Search
Now showing items 61-70 of 262
How Much Do We Care About Absolute Versus Relative Income and Consumption?
(2001)
We find, using survey-experimental methods, that most individuals are concerned with
both relative income and relative consumption of particular goods. The degree of
concern varies in the expected direction depending on ...
An Analysis of Subordinated Debt in Banking:The Case of Costly Bankruptcy
(2001)
The paper analyzes the mandatory subordinated debt proposals in banking. It theoretically investigates the role of subordinated debt as a buffer against losses for the deposit insurer, and its role in providing direct and ...
Mad Cows, Terrorism and Junk Food: Should Public Policy Reflect Subjective or Objective Risks?
(2006)
Empirical evidence suggests that people’s risk-perceptions are often systematically biased. This paper develops a simple framework to analyse public policy when this is the case. Expected utility (well-being) is shown to ...
Unbundling Ex-Colonies: A Comment on Acemoglu, Johnson, and Robinson 2001
(2004)
In this comment on AJR (2001), we argue that a bundling of all former colonies into one ‘colonial’ theory of comparative development is problematic for several reasons. During the mercantilist wave of mainly Latin American ...
The open economy excess sensitivity hypothesis: Theory and Swedish evidence
(2003)
This paper extends the theory of open economy consumption behavior by applying
Flavin's (1993) excess sensitivity hypothesis (ESH) to the current account. The ESH
can be interpreted as a generalization of the open economy ...
Technological Opportunities and Growth in the Natural Resource Sector
(2003)
Both technological and natural resource possibilities seem to evolve in cycles. The “Resource
Opportunity Model” in this paper introduces the technological opportunity thinking into natural resource
modeling. The natural ...
Maximum Likelihood Ratio based small-sample tests for random coefficients in linear regression
(2003)
Two small-sample tests for random coefficients in linear regression are derived from
the Maximum Likelihood Ratio. The first test has previously been proposed for testing
equality of fixed effects, but is here shown to ...
Environmental Taxation in Airline Markets
(2000)
Over the last two decades many airline markets have been deregulated, resulting in increased competition and use of different types of networks. At the same time there has been an intense discussion on environmental taxation ...
Using stated preference methods to evaluate the impact of water on health: the case of metropolitan Cairo
(2003)
This paper analysis the impact of better water quality on health improvements using
two stated preference methods: choice experiments and the contingent valuation
method. These methods were administered to a random sample ...
Regulatory Compliance in Lake Victoria Fisheries
(2005)
This paper analyzes the causes for regulatory compliance using traditional deterrence
variables and potential moral and social variables. We use self-reported data from Tanzanian artisanal fishers in Lake Victoria. The ...