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As one phase of a serial study on how East Asian Buddhists interpreted and practiced the Vinaya rule concerning music, this article aims to provide a brief overview of four renowned reciters and chanters depicted in the Buddhist law texts preserved in Sanskrit, PÄli, Chinese, and Tibetan.
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Replicating the degree of cross-country comovements of macroeconomic aggregates, dynamics of prices and quantities of international trade, and the behavior of consumption and labor remains an important challenge in international business cycle literature. This paper incorporates preference...
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We present a theory of consumer choice that combines elements of limited recall and of allocationof attention distorted by salience. The theory helps clarify and organize a variety of evidence dealingwith consumer reaction to information, including surprises in quality and prices, unshrouding...
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Facing risk, people take precautions by insuring themselves through both formal and informal insurance channels. But are private savings merely an inferior, dominated alterna- tive to formal insurance schemes, or are the two options mutual substitutes? To answer this question, we exploit that a...
Persistent link: https://www.econbiz.de/10011276359
We argue that in pharmaceutical markets, variation in the arrival time of consumer heterogeneity creates differences between a producer's ability to extract consumer surplus with preventives and treatments, potentially distorting R&D decisions. If consumers vary only in disease risk, revenue...
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We study cross-country insurance for members of a currency union using an open economy model with nominal price and wage rigidities. We provide two results that build the case for the creation of a fiscal union within a currency union. First, we show that, if financial markets are incomplete,...
Persistent link: https://www.econbiz.de/10011276362
Neural circuits for behavior transform sensory inputs into motor outputs in patterns with strategic value. Determining how neurons along a sensorimotor circuit contribute to this transformation is central to understanding behavior. To do this, a quantitative framework to describe behavioral...
Persistent link: https://www.econbiz.de/10011276363