This paper develops a new framework for measuring prices and quantities of commercial properties. In particular, it addresses problems associated with obtaining separate estimates for the land and structure components of a property. A key contribution is to address the problem of estimating...

Spanish Abstract: En el presente artículo se analiza si la propagación de un rumor referido a las acciones en un mercado influye o no en el comportamiento de los agentes al momento de tomar decisiones de inversión, y si este se correlaciona con la formación de burbujas. Para efectos de esta...

This paper investigates whether there is a relationship between progressivity of personal income taxation and output growth. Additionally a relation between progressivity of personal income taxation and volatility of output growth is examined. There is a gap in the existing literature examining...

This paper proposes a predictive maintenance policy using modified failure mode effect and criticality analysis (Mod-FMECA) technique. FMECA is used to identify failure modes, reasons, effects and criticality of the system (machine/plant) but in Mod-FMECA in addition to the analysis carried for...

It is worldwide held that there are many reasons causing shadow economy. It is also well known that shadow economy affects many sectors of the economy and it is difficult to be restricted without side-effects. The contribution of the present article is the introduction of a new shadow economy...

For an arbitrage-free market with a single underlying asset, we investigate conditions under which the consecutive price levels are comonotonic. Furthermore, for an arbitrage-free market with n assets we investigate the consequences of assuming comonotonicity of the vector containing the price...

This paper provides cross-sectional evidence of convenient prices -- prices that simplify and expedite transactions and thereby reduce the time costs from physically making a transaction. I propose that firms may wish to set convenient prices for items that: (1) are typically purchased with...

In this paper, we describe a novel iterative procedure called SISTA to learn the underlying cost in optimal transport problems. SISTA is a hybrid between two classical methods, coordinate descent ("S"-inkhorn) and proximal gradient descent ("ISTA"). It alternates between a phase of exact...

In this paper, we recognize that reigning econometric paradigms, do not provide a basis for understanding the complex economic behavioral processes and systems. To acknowledge this void, we borrow some of the key fundamental concepts of entropy methods, and non equilibrium physical systems...