Now showing items 32-51 of 83 starting with H

    • (Hemi)Continuity of additive preference preorders 

      Gerasimou, Georgios (2015-05) - Journal article
      It is shown that the two common notions of topological continuity for preference preorders, which require closed contour sets and a closed graph respectively, are equivalent even when completeness is not assumed, provided ...
    • Heterogeneous beliefs and instability 

      Lasselle, Laurence; Svizzero, Serge; Tisdell, Clem (School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paper
      While Rational Expectations have dominated the paradigm of expectations formation, they have been more recently challenged on the empirical ground such as, for instance, in the dynamics of the exchange rate. This challenge ...
    • Higher tax for top earners 

      FitzRoy, Felix; Jin, Jim (University of St Andrews, 2017-02) - Working or discussion paper
      The literature can justify increasing and decreasing marginal taxes (IMT & DMT) on top income under different social objectives and income distributions. Even if DMT are optimal, they are often politically infeasible. Then ...
    • Indecisiveness, undesirability and overload revealed through rational choice deferral 

      Gerasimou, Georgios (2018-09) - Journal article
      Three reasons why decision makers may defer choice are indecisiveness between various feasible options, unattractiveness of these options, and choice overload. This paper provides a choice-theoretic explanation for each ...
    • Inequalities in LPG and electricity consumption in India : The role of caste, tribe, and religion 

      Saxena, Vibhor; Bhattacharya, PC (2018-02) - Journal article
      This paper examines the role of caste, tribe, and religion in determining energy inequality in India. We provide evidence by using the National Sample Survey Organisation data from the 68th round (2011–12) of 87,753 ...
    • Information disclosure and asymmetric speed of learning in booms and busts 

      Palazzo, Francesco; Zhang, Min (2017-09) - Journal article
      We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and ...
    • Interest rate rules and welfare in open economies 

      Senay, Ozge (2008-07) - Journal article
      This paper analyses the welfare performance of a set of five alternative interest rate rules in an open economy stochastic dynamic general equilibrium model with nominal rigidities. A rule with a lagged interest rate term, ...
    • The ‘inventor balance’ and the functional specialization in global inventive activities 

      Picci, Lucio; Savorelli, Luca (2018-01) - Journal article
      Inventors and organizational assets are inputs of inventive activities which are often provided at a global scale, where countries might specialize in the provision of one or the other type of inputs. We introduce a new ...
    • Keeping up with the Joneses : who loses out? 

      Ulph, David Tregear (2014-12) - Journal article
      This paper investigates how well-being varies with individual wage rates when individuals care about relative consumption and so there are Veblen effects – Keeping up with the Joneses – leading individuals to over-work. ...
    • Labor market returns to college major specificity 

      Leighton, Margaret; Speer, Jamin (University of St Andrews, 2017-12-21) - Working or discussion paper
      This paper defines and measures college major specificity and estimates its labor market return over a worker’s life cycle. After reviewing other measures which have been used to measure specialization, we propose a novel ...
    • Local currency pricing, foreign monetary shocks and exchange rate policy 

      Senay, Ozge; Sutherland, Alan (2015-09-01) - Journal article
      The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts ...
    • The local environment shapes refugee integration : evidence from post-war Germany 

      Braun, Sebastian Till; Dwenger, Nadja (University of St Andrews, 2018-09-11) - Working or discussion paper
      This paper studies how the local environment in receiving counties affected the economic, social, and political integration of the eight million expellees who arrived in West Germany after World War II. We first document ...
    • Lower tax for minimum wage earners 

      FitzRoy, Felix; Jin, Jim (University of St Andrews, 2017-02) - Working or discussion paper
      We show that minimum wage earners should pay a lower tax than high earners. Though intuitive, this idea is not supported by the existing literature. The optimal maximin tax curve and two-band taxes are usually decreasing. ...
    • Monetary policy and financial stability in the long run : a simple game-theoretic approach 

      Cao, Jin; Chollete, Lorán (2017-02) - Journal article
      Many theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality, central banks play complex, long-horizon games and face more than one tradeoff. We account for these strategic ...
    • Multi-task research and research joint ventures 

      La Manna, Manfredi M A (2013-04) - Journal article
      The paper shows that, whenever the completion of a research project requires the overcoming of more than one research obstacle, then Research Joint Ventures enjoy an intrinsic advantage relative to independent firms. This ...
    • Nominal Stability and Financial Globalization 

      Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (2014-08) - Journal article
      Over the past four decades, there has been a substantial increase in financial globalization, that is, rapid growth in gross external portfolio positions. There has also been a substantial fall in the variability of ...
    • On the microeconomic foundations of linear demand for differentiated products 

      Amir, Rabah; Erickson, Philip; Jin, Jim (2017-05) - Journal article
      This paper provides a thorough exploration of the microeconomic foundations for the multi-variate linear demand function for differentiated products, which is widely used in industrial organization. The setting is the ...
    • On the persistence of output fluctuations in high technology sectors 

      Lasselle, Laurence; Aloi, Marta; McMillan, David G. (School of Economics and Finance, University of St Andrews, 2000) - Working or discussion paper
      Fatás (2000) argues that in a cross-section analysis of countries there exists a positive correlation between long-term growth rates and the persistence of output fluctuations. The current paper extends this line of ...
    • Optimal allocation with ex post verification and limited penalties 

      Mylovanov, Tymofiy; Zapechelnyuk, Andriy (2017-09) - Journal article
      Several agents with privately known social values compete for a prize. The prize is allocated based on the claims of the agents, and the winner is subject to a limited penalty if he makes a false claim. If the number of ...
    • Optimal substantive standards for competition authorities 

      Katsoulacos, Yannis; Metsiou, Eleni; Ulph, David Tregear (2016-09) - Journal article
      Recent years have witnessed a significant resurgence in the debate concerning the optimal substantive standard to be used in the enforcement of competition law. One of the arguments proposed for using a Consumer Surplus ...