In a unique study Harbaugh, Krause and Vesterlund (2002), reported the interesting result that children exhibit different probability weighting to adults. In particular, children underweighted small probabilities. An objective of this paper is to re-examine this issue employing children...

A Response Surface-Based Wind Farm Cost (RS-WFC) model is developed for the engineering planning of wind farms. The RS-WFC model is developed using Extended Radial Basis Functions (E-RBF) for onshore wind farms in the U.S. This model is then used to explore the influences of different design and...

Deceptive counterfeits differ from non-deceptive ones in that they are packaged and sold as authentic brand name products so that consumers may buy counterfeits unknowingly. When a distribution channel, referred to as the general channel, has been penetrated with deceptive counterfeits, a brand...

Many social networks, apart from displaying scale-free characteristics observed in some instances, possess another remarkable feature that distinguishes them from those that appear in biological and technological context—assortativity. However, little or no attention has been payed to the...

Objectives To measure the economic burden of cerebral palsy (CP) in China is to provide information on CP's societal impacts to policy-makers.Methods The economic burden of CP includes direct healthcare costs, direct non-healthcare costs, developmental costs and indirect costs such as...

This paper analyzes intergenerational earnings mobility in a model where human capital is produced using schooling and parental time. In steady -states more mobile societies have less inequality, but in the short-run higher mobility may result from an increase in inequality. Starting from the...

In previous studies, taxing income or consumption hinders long-run growth. Incorporating saving and leisure into the non-scale Schumpeterian model of Howitt (1999), we show that the usual growth effects of taxing consumption and labor income do not exist.

This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics. Tax revenue is required to provide a pure public good. The key problems are: over-consumption of leisure under labor income or consumption taxes; and under-investments in...