This study reviews the literature on modeling of Rational Expectations Equilibriums (REE) with respect to pragmatism of inferences. Regardless of evidence for feasibility or existence of REE, none of studies which assume either of Bayesian updating of information, and/or Borel (Quantitative)...

This study develops a new formal theoretical rubric for ranking of proxies for institutional factors that, conceptually, have taxonomy of either of facilitators of, or constraints on economic development. Illustrative implementations of the formal theoretical rubric reveal that spending on each...

The formal theoretical model in this study enables segmentation of countries with respect to three factors, namely, the extent to which income inequality is adopted as a policy variable; the extent to which there is focus on generation of either of `incremental', or `disruptive' innovations; and...

The formal theoretical model in this study provides general equilibrium evidence that a country's ranking with respect to either of income inequality (αr), or GDP Per Capita (Gr) each are better statistics for a country's `placement' in the cross-section of countries than either of actual...

This study provides formal theoretical evidence that, in of itself, and subsequent to the first day of trading, applications of the Gordon Growth Model to pricing of publicly traded equity incorporate informational `noise' and/or `shading of information' that, theoretically, are unbounded....

In this paper, I find that excess demand for external financing in poor quality legal environments is particular to early stage or low collateral value ventures. However, excess demand for external financing from early stage non-technology intensive ventures is greater relative to that from...

Studies of monetary efficiency have focused principally on output, inflation, unemployment and interest rates as sources of monetary efficiency. This study demonstrates trade balances outperform output, inflation, and unemployment rates as sources of monetary efficiency within domestic...

This study provides formal theoretical evidence that in presence of leverage, share prices cannot be characterized to be robust proxies for product price premiums that are outcomes of firms' corporate reputations. The formal theoretical model predicts proxies for each of corporate reputation,...

Suppose IPO underpricing increases with underwriters' reputation. This study demonstrates higher underpricing is compatible with higher credibility of underwriting by reputable underwriters. Consistent with stated inference, increase in valuation uncertainty risk, and severity of adverse...

Suppose entrepreneurs within venture capital markets accept 'lower than reservation prices' from reputable venture capitalists (VCs). This study shows negative relations between project prices and VCs' reputation ('reputation price discounts') are best explained by presence of an ability measure...