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This paper establishes an ecotourism model to analyze the role of local residents and government in achieving sustainable development. By incorporating into the model the properties of common-pool resources to which the tourism activities are linked, we prove that ecotourism cannot guarantee...

台灣實質薪資水準從1990年代末期以來，近乎停滯狀態。從經濟發展以及全球化，特別是晚近的大國開放之國際經濟情勢發展的角度來看, 薪資停滯現象，幾乎是所有已開發國家的長期現象,...

A key feature of monopsony is that a single firm pays its workers a wage ( w) less than the marginal revenue product (MRP ). Ever since its creation by Joan Robinson (1933), this feature has been explained as a symbol of the monopsonistic firm exploiting its workers. By using a simple standard...

This paper sheds light on three important issues in the macroeconomics literature, which comes to a better understanding of Taiwan’s wage stagnation. First, we explore the trend of labor income shares, namely the labor income-output ratios, in Taiwan. This enables us to understand the...

We ask what determines the profitability of candlestick patterns. Is it the definition of trend and/or the holding strategy that one uses in candlestick charting analysis? To answer this, we conduct a systematic investigation by considering three definitions of trend and four holding strategies....

Government policies are frequently used throughout the world to promote productivity. While some of the policies are designed to work through technology enhancement, others are meant to exert the influence through effciency improvement. It is therefore important to have a program evaluation...

We consider a new inverse probability weighted estimator for the local average treatment effect parameter where the instrument propensity score is estimated by local polynomial regression. We derive its asymptotics and provide a higher order expansion of its asymptotic MSE.

In this paper we consider a stochastic frontier model in which the distribution of technical inefficiency is truncated normal. In standard notation, technical inefficiency u is distributed as N^+ (μ,σ^2). This distribution is affected by some environmental variables z that may or may not...

We propose a stepwise test, Step-SPA(k), for multiple inequalities testing. This test is analogous to the Step-SPA test of Hsu, Hsu, and Kuan (2010, Journal of Empirical Finance) but has asymptotic control of a generalized familywise error rate: the probability of at least k false rejections....