In a series of experiments, we compare a situation where the same group of four subjects plays 25 repetitions of a public good game (partners condition) to a situation where subjects play this game in changing group formations over 25 periods (strangers condition). We observe that, on aggregate...

In this chapter we discuss a tactical optimisation problem that arises in a multistage distribution system where customer orders can be delivered from any stockpoint. A simple rule to allocate orders to locations is a break quantity rule, which routes large orders to higher-stage stockpoints and...

While the stochastic volatility (SV) generalization has been shown to improve the explanatory power compared to the Black-Scholes model, the empirical implications of the SV models on option pricing have not been adequately tested. The purpose of this paper is to first estimate a multivariate SV...

In an oligopoly, prior to competing in the market, firms have an opportunity to form pair-wise collaborative links with other firms. These pair-wise links involve a commitment of resources and lead to lower costs of production of the collaborating firms. The collection of pair-wise links defines...

Private toll roads are now seriously considered as an alternative to public (free-access) road infrastructure. Nevertheless, complete private provision without governmental control is only rarely considered. A main consideration against private roads would be that operators would be primarily...

This paper examines the use of equilibrium search models in the empirical analysis of labor markets. We survey the literature on structural estimation of these models with micro data on wages and durations, and we discuss the advantages of the equilibrium approach, for policy analysis and for...

The paper describes the development of a spatial computable general equilibrium (SCGE) model aimed at estimating the indirect economic effects arising from a large scale of transport project (Tokai-Hokuriku Expressway) in the Chubu (meaning central) region in Japan. We have adopted a joint...

This provides a short overview of the main themes of ecological economics (EE). It is

This paper analyzes the determinants of lay-offs, job-to-job movements and total separations with a unique data set that combines information on individual firms and their workers. We are in particular interested in whether the lay-off policy of firms can explain the relatively high level of...

Estimation using simulation techniques may be very time consuming. Specification tests for structural stability often require more than one of such computationally demanding estimators. Typically one for the sample, one for the post-sample and one for the combination of sample and post-sample is...