010276355
We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business cycle comovements with the United States. While the literature often focuses on the correlation of shocks, we point out that the response of each country to the shocks is also an...
Persistent link: https://www.econbiz.de/10010289302
When a society overthrows a ruler - call the ruler Caesar - what determines whether Caesar is killed or enslaved? This paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power. The model pertains to societies which value ordinal...
Persistent link: https://www.econbiz.de/10010268571
Detecting the number of breaks in the mean can be challenging when it comes to the long memory framework. Tree-based procedures can be applied to time series when the location and number of mean shifts are unknown and estimate the breaks consistently though with possible overfitting. For pruning...
Persistent link: https://www.econbiz.de/10010294423
Did the 2011 announcement by The Economist that ‘business has much to learn from the arts’ signal another short-lived management fad? Or might it mean that artistic interventions have entered the mainstream so that working with people, products and practices from the world of the arts can...
Persistent link: https://www.econbiz.de/10011611254
entrepreneurship is hard to achieve. This paper, by means of a case study of a German private art museum 'Kunstmuseum Gehrke …-Remund', analyzes the disruptive methods, both atypical and contrary to the mainstream art industry, developed to ensure the sustainable … roadmap designed by the Kunstmuseum to successfully enter the elitist contemporary art industry, as an outsider, and provide …
Persistent link: https://www.econbiz.de/10011990639
We study the accuracy and usefulness of automated (i.e., machine-generated) valuations for illiquid and heterogeneous real assets. We assemble a database of 1.1 million paintings auctioned between 2008 and 2015. We use a popular machine-learning technique - neural networks - to develop a pricing...
Persistent link: https://www.econbiz.de/10012118740
In the secondary art market, artists play no active role. This allows us to isolate cultural influences on the demand … their preferences for paintings associated with female artists. Women's art appears to sell for less because it is made by …
Persistent link: https://www.econbiz.de/10011903846
Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...
Persistent link: https://www.econbiz.de/10011931955