This paper analyses the implications of basic tests for lotteries on the probability weighting function w(p). We first show that the three standard tests for lottery choices imply that the w(p) function has a S-shape (first concave then convex) but is not regressive. For the pricing of lotteries...

The joint behavior of investment and the current account is derived as a triangular simultaneous equations model. To estimate this model for the G7 countries, we propose a full-information GLS estimator for panel data that extends Zellner-Theil three-stage least squares estimator and allows for...

The objective of this study is to forecast the future trade patterns and to identify the determinants of exports of textile and clothing. We included top 18 leading exporting countries and zones from the textile and clothing sector. Those countries cover more than 70 percent of global exports...