This paper develops a new method for incorporating uncertainty within a computable general equilibrium (CGE) model. The method involves incorporating uncertainty into the model by formulating different states of the world or paths that the economy may take. The risk then is that on one or more...

This paper is a preliminary attempt to map the changing tastes for works of art as manifested in the prices of paintings sold at auction. There are two main goals in this work: first, to describe a space in which we can represent the work of different artists; and second, to describe how...

This paper analyzes the effects of standards on U.K. trade performance. The results suggest that U.K. strength in standards improves the U.K. trade balance but can also act to make the U.K. market more open. The results also contradict two common views of the effects of standards: first, that...

This paper presents a method of identifying asymmetric competitor networks between different products using data on the price and characteristics of these different products. The technique is applied to data on the spreadsheet software market and it suggests that asymmetric competitor linkages...