Now showing items 635-652 of 652

  • Values, Multiculturalism and Representations 

    Jones, Martin K. (University of Dundee, 2015-01)
    The theory of values is underdeveloped within economics with very few theoretical models explaining how values are created and propagated through a population. Those models that do exist are limited in how well they explain ...
  • Valuing American Derivatives by Least Squares Methods 

    Cerrato, Mario (University of Glasgow, 2008)
    Least Squares estimators are notoriously known to generate sub-optimal exercise decisions when determining the optimal stopping time. The consequence is that the price of the option is underestimated. We show how variance ...
  • Volatility of Housing 

    Gorbachev, Olga; O’Flaherty, Brendan (Scottish Institute for Research in Economics, 2009)
  • Welfare Implications of Public Education Spending Rules 

    Malley, James; Philippopoulos, Apostolis; Konstantinos, Angelopoulos (University of Glasgow, 2008)
    In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities ...
  • What Belongs Where? Variable Selection for Zero-Inflated Count Models with an Application to the Demand for Health Care 

    Jochmann, Markus (University of Strathclyde, 2009)
    This paper develops stochastic search variable selection (SSVS) for zero-inflated count models which are commonly used in health economics. This allows for either model averaging or model selection in situations with many ...
  • What drives urban consumption in mainland china? The role of property price dynamics 

    Chen, Yu-Fu; Funke, Michael; Mehrotra, Aaron (University of DundeeHamburg UniversityBank for International Settlements, 2011)
    This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence ...
  • What is the Causal Effect of Information and Learning about a Public Good on Willingness to Pay? 

    Czajkowski, Mikolaj; Hanley, Nick; LaRiviere, Jacob; Simpson, Katherine (University of Stirling, 2014)
    In this study we elicit agents’ prior information set regarding a public good, exogenously give information treatments to survey respondents and subsequently elicit willingness to pay for the good and posterior information ...
  • When Do We Learn to Cooperate? The Role of Social Learning in Social Dilemmas 

    Best, James A (University of Edinburgh, 2011)
    In this paper, I look at the interaction between social learning and cooperative behavior. I model this using a social dilemma game with publicly observed sequential actions and asymmetric information about pay offs. I ...
  • When is Monetary Policy All we Need? 

    Leith, Campbell; Wren-Lewis, Simon; Eser, Fabian (University of Glasgow, 2009)
    We consider optimal monetary and scal policies in a New Keynesian model of a small open economy with sticky prices and wages. In this benchmark setting monetary policy is all we need - analytical results demonstrate that ...
  • When to Quit Under Uncertainty? A real options approach to smoking cessation 

    Chen, Yu-Fu; Petrie, Dennis (University of Dundee, 2012)
    This paper models the decision to quit smoking like an investment decision where the quitter incurs a sunk withdrawal cost today and forgoes their consumer surplus from cigarettes (invests) and hopes to reap an uncertain ...
  • Where is the economics in spatial econometrics? 

    Corrado, L.; Fingleton, B. (University of Strathclyde, 2011)
    Spatial econometrics has been criticized by some economists because some model specifications have been driven by data-analytic considerations rather than having a firm foundation in economic theory. In particular this ...
  • Which Inequality? The Inequality of Endowments Versus the Inequality of Rewards 

    Hopkins, Ed; Kornienko, Tatiana (University of Edinburgh, 2008)
    Society often allocates valuable resources - such as prestigious positions, salaries, or marriage partners - via tournament-like institutions. In such situations, inequality affects incentives to compete and hence has a ...
  • Who is the fairest of them all? The independent effect of attractive features and self-perceived attractiveness on cooperation among women 

    Munoz-Reyes, J. A.; Pita, M.; Arjona, M.; Sánchez-Pagés, Santiago; Turiegano, E. (University of Edinburgh, 2013)
    The present paper analyzes the extent to which attractiveness-related variables affect cooperative behavior in women. Cooperativeness is evaluated through a Prisoner's Dilemma Game (PDG). We consider several morphometric ...
  • Who Matters in Coordination Problems? 

    Steiner, Jakub; Sákovics, József (University of Edinburgh, 2008)
    We consider a common investment project that is vulnerable to a self-ful lling coordination failure and hence is strategically risky. Based on their private information, agents - who have heterogeneous investment incentives ...
  • Who Ultimately Bears the Burden of Greater Non-Wage Labour costs? 

    Azémar, Céline; Desbordes, Rodolphe (University of GlasgowUniversity of Strathclyde, 2010)
    We investigate the effect of a rise in non-wage labour costs (NWLC) on real anufacturing labour costs in OECD countries, taking into account the degree of coordination in the wage bargaining process. We find that, in ...
  • Why do UK banks securitize? 

    Cerrato, Mario; Choudhry, Moorad; Crosby, John; Olukuru, John (University of GlasgowBrunel University, 2012)
    The eight years from 2000 to 2008 saw a rapid growth in the use of securitization by UK banks. We aim to identify the reasons that contributed to this rapid growth. The time period (2000 to 2010) covered by our study is ...
  • Why is it so Hard to Value Intangibles? Evidence from Investments in High-Technology Start-Ups 

    Reid, Gavin C; Smith, Julia A (University of St AndrewsUniversity of Strathclyde, 2008)
    The paper uses a range of primary-source empirical evidence to address the question: ‘why is it to hard to value intangible assets?’ The setting is venture capital investment in high technology companies. While the investors ...
  • Work Hours, Social Value of Leisure and Globalisation 

    Hansen, Jørgen Drud; Nielsen, Jørgen Ulff-Møller; Molana, Hassan; Montagna, Catia (University of DundeeAarhus University, 2010)
    We examine how openness interacts with the coordination of consumption-leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). ...

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