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Biomass — Greening the Transport Sector
Transport fuels supply around one third of total energy use in the UK, and nearly a quarter of national carbon dioxide emissions. Until recently,...
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Inferring repeated-game strategies from actions: evidence from trust game experiments
Combining a strategy model, an inference procedure and a new experimental design, we map sequences of observed actions in repeated games to...
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Asymmetric Risk Measures and Real Estate Returns
Rational investors distinguish between extremely high and extremely low returns. The measures of investment risk should reflect such asymmetric risk...
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On the Accuracy of Some Past and Present Forecasts
The topic of this paper has been inspired by something of particular interest to Michael Mussa, something to which he made major and important...
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An Inquiry into the Efficiency of Water Projects Under WRDA'86
The aim of this paper is to check whether intergovernmental transfers for water projects accepted in 1986 in the U.S. can be rationalized by a simple...
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Informational Contagion of Sudden Stops in a Global Games Framework
This paper highlights the cross-country spread of self-fulfilling financial crises through an informational channel. It sets up a two-country...
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Labor Economics Mincer-Style: A Personal Reflection
Between 1957 and 1974 Jacob Mincer pioneered important new approaches to labor economics. In the years since these seminal discoveries, he, as well...
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The future (near and far) of regional science
This Presidential Address, delivered on the occasion of the 50th Anniversary of the founding of the Regional Science Association, looks ahead to some...
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Volatility Clustring In Agent Based Market Model
We define and study a rather complex market model, inspired from the Santa Fe artificial market and the Minority Game. Agents have different...
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Entwicklungspolitik
Welche Ziele werden mit Entwicklungshilfe verfolgt? Welche Motive hat der Entwicklungspolitiker? Welches sind die Ursachen für das Scheitern der...
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A short history of the field of regional science
The Regional Science Association was founded 50 years ago in December 1954; however, the institutional origins of the field were much earlier,...
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On the Origins of the Franco-German EMU Controversies
EMU represented an important change in the economic constitution of the European Union. It is, to a large extent, a culmination of a process of...
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Mincer's Overtaking Point and the Life Cycle Earnings Distribution
In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer's seminal work, he as well as his...
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Finding Closest Targets in Non-Oriented DEA Models: The Case of Convex and Non-Convex Technologies
This paper draws attention for the fact that traditional Data Envelopment Analysis (DEA) models do not provide the closest possible targets (or...
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A short history of the field of regional science
The Regional Science Association was founded 50 years ago in December 1954; however, the institutional origins of the field were much earlier,...
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Systems of Regression Equations
The previous chapters dealt with models for univariate financial time series. In many applications, it is desirable to model the joint behavior of...
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A Model of Distributed Markets with Heterogeneous Agents
We consider a model of heterogeneous, inductive rational agents, who interact through an aggregate, collective variable, and act on a finite system...