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The empirical literature on the environmental Kuznets curve (EKC) purports to describe how a nation’s environmental quality will evolve if it makes the transition from poverty to wealth. The popular generalization is that pollution will first increase and then, if income becomes...
Persistent link: https://www.econbiz.de/10011131662
The ‘time’ is most precious, important resource but uncontrollable. Hence, one has to use the time effectively to succeed. Attitudes and values are the foundation of every country’s culture, and are the building blocks for developing business culture. The time consciousness is very...
Persistent link: https://www.econbiz.de/10011108116
We consider a kind of Collision Branching Processes with Immigration (CBIP). Some important properties of the generating functions for the CBI q-matrix were first investigated in detail. Then for any given CBI q-matrix, the existence and uniqueness of CBIP is proved, and sufficient and easily...
Persistent link: https://www.econbiz.de/10011039998
In this paper, we build on Ryan and Wales (1998), Moschini (1999), and Serletis and Shahmoradi (2007) and impose curvature conditions locally on the quadratic Almost Ideal Demand System (AIDS) model of Banks et al. (1997), an extension of the simple AIDS model of Deaton and Muellbauer (1980)...
Persistent link: https://www.econbiz.de/10011041758
Although nonlinearity is the rule in economic theory, nonlinearity tends to make life difficult for econometricians. While there have been many advances in nonlinear econometrics in recent years, some problems produced by nonlinearity remain 'skeletons in the closet' in empirical economic...
Persistent link: https://www.econbiz.de/10005556393
choice by a sequence of binary comparisons. The model offers an intuitive explanation for violations of regularity such as …
Persistent link: https://www.econbiz.de/10005627830
regularity. We identify a restriction on the domain of the stochastic choice correspondence, under which contraction consistency …
Persistent link: https://www.econbiz.de/10005465036
In this paper, we build on Ryan and Wales (1998) and Moschini (1999) and impose curvature conditions locally on the generalized Leontief model, introduced by Diewert (1974). In doing so, we exploit the Hessian matrix of second order derivatives of the reciprocal indirect utility function, unlike...
Persistent link: https://www.econbiz.de/10005119194
. But regularity requires satisfaction of both curvature and monotonicity conditions. Without both satisfied, the second … curvature may induce violations of monotonicity that otherwise would not have occurred. We explore the regularity properties of …
Persistent link: https://www.econbiz.de/10010568025
regularity for dynamic stochastic games and exploit a simple connection between normal form and dynamic stochastic games. …
Persistent link: https://www.econbiz.de/10008562484