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Strategic Manipulation of Pollution Permit Markets: An Experimental Approach

Brown-Kruse, Jamie; Elliott, Steven R.; Godby, Rob - 1995

"In this paper we employ experimental economic methods to examine the effect of market structure on the use of marketable emissions permits. In particular, we ask whether firms can strategically manipulate a product market using marketable emissions permits. Subjects participate in two markets,...

Persistent link: https://www.econbiz.de/10009468442

Institutions for Facilitating Cooperation: Evidence from Economics Experiments on Public Goods, Common-Pool Resources and Team Production Environments

Walker, James M. - 2003

examine propositions related to static equilibrium theory, dynamic learning models, and individual choice theory. Economic …

Persistent link: https://www.econbiz.de/10009468447

The Dynamics of Continuing Conflict

Reuveny, Rafael; Maxwell, John W. - 2000

"There is a relatively small but growing literature in economics that examines conflictive activities using a framework in which agents allocate their resource endowments between wealth production and appropriation. To date, studies in this literature have employed a similar one period game...

Persistent link: https://www.econbiz.de/10009468454

It Works in Practice. Does It Work in Theory?

Moir, Robert - 1998

"In 1968, Hardin argued that all commonly-owned resources would tragically be depleted unless private ownership was granted. There are many case studies which prove Hardin wrong. Common-pool resources have been managed with success. However, this success does not imply (as some believe) that...

Persistent link: https://www.econbiz.de/10009468460

Anticipating Vulnerability to Climate Change in Dryland Pastoral Systems: Using Dynamic Systems Models for the Kalahari

Dougill, Andrew J.; Fraser, Evan D.G.; Reed, Mark - 2010

buffer the system. We use 'causal loop diagrams' and statistical dynamic system models to express key quantitative …

Persistent link: https://www.econbiz.de/10009468468

Assessing the Performance of Natural Resource Systems

Campbell, Bruce; Sayer, Jeffrey A.; Frost, Peter; … - 2002

"Assessing the performance of management is central to natural resource management, in terms of improving the efficiency of interventions in an adaptive-learning cycle. This is not simple, given that such systems generally have multiple scales of interaction and response; high frequency of...

Persistent link: https://www.econbiz.de/10009468486

Fast ML estimation for the mixture of factor analyzers via an ECM algorithm

Zhao, JH; Yu, PLH - 2008

In this brief, we propose a fast expectation conditional maximization (ECM) algorithm for maximum-likelihood (ML) estimation of mixtures of factor analyzers (MFA). Unlike the existing expectation-maximization (EM) algorithms such as the EM in Ghahramani and Hinton, 1996, and the alternating ECM...

Persistent link: https://www.econbiz.de/10009471509

Reading the Recent Monetary History of the United States, 1959-2007

Rubio-Ramirez, Juan F. - 2010

In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of this estimation to examine the recent monetary...

Persistent link: https://www.econbiz.de/10009475410

A Global View of Economic Growth

Verspagen, Bart - 2009

This paper provides an interpretation of the global pattern of economic growth in the period following 1950. It uses a model in which growth in an individual country depends on a number of different so-called common trends that are representative of the global economy. Although such trends are...

Persistent link: https://www.econbiz.de/10009475786

Vartotojų kainų indekso prognozavimas

Žižiūnaitė, Birutė - 2009

paper was introduction of ARMA models. These model's modifications such a AR, MA, ARIMA and their appropriateness for … forecast were surveyed theoretically. In the second part of the Master paper all the analysed forecast models were practically … applied. The bigger attitude was given to ARIMA model use. Therewith models' modifications' ARIMA (1, 0, 0) and ARIMA (1, 0, 1 …

Persistent link: https://www.econbiz.de/10009478261