We study a stylized theory of the volatility reduction in the U.S. after 1984---the Great Moderation---which attributes part of the stabilization to less volatile shocks and another part to more difficult inference on the part of Bayesian households attempting to learn the latent state of the...

Multiagent systems have been a fascination for research community and are often seen as an intelligent solution to many complex real world problems. Researchers have been active in the domain since last three decades and many developments pertaining to theoretical design and practical...

Purpose: In developed and developing countries, organizations need to do sustainability reporting. The purpose of this paper is to identify the vital linkages of sustainability, which helps to capture the existing waste management practice in sustainable organizations....

Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household consumption insurance with respect to permanent income shocks of 36%. In replicating findings for their model and data, we find that this estimate is distorted by a code error and...