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Spatial homogeneity is a strong assumption in the hedonic housing price context; if not analyzed conveniently it can be a potential source of specification errors. Spatial heterogeneity occurs when a territorial segmentation exists in the housing market and, therefore, either the hedonic prices...
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supplying regions in Mexico. As a consequence of the intensive exploitation of groundwater resources for irrigating purposes … energy consumption necessary for lifting and distributing the groundwater in the agricultural land. Due to this long …-term overdraft pumping, not only the groundwater flow dynamics are constantly changing, but also water quality has deteriorated …
Persistent link: https://www.econbiz.de/10012178305
Monterrey procures about 40% of its water supply from groundwater resources, considering several aquifers below and … groundwater during drought conditions can deteriorate water quality, raising the energy consumption and costs of lifting, moving …) and discharge zone waters (north and northeast of the city). According to this, it can be concluded that groundwater from …
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We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...
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Standard program evaluations implicitly assume that individuals are perfectly informed about the considered policy change and the related institutional rules. This seems not very plausible in many contexts, as diverse examples show. However, evidence on how incomplete information affects the...
Persistent link: https://www.econbiz.de/10012436245