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The Network Structure of Economic Output
Diversification Ubiquity Capabilities Poverty Trap Economic Complexity Structural Transformation
2012/3/2
Much of the analysis of economic growth has focused on the study of aggregate output. Here, we deviate from this tradition and look instead at the structure of output embodied in the network connectin...
Fiscal Incidence When Both Individual Welfare and Family Structure Matter: The Case of Subsidization of Home -care for the Elderly
home care subsidy fiscal incidence family structure altruism shifting
2014/6/24
Demographic ageing in Western countries has increased the pressure on children of elderly parents to provide care privately as an alternative to more costly institutionalization, and this pressure is ...
Continuous time Ehrenfest process in term structure modelling
ehrenfest model interest rate derivatives short-rate term structure vasicek model zero-couponbond
2010/4/27
In this paper, a finite-state mean-reverting model for the short-rate, based on the continuous time Ehrenfest process, will be examined. Two explicit pricing formulae for zero-coupon bonds will be der...
From Finance to Cosmology: The Copula of Large-Scale Structure
cosmology large-scale structure of universe — galaxies clusters
2010/11/2
Any multivariate distribution can be uniquely decomposed into marginal (1-point) distributions,
and a function called the copula, which contains all of the information on correlations between the dis...