We develop an agent-based model integrated with a spatial stochastic simulation harmful non-indigenous species (NIS) spread model in which farmers have learning and imitation capabilities. The model is applied to the western corn rootworm (WCR) invasion in the UK. The invasion is never...

Identifying the optimal switching point between different invasive alien species (IAS) management policies is a very complex task and policy makers are in need of modelling tools to assist them. In this paper we develop an optimal control bioeconomic model to estimate the type of optimal policy...

Identifying the optimal switching point between different invasive alien species (IAS) management policies is a very complex task and policy makers are in need of modelling tools to assist them. In this paper we develop an optimal control bioeconomic model to estimate the type of optimal policy...

Tibetan brown bears Ursus arctos pruinosus in the Tibetan Plateau attack and kill livestock and ransack homes for food, causing significant economic costs for local herders. Although a government fund compensates herders for livestock lost to bear attacks in the Tibetan Autonomous Region...

Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with...

Banks in developing economies often face a mismatch in the currency denomination of their liabilities (foreign currency denominated debt) and assets (domestic currency loans to domestic borrowers). We study the effect of this mismatch on business cycles and monetary policy in a sticky-price,...

This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that money demand rises with the liquidity risk of stock markets or the credit risk of corporate bond markets. After controlling for the effect of financial market risk, money demand...