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Understanding Overbidding: Using the Neural Circuitry of Reward to Design Economic Auctions
Neural Circuitry Economic Auctions
2015/9/23
We take advantage of our knowledge of the neural circuitry of reward to investigate a puzzling
economic phenomenon: Why do people overbid in auctions? Using functional magnetic resonance
imaging (fM...
Economic growth requires economic agents to believe that political, social, and economic conditions are such that they can expect a reasonable return from their investments in property and from the ag...
AIDS, \Reversal" of the Demographic Transition and Economic Development: Evidence from Africa
HIV/AIDS Fertility Growth
2015/9/21
Between estimates that exploit cross-sectional variation suggest a
positive signicant eect of HIV/AIDS on fertility, whereas within estimates that are
identied of o time-series variation show bo...
FDI and Economic Growth: The Role of Local Financial Markets
Foreign direct investment capital markets credit markets
2015/9/21
In this paper, we examine the various links among foreign direct investment (FDI), financial
markets, and economic growth. We explore whether countries with better financial systems can
exploit FD...
Does the Mortality Decline Promote Economic Growth?
Malthus Survival Probability Fertility Education Population Growth
2015/9/21
This paper analyzes qualitatively and quantitatively the effects of declining mortality
rates on fertility, education and economic growth. The analysis demonstrates that if
individuals are pru...
Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations
Capital market integration Monetary union
2015/9/21
We show empirically that regions with a more specialized production structure exhibit
output fluctuations that are less correlated with those of other regions (less ‘symmetric’
fluctuati...
In this survey, we attempt
to consider how ˉnancial integration may increase economic welfare with little mentioning
of potentially destabilizing e®ects. Financial crises can result from a rang...
Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations
Economic integration EMU risk sharing
2015/9/21
We show empirically that regions with a more specialized production structure exhibit output °uctuations that are less correlated with those of other regions (less \symmetric" °uctuations). Combined w...
This paper reviews the government role in the legalized gambling sector and
addresses some of the major issues relevant to any normative analysis of what the
government role should be. In particular...
Stimulating Economic Growth through KnowledgeBased Investment
KnowledgeBased Economic Growth
2015/9/21
The Working Paper series of the OECD Directorate for Science, Technology and Industry is designed
to make available to a wider readership selected studies prepared by staff in the Directorate or by ...
Measuring Intangible Capital and Its Contribution to Economic Growth in Europe
Measuring Intangible Capital Economic Growth
2015/9/21
This paper describes the state of the art in the measurement of intangible capital and its
contribution to economic growth, with a focus on an international comparison of intangible
investment int...
INNOVATION, INTANGIBLES AND ECONOMIC GROWTH: TOWARDS A COMPREHENSIVE ACCOUNTING OF THE KNOWLEDGE ECONOMY
INTANGIBLES ECONOMIC GROWTH:
2015/9/21
We live in an era of rapid, almost dizzying, innovation in products and processes. These
innovations have improved consumer welfare through the introduction of new goods and
services, improvements...
Infrastructure Effectiveness as a Determinant of Economic Growth: How Well You Use it May Be More Important than How Much You Have
Economic Growth Infrastructure Effectiveness
2015/9/21
Most contemporary explanations of economic growth assign a prominent
role to capital formation. This includes the huge literate of the sources of
economic growth in the tradition of Solow (1957) and...
Our previous submission in response to the Report and Order and Further Notice of
Proposed Rule Making (FCC 07-72, 27 April 2007) presented economic analysis that supports
Frontline’s proposal tha...
Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...