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Many groups are required to make collective decisions over multiple interconnected propositions. The "doctrinal paradox" or "discursive dilemma" shows that propostionwise majority voting can lead to inconsistent collective outcomes, even when the judgments of individual group members are...
Persistent link: https://www.econbiz.de/10005730384
We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data...
Persistent link: https://www.econbiz.de/10005730385
This paper examines the adequacy of the augmented Solow model for explaining international variation in the standard of living and growth rates. Robust estimation and measurement error diagnostics are used to assess the model in a variety of dimensions. The main findings are that the speed of...
Persistent link: https://www.econbiz.de/10005730386
In this paper we develop a time series model which allows long-term disequilibriums to have epochs of non-stationarity, giving the impression that long term relationships between economic variables have temporarily broken down, before they endogenously collapse back towards their long term...
Persistent link: https://www.econbiz.de/10005730387
This paper proposes that one function of the open fields was to reduce the transaction costs of cow-keeping by lowering commoners’ costs of bulling. At enclosure, cow-keeping fell among small owners who, unlike large farmers, had difficulty obtaining bulling services and were not substantial...
Persistent link: https://www.econbiz.de/10005730388
Persistent link: https://www.econbiz.de/10005730389
Between 1700 and 1850, English grain yields were substantially higher than those attained in other countries. It is widely believed that yields were constrained by the availability of nitrogen, and that supplies of nitrogen were effectively limited to animal dung produced on the farm. This paper...
Persistent link: https://www.econbiz.de/10005730390
Accounts of the British fertility decline have turned on the rise of the male breadwinner family, which by placing the responsibility for supporting women and children on men converted them to a preference for smaller families. This paper uses working-class autobiography of the eighteenth and...
Persistent link: https://www.econbiz.de/10005730391
Studies of consumption in early modern Europe fall into two groups. Some have looked at the overall supply of nutritional components to the average consumer in an attempt to trace standards of living. Others have examined the changing demand for particular goods by specific consumers to...
Persistent link: https://www.econbiz.de/10005730392
London clubs provided a means of establishing gentlemanly status and of making useful connections. Their number and membership was large. The paper begins with a quantitative overview of gentlemen’s clubs in London in the late nineteenth century using information contained in contemporary...
Persistent link: https://www.econbiz.de/10005730393