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  • ddc:330  (138)
  • 2015-2019  (138)
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  • 1
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    Düsseldorf: Düsseldorf Institute for Competition Economics (DICE)
    Publication Date: 2017-02-11
    Description: We examine the impact of behavioral noise on equilibrium selection in a hawk-dove game with a model that linearly interpolates between the one- and two-population structures in an evolutionary context. Perturbed best response dynamics generates two hypotheses in addition to the bifurcation predicted by standard replicator dynamics. First, when replicator dynamics suggests mixing behavior (close to the one-population model), there will be a bias against hawkish play. Second, polarizing behavior as predicted by replicator dynamics in the vicinity of the two-population model will be less extreme in the presence of behavioral noise. We find both e.ects in our data set.
    Keywords: C62 ; C73 ; C91 ; C92 ; ddc:330 ; evolutionary game theory ; perturbed best response dynamics ; experiment in continuous time ; hawk-dove game
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 2
    Publication Date: 2016-06-23
    Description: Standard one- and two-population models for evolutionary games are the limit cases of a uniparametric family combining intra- and intergroup interactions. Our setup interpolates between both extremes with a coupling parameter k. For the example of the hawk-dove game, we analyze the replicator dynamics of the coupled model. We confirm the existence of a bifurcation in the dynamics of the system and identify three regions for equilibrium selection, one of which does not appear in common one- and two-population models. We also design a continuous-time experiment, exploring the dynamics and the equilibrium selection. The data largely confirm the theory.
    Keywords: C62 ; C73 ; C91 ; C92 ; ddc:330 ; evolutionary game theory ; experiment in continuous time ; hawk-dove game ; replicator dynamics
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 3
    Publication Date: 2019-02-14
    Description: The evolution of the Mexican fisheries policy has occurred in diverse political, economic and social contexts, which have had different connotations, specific to the moment in which they occurred, and always with the aim of achieving an adequate administration and management of this economic activity; for this reason, the present work approaches, at first, the conceptual framework that has the development of a public policy to detonate a sector of the economy; In a second moment, the description of six key historical moments in the construction of the Mexican fishing policy, that allow to understand its present state; and in a third moment, a concentrate of the inputs-outputs of each stage is made, which favor or limit the medium and long-term development of the fishing activity. This shows the situation of a sector with a broadly functional legislative framework, but in terms of implementation has multiple weaknesses and deficiencies so that administrations can maintain the development of the fishing sector in Mexico.
    Keywords: ddc:330
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 4
    Publication Date: 2018-07-03
    Description: Commodity prices are an important driver of fiscal policy and the business cycle in many developing economies. We analyze a dynamic stochastic small-open-economy model of sovereign default, featuring endogenous fiscal policy and stochastic commodity revenues. The model accounts for a positive correlation of commodity revenues with government expenditures and a negative correlation with tax rates. We quantitatively document the extent to which the utilization of different financial hedging instruments by the government contributes to lowering the volatility of different macroeconomic variables and their correlation with commodity revenues. An event analysis illustrates how financial hedging instruments moderate fiscal adjustment in response to significant falls in the price of commodities.
    Keywords: F34 ; F41 ; F44 ; ddc:330 ; commodity revenues ; hedging ; indexed bonds ; fiscal policy ; sovereign default
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 5
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    Ciudad de México: Banco de México
    Publication Date: 2018-07-03
    Description: For over five decades, diffusion indexes have been widely used by statistical and economic agencies as an instrument to summarize the dynamics of a group of disaggregated time-series economic data. In this note we revise the methods for constructing diffusion indexes, propose a novel generalized diffusion index and apply it to the U.S. State Coincident Indexes published by the Federal Reserve Bank of Philadelphia. We show that the proposed index is more informative and conclusive regarding the stage of the aggregate business cycle than the traditional indexes used by some statistical agencies. Moreover, one of the unique properties of the generalized diffusion index is that it allows a consistent reading of the contributions of its constituent units.
    Keywords: C1 ; C5 ; E3 ; ddc:330 ; diffusion indexes ; coincident indexes ; business cycles ; monitoring
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 6
    Publication Date: 2018-07-03
    Description: While typically socioeconomically disadvantaged, Mexican migrants in the United States tend to have better health outcomes than non-Hispanic Whites. This phenomenon is known as the Hispanic Health Paradox. Using data from Mexico and the United States, we examine several health outcomes for non-Hispanic Whites and Mexicans in the United States and in Mexico and employ Blinder-Oaxaca decompositions to help explain the paradox. We find evidence that selectivity is playing a significant role in the relatively healthy status of Mexican migrants in the United States. More importantly, there is evidence that health selectivity is a complex process and its effects typically do not work the same way for different health conditions and across genders. We also find evidence that some of migrants' health advantages are lost as they spend more time in the United States.
    Keywords: I10 ; F22 ; O15 ; ddc:330 ; International Migration ; Mexico ; Selectivity ; Health Paradox
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 7
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    Kiel: Kiel Institute for the World Economy (IfW)
    Publication Date: 2018-11-06
    Description: Using bilateral data on remittance flows to Pakistan for 23 major host countries, this is the first study that examines the effect of transaction costs on foreign remittances. The authors find that the effect of transaction costs on remittance flows is negative and significant; suggesting that a high cost will either refrain migrants from sending money back home or make them remit through informal channels. They also find that remittances are facilitated by the existence of migrant networks and improvements in home and host country financial services. Distance, which has been used in previous studies as an indicator of the cost of remitting, is found to be a poor proxy.
    Keywords: F22 ; F30 ; O11 ; ddc:330 ; remittances ; geographical distance ; transaction cost ; financial services ; Pakistan
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 8
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    Göttingen: University of Göttingen, Center for European, Governance and Economic Development Research (cege)
    Publication Date: 2018-11-20
    Description: In this paper we use panel data models and quantile regressions to test the "weak" and "strong" versions of the Porter hypothesis, using data from 14 OECD countries over the period 1990-2011. A newly-released environmental policy stringency index (EPS) provided by the OECD is used as an indicator of the stringency of environmental regulations in order to tackle endogeneity issues of proxies used in earlier research. The findings indicate that more stringent environmental regulations positively influence R&D expenditure, the number of patent applications and total factor productivity (TFP). The results show that environmental stringency has a positive effect on R&D, mainly for the lower quantiles (0.10, 0.25) of the distribution of R&D, whereas for the number of patent applications and total factor productivity, the effect increases for the highest quantiles (0.75, 0.90) of the distribution of the targeted indicators.
    Keywords: Q43 ; Q48 ; Q53 ; ddc:330 ; environmental regulations ; Porter hypothesis ; OECD ; innovation ; quantile regression
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 9
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    Göttingen: University of Göttingen, Center for European, Governance and Economic Development Research (cege)
    Publication Date: 2018-11-20
    Description: This paper is the first to estimate the effect of two international agreements (Rotterdam Convention, RC, and the Stockholm Convention, SC) in reducing trade in hazardous substances. We estimate the effects of ratification of these agreements on imports of the affected products putting emphasis in the flows from developed countries (OECD) to developing countries (non-OECD) to capture pollution deviation. We use product level data to identify the goods subject to the conventions and the identification strategy relies on the use of difference-in-difference techniques in a panel data framework. We find that when the exporter ratifies the RC and the flow is from OECD to non-OECD countries, a significant reduction of imports in hazardous chemicals is observed after ratification. The magnitude of the effect is a cumulative decrease in imports of about 7 percent. In the case of the SC, the results show significant reductions in trade shipments from OECD to non-OECD countries in persistent organic pollutants for non-OECD importers that have ratified the convention. We observe a reduction of around 16 percent, more than double the effect found for the RC, which was expected due to the different obligations imposed by the respective conventions.
    Keywords: F13 ; F14 ; F18 ; Q53 ; Q56 ; Q58 ; ddc:330 ; hazardous chemicals ; persistent organic pollutants ; environmental agreements ; international trade ; gravity model
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 10
    Publication Date: 2018-11-27
    Description: This paper discusses the transportation challenges that urban areas in Latin America and the Caribbean face and reviews the causal evidence on the impact brought by different urban transport system interventions implemented around the world. The objective is to highlight the main lessons learned and identify knowledge gaps to guide the design and evaluation of future transport investments. The review shows that causal studies have been concentrated in certain areas and that an important number have been carried out in developed countries. Empirical challenges due to the non-random placement of these interventions and their possible effects over the entire transport network might explain the reduced amount of causal evaluations. A large part of the literature has focused on the impact of transport systems on housing values, finding overall increases in prices and rents, but with results highly dependent on the quality and perceived permanency of the system. There are few studies that explore socioeconomic effects, and those available have emphasized employment access. There are almost no studies exploring displacement effects, which should be examined to better understand the social inclusion role of transport systems. New avenues of research are emerging that exploit non-traditional sources of data, such as big data. Moreover, studies looking at ways to improve the operational efficiency of systems and those seeking to promote behavioral changes in transport users.
    Keywords: O18 ; R15 ; R42 ; ddc:330 ; urban transport systems ; Latin America and the Caribbean ; impact evaluation
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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