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We will embark on a journey in three parts. Part One, about our "water planet," sets the stage for water use, water … Riess, with its relevance to providing much-needed additional supplies of potable fresh water, particularly in the Middle … East. In Part Three we will address the interface between water resources and water rights in the Middle East, considering …
Persistent link: https://www.econbiz.de/10014214522
Edward O. Wilson has defined consilience as a strong reductionist program in science. This paper proposes an ontological approach to consilience, which allows for an emergentist interpretation. The methodological basis is naturalism, which is defined through some fundamental notions such as the...
Persistent link: https://www.econbiz.de/10014050280
In this study we use the 2010-2013 Survey of Consumer Finances to analyze the allocation and location of financial assets in categorizing the tax-efficiency of investment portfolios by race/ethnicity. We find that Blacks and Hispanics tend to be more tax-efficient since they invest largely...
Persistent link: https://www.econbiz.de/10012946165
Some of the literature on entrepreneurship suggests that the term entrepreneur was first introduced by either Cantillon or Say during the industrial revolution in the 18th and early 19th centuries. This article, by contrast, shows the term and the concept to be far older. Moreover, before the...
Persistent link: https://www.econbiz.de/10012947416
Large deviations for fat tailed distributions, i.e. those that decay slower than exponential, are not only relatively likely, but they also occur in a rather peculiar way where a finite fraction of the whole sample deviation is concentrated on a single variable. The regime of large deviations is...
Persistent link: https://www.econbiz.de/10013066844
In a less widely known contribution, Béla Martos (1966, Hungarian Academy of Sciences) introduced a generalized notion of concavity that is closely related to what is nowadays known as r-concavity in the operations research literature, and that is identical to what is nowadays known as...
Persistent link: https://www.econbiz.de/10010486881
Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western intellectual tradition from at least the time of Plato onward. In this brief note, I aim to uncover and succinctly state Hayek's unique definition of knowledge.
Persistent link: https://www.econbiz.de/10011950203
For many years corporate lenders have been a crucial force in the boardroom, providing a check on management and contributing to firm governance. However, lenders’ influence has receded in recent years for a large and important class of corporate borrowers. The culprit is a familiar one in a...
Persistent link: https://www.econbiz.de/10013211233
This paper uses the 2007 and 2010 waves of the Survey of Consumer Finances (SCF) to investigate how monetary incentives affect the time and effort that interviewers expend during the survey field period, and how these incentives affect effort expended by the survey respondent. The results imply...
Persistent link: https://www.econbiz.de/10013046483
Persistent link: https://www.econbiz.de/10001784768