Now showing items 536-555 of 652

  • A Salience Theory of Choice Errors 

    Manzini, Paola; Mariotti, Marco (University of St Andrews, 2010)
    We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is ...
  • Saving and Re-building Lives: an Analysis of the Determinants of Disaster Relief 

    Ulph, David; Selvaretnam, Geethanjali; Thampanishvong, Kannika (University of St AndrewsThailand Development Research Institute, 2012)
    We analyse both theoretically and empirically, the factors that influence the amount of humanitarian aid which countries receive when they are struck by natural disasters. Our investigation particularly distinguishes between ...
  • Scotland: A New Fiscal Settlement 

    Hughes Hallett, Andrew; Scott, Drew (University of St AndrewsUniversity of Edinburgh, 2010)
    Executive Summary Many commentators have criticised the strategy currently used to finance the Scottish Parliament – both the block grant system, and the small degree of fiscal autonomy devised in the Calman report and ...
  • Second-Order Approximation to the Rotemberg Model around a Distorted Steady State 

    Damjanovic, Tatiana; Nolan, Charles (University of St Andrews, 2010)
    Less is known about social welfare objectives when it is costly to change prices, as in Rotemberg (1982), compared with Calvo-type models. We derive a quadratic approximate welfare function around a distorted steady state ...
  • Seigniorage-maximizing inflation 

    Damjanovic, Tatiana; Nolan, Charles (University of St Andrews, 2008)
    What is the seigniorage-maximizing level of inflation? Four models formulae for the seigniorage maximizing inflation rate (SMIR) are compared. Two sticky-price models arrive at very different quantitative recommendatio ...
  • Self-Confidence, Overconfidence and Prenatal Testosterone Exposure: Evidence from the Lab 

    Dalton, Patricio S.; Ghosal, Sayantan (University of Glasgow, 2014-02-09)
    This paper examines whether the degree of confidence and overconfidence in one's ability is determined biologically. In articular, we study whether foetal testosterone exposure correlates with an incentive-compatible measure ...
  • Self-Fulfilling Price Cycles 

    Moore, John; Best, James A (University of EdinburghUniversity of Chicago, 2013)
    This paper presents a model of a self-fulfilling price cycle in an asset market. Price oscillates deterministically even though the underlying environment is stationary. The mechanism that we uncover is driven by ...
  • Separating Myth from Probability: the Origins and Evolution of QWERTY 

    Kay, Neil M (University of Strathclyde, 2012)
    We use basic probability theory and simple replicable electronic search experiments to evaluate some reported “myths” surrounding the origins and evolution of the QWERTY standard. The resulting evidence is strongly supportive ...
  • Sharp Bounds on Heterogeneous Individual Treatment Responses 

    Lee, Jinhyun (University of St Andrews, 2013)
    This paper discusses how to identify individual-specific causal effects of an ordered discrete endogenous variable. The counterfactual heterogeneous causal information is recovered by identifying the partial differences ...
  • Shocks, Monetary Policy and Institutions: Explaining Unemployment Persistence in Persistence in “Europe” and the United States 

    Rannenberg, Ansgar (University of St Andrews, 2009)
    This paper examines the rise in European unemployment since the 1970s by introducing endogenous growth into an otherwise standard New Keynesian model with capital accumulation and unemployment. We subject the model to an ...
  • The Short and Long Term Prospects for Activity in the UK Continental Shelf: the 2011 Perspective 

    Kemp, Alexander G; Stephen, Linda (University of Aberdeen, 2011)
  • Short-Run Strategies For Attracting Foreign Direct Investment 

    Azémar, Céline; Desbordes, Rodolphe (University of GlasgowUniversity of Strathclyde, 2009)
    This paper empirically investigates the effectiveness and feasibility of two FDI policies, fiscal incentives and deregulation, aimed at improving the attractiveness of a country in the short run. Using disaggregated data ...
  • Short-Run Strategies For Attracting Foreign Direct Investment 

    Azémar, Céline; Desbordes, Rodolphe (University of Strathclyde, 2010)
    This paper empirically investigates the effectiveness and feasibility of two FDI policies, fiscal incentives and deregulation, aimed at improving the attractiveness of a country in the short run. Using disaggregated data ...
  • The Signalling Channel of Central Bank Interventions: Modelling the Yen/US Dollar Exchange Rate 

    Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole (University of Dundee, 2011)
    This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the ...
  • The Signalling Channel of Central Bank Interventions: Modelling the Yen/US Dollar Exchange Rate 

    Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole (University of DundeeHamburg University, 2012)
    This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the ...
  • The Significance of Identifying Industrial clusters The Case of Scotland 

    Munyoro, Gerald; Dewhurst, John (University of Dundee, 2010)
    Industrial clustering policy is now an integral part of economic development planning in most advanced economies. However, there have been concerns in some quarters over the ability of an industrial cluster-based development ...
  • A Simple Characterization of Dynamic Completeness in Continuous Time 

    Diasakos, Theodoros M (University of St Andrews, 2013)
    This paper investigates dynamic completeness of financial markets in which the underlying risk process is a multi-dimensional Brownian motion and the risky securities dividends geometric Brownian motions. A sufficient ...
  • Simulating Wages and House Prices Using the NEG 

    Fingleton, Bernard (University of Strathclyde, 2009)
    The paper incorporates house prices within an NEG framework leading to the spatial distributions of wages, prices and income. The model assumes that all expenditure goes to firms under a monopolistic competition market ...
  • Slowing Down 

    Chen, Yu-Fu; Zoega, Gylfi (University of Dundee, 2012-04)
    We extend the efficiency wage model of Shapiro and Stiglitz to account for the observation that workers’ effort has a tendency to fall when they approach the end of their employment contract. In particular, we find that ...
  • Social capital formation across space: proximity and trust in European regions 

    Fazio, Giorgio; Lavecchia, Luciano (University of GlasgowUniversità degli Studi di Palermo Banca d’Italia, 2012)
    An extensive economics and regional science literature has discussed the importance of social capital for economic growth and development. Yet, what social capital is and how it is formed are elusive issues, which require ...

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