Econ - Science topic

This paper studies electoral competition between two non-ideological parties when voters are free to trade votes for money. We find that allowing for vote trading has significant policy consequences, even if trade does not actually take place in equilibrium. In particular, the parties’ equilibrium platforms are found to converge (hence, there is no...

With the growing nature of the ecological footprint, research studies focus on exploring new determinants of environmental degradation. Moreover, the role of natural resources and energy consumption in environmental quality has gained much attention in the literature. However, tourism raises the demand for energy consumption and extraction of natur...

We study the evolution of preferences in multi-population settings that allow matches across distinct populations. Each individual has subjective preferences over potential outcomes, and chooses a best response based on his preferences and the information about the opponents’ preferences. Individuals’ realized fitnesses are given by material payoff...

Plant-based food consumption in wealthy countries is rising due to its sustainability and lower environmental impact (1, 2, 3, 4). Whereas effects on musculoskeletal protein anabolism do not currently seem a shortcoming of plant proteins (5, 6), meat-mimicking foods may have lower taste perception scores (7), possibly compromising diet adherence. H...

We construct a small open economy model to analyze the effects of a money-financed fiscal stimulus compared with a conventional debt-financed fiscal stimulus in a liquidity trap. By developing a closed economy model, Gali (J Monet Econ 115:1–19, 2020) highlights the effectiveness of an increase in government expenditure in the debt-financed fiscal...

The purpose of this research is to examine the effect of inside directors sitting on finance and investment committees on US Real Estate Investment Trusts (REITs) performance. The study is based on a sample of 60 US equity REITs of which 31 are the REITs listed on the S&P 500 and 29 are a random sample of non-S&P 500 REITs for the 2010–2019 period....

In this in-depth analysis, we summarise and explain the directions that the ECB has in mind for the digital euro, based onthe ECB’s progress reports and statements. Thissubstantially revisedanalysis reflects now also the fourth progress report and selected elements of the Commission’s proposals of 28 June 2023. We also highlight further questions...

We study a model in which a single object is to be allocated among a set of agents whose valuations are interdependent. We define signal-ranking mechanisms and show that if the signal-ranking allocation rule satisfies a combinatorial condition and the valuation functions are additively separable, there exist budget-balanced and ex-post incentive co...

El presente dictamen se emite por el Ingeniero Industrial Ricardo Granados García, Ingeniero Industrial, colegiado No 2977 en el correspondiente colegio de Cataluña, a petición de ABT Ingeniería y Consultoría Medioambiental, SA (Grupo TRADEBE), en relación con el funcionamiento de la unidad para el tratamiento de residuos con hidrocarburos por deso...

The article analyzes the strategic approach to industrial development in Russia. The author studied the regulatory environment, i.e., strategies, programs, and projects, that affects economic sectors and sets the vector of industrial development. A detailed analysis of these strategies, programs, and projects revealed a number of significant shortc...

Hedonic games are a prominent model of coalition formation, in which each agent’s utility only depends on the coalition she resides. The subclass of hedonic games that models the formation of general partnerships (Larson 2018), where all affiliates receive the same utility, is referred to as hedonic games with common ranking property (HGCRP). Aside...

We provide a parsimonious model of leadership in social dilemma situations and test it with a meta-analysis of experimental studies. We focus on studies with treatments that allow for sequential contributions to a public good [as in Güth et al. (J Public Econ 91:1023–1042, 2007)]. The group members observe the contribution of a leader before contri...

We extend to multiple private commodities the seminal model by Bergstrom et al. (J Public Econ 29:25–49, 1986) on the private provision of public goods. Considering the relative value of the aggregate donations, we define a notion of equilibrium and show its existence. We analyze the effects of resource redistributions on the equilibrium outcome, i...

In the paper “The best Condorcet‑compatible election method: Ranked Pairs” (Munger in Const Polit Econ 2023. https://doi.org/10.1007/s10602-022-09382-w), the author identifies Tideman's ranked pairs method as the best single-winner voting method, while the Schulze method (Schulze in Soc Choice Welf 36(2):267–303, 2011; The Schulze method of voting,...

In this paper, we analyze whether the textual complexity of tax bills affects financial markets. Based on the Flesch-Kincaid grade level of the 32 tax bills identified by Romer (Am Econ Rev 100(3):763–801, 2010)in the period 1962–2003, we assess the relationship between tax bills’ textual complexity and financial markets in various windows around t...

Considering the proposed strict new constraints of public authorities, decarbonization has become a key trend in recent years. Although several countries have started the process of decarbonization through the introduction of electric vehicles in their public services, for many countries, especially developing countries, transportation is still a h...

Khanna A, Goyal RS, Bhawsar R. Menstrual practices and reproductive problems Study of adolescent girls in Rajasthan. J Health Manag. 2005;7(1):91–107. Ersoy B, et al. Effects of different socioeconomic conditions on Menarche in Female Turkish Students. Early Hum Dev. 2004;76(2):115–25. Dongre AR, Deshmukh PR, Garg BS. The effect of community-based...

We consider the set-up of a Japanese–English auction with exogenously fixed discrete bid levels for a specific game (the wallet game with two bidders, following Gonçalves and Ray in Econ Lett 159:177–179, 2017). We show that in this auction, partition equilibria exist that may be separating or pooling. We illustrate separating and pooling equilibri...

Industrial robots play a crucial role in enhancing productivity but their impact on the environment has produced debates. Some researchers have focused on the relation between industrial robots and energy efficiency (or environmental performance), such as Huang et al. (Energy Econ 107:105837, 2022) and Luan et al. (Sustain Prod Consum 30:870–888, 2...

This paper employs a quantile vector autoregressive approach to compare the extent of connectedness between macroeconomic uncertainty and U.S. real activity in normal and extreme economic and financial conditions. Based on a database ranging from January 1960 to February 2023 and using the methodology of Jurado et al. (Am Econ Rev 105(3):1177–1216,...

Resource allocation and pricing techniques in cloud computing is a challenging task for every researcher. Everyone try to find out a good solutions of resource allocation and pricing in a dynamic way. Every user give their demands for taking the cloud resources for a particular time period. If the request is not fulfilled within the time period the...

We propose a notion of core for school choice (i.e., priority-based allocation) problems. We say that a coalition of students is able to enforce a subassignment among them if, given their priorities at schools, other students together cannot exclude any student in the coalition from her assigned school. An assignment is in the core if no coalition...

The paper studies the interaction between a set of bank performance indicators (concentration, profitability, and risk) and the carbon footprint of bank loans. Our research builds on the panel data analysis for 37 countries during 2010–2018, adopting local projections proposed by Jordá (Am Econ Rev 95(1):161–182, 2005), a feasible alternative to pa...

In many respects, one could argue that COVID-19 has opened up an opportunity to test the resilient nature of higher education (HE) systems and higher education institutions (HEIs) around the world, at a time when the sector experiences profound structural changes resulting from major societal transformations such as urbanization, digitalization, de...

The objective of this work is to provide an analysis of the impact of the microeconomic and macroeconomic environment of Lufthansa Airlines and sets out the performance of the organization in relation to its main competitors from 2006 until 2019.The airline industry represents an oligopoly market with high barriers to entry and consists of large co...

We extend Stiglitz (J Public Econ, 17, 213–240,1982) to a dynamic and stochastic optimal taxation model, while assessing the effects of exogenous wage regulations. We show that when wage regulations are imposed, consumption inequality rises more than when they are removed. The results lead to an important policy implication that in the face of exog...

In their seminal paper, Kakwani and Lambert (Eur J Polit Econ 14:369–380, 1998) state three Axioms an equitable tax system should respect. By proposing a measurement system based on re-ranking indexes of taxes, tax rates and post-tax incomes, they show how to evaluate the negative influences that Axiom violations exert on the redistributive effect...

In 2019 the pandemic Covid-19 caused sharp decline on Indonesian economy, yet in 2021 the economic condition started to recover, indicated by 7% increase in Gross Domestic Product and Consumer Confidence Index. One sector influenced by strong economic recovery is property industry, furthermore government gave stimulus to boost property industry gro...

We investigate the determinants of the severity of U.S. state-level lockdown regulations adopted during the COVID-19 pandemic. We employ a new measure of Lockdown Regulatory Freedom from Miozzi and Powell (Am J Econ Sociol, 2023b. https://doi.org/10.1111/ajes.12512) to investigate whether pre-pandemic measures of economic freedom, political variabl...

In this paper, we deal with the problem of European vulnerable option pricing under the mixed fractional Brownian motion with stochastic corporate liabilities and jumps. Assume that the dynamics of all assets including the underlying asset, the counterparty’s assets and corporate liabilities are given by three interrelated jump-diffusion processes....

In this paper, we present a refreshed version of the original model proposed by Gabszewicz and Vial (J Econ Theory 4:381–400, 1972) and we use their main example to review the main theoretical issues related to the notion of Cournot-Walras equilibrium. We compute, in the Gabszewicz and Vial main example, two different Cournot-Walras equilibria asso...

The measurement of economic growth is important for identifying the development patterns followed by different economies. In the light of sustainable development goals, one needs to be able to track the green growth, i.e., they must the adjusted in regard to generation of undesirable outputs that are usually non-marketed. This contribution puts for...

In this note, we point out a missing assumption for ‘Michael Heinrich Baumann, Beating the market? A mathematical puzzle for market efficiency, Decis Econ Finance 45: 279–325, 2022.’ In detail, we have to assume the (almost sure) survival of the controllers. Further, we discuss this assumption concerning relevance for theory and implementations and...

This paper studies pillage games (Jordan in J Econ Theory 131.1:26-44, 2006, "Pillage and property"), which are well suited to modelling unstruc-tured power contests. To enable empirical test of pillage games' predictions , it relaxes a symmetry assumption that agents' intrinsic contributions to a coalition's power is identical. In the three-agent...

The objective of this work is to provide an analysis of the impact of the microeconomic and macroeconomic environment of Lufthansa Airlines and sets out the performance of the organization in relation to its main competitors from 2006 until 2019. The airlines industry represents an oligopoly market with high barriers to enter and consists of large...

Alternatives to antibiotics for preventing bacteria-induced inflammation in early-weaned farm animals are sorely needed. Our previous study showed that Lactiplantibacillus plantarum L47 and inulin could alleviate dextran sulfate sodium (DSS)-induced colitis in mice. To explore the protective effects of L. plantarum L47 and inulin on the ileal infla...

Nigeria is a monolithic economy; with a greater chunk of her foreign exchange earnings traceable to oil. These foreign earnings have contributed little or nothing in stabilizing the volatility of the naira against the dollar in recent times bec ause of systemic corruption, importation of virtually everything, stashing of naira / foreign currencies...

Citation: Pilařová T., Muench S., Bavorová M., Huml J. (2023): Exploring the motivations behind food self-provisioning in the Czech Republic. Agric. Econ.-Czech, 69: 234-245. Abstract: Gardening and food self-provisioning motivations are changing with the country's economic development. While food security is often the main driver for self-provisio...

Arellano (J Econ 42:247–265, 1989a) showed that valid equality restrictions on covariance matrices could result in efficiency losses for Gaussian PMLEs in simultaneous equations models. We revisit his two-equation example using finite normal mixtures PMLEs instead, which are also consistent for mean and variance parameters regardless of the true di...

Citation: Hitka M., Ližbetinová L. (2023): Human potential of talents in agriculture and forestry in context of Agriculture 4.0. Agric. Econ.-Czech. Abstract: Agriculture 4.0 creates a challenge for agricultural and forest enterprises in the form of changes in the processes and strategies set up to now. The ability for flexibility, personal develop...

The combination of artist-curated scans, and deep implicit functions (IF), is enabling the creation of detailed, clothed, 3D humans from images. However, existing methods are far from perfect. IF-based methods recover free-form geometry but produce disembodied limbs or degenerate shapes for unseen poses or clothes. To increase robustness for these...

Heribert Illig, Das erfundene Mittelalter. Die größte Zeitfälschung der Geschichte, Düsseldorf (Econ) 1996. 431 S., mehrere Abb. und Karten.

This paper studies continuous-time optimal contracting in a hierarchy, generalising the model of Sung (Math. Financ. Econ. 9:195–213, 2015). More precisely, in this hierarchical model, the principal (she) can contract with a manager (he) to incentivise him to act in her best interest, despite only observing the net benefits of the total hierarchy....

The expenditure method of Pissarides and Weber (J Public Econ 39(1):17–32, 1989) shows how one backs out measure of income underreporting by the self-employed by using food consumption as trace of true income. In this paper we make a case for using panel data and fixed effects estimation in such analysis, instead of OLS estimation. The main argumen...

Purpose Non-White workers face more frequent, severe, and disabling occupational and non-occupational injuries and illnesses when compared to White workers. It is unclear whether the return-to-work (RTW) process following injury or illness differs according to race or ethnicity. Objective To determine racial and ethnic differences in the RTW proce...

Artificial Intelligence (AI) has become increasingly popular globally as a crucial tool for auditing financial statements, but in Nigeria, the adoption and use of AI tools by auditors is still in its early stages. Attention has been primarily focused on the Big 4 accounting firms, with little attention given to small-scale audit practitioners in Ni...

This paper presents a numerical investigation regarding the possibility of using electrically conductive concrete (ECON) combined with concrete-encased electrode (CEE) technology to develop new substation grounding systems (SGSs) called ECON-EE as a replacement for conventional copper or galvanized steel grounding grids. In the first step, the vali...

The complexity of contemporary urbanization and its interactions with technological solutions, social contexts, ecological ambitions, and economic activities highlight cities' role in medium-long-term development plans [1], [2]. Today, there is a need to evaluate cities` and urban areas' readiness and their transformation from static environments t...

This study considers the problem of random assignment of a set of objects to a set of agents based on strict ordinal preferences of the agents. We analyze the fractional Boston rule, which is a generalization of the classical Boston rule to random assignment environments. We introduce two new axioms—stochastic dominance (sd)-rank-efficiency and equ...

Scholars have given enormous attention to the roles of energy use and trade in economic growth strategies; however, recent international trade literature suggests that not merely the volume of trade but the diversification of goods may have a potential effect on economic growth. Thus, this paper uses the diversification of export goods and diversif...

Oil and natural consumption are non-renewable energy sources that are the main drivers of economic growth, but these energy sources are also the main causes of environmental degradation in Northeast Asian countries. The main objective of this study is to examine the impact of renewable energy consumption, non-renewable energy consumption on CO2 emi...

Increasing agricultural productivity is a policy priority in many countries. O'Donnell ( Am. J. Agric. Econ. 94(4): 873–890, 2012) decomposed productivity change in US agriculture using a Lowe total factor productivity (TFP) index. We replicate the original study, assess its robustness to alternative TFP indices, and extend the analysis to EU agric...

We address the problem of monopoly in general equilibrium in a mixed version of a monopolistic two-commodity exchange economy where the monopolist, represented as an atom, is endowed with one commodity and “small traders,” represented by an atomless part, are endowed only with the other. First we provide an economic theoretical foundation of the mo...

This article describes the processing and accessibility of the person and establishment fixed wage effects in German administrative data. These effects have been estimated following the approach of Abowd, J., Kramarz, F., and Margolis, D. (1999. High wage workers and high wage firms. Econometrica 67: 251–333) and Card, D., Heining, J., and Kline, P...

The aim of this study is to investigate the role of information and communication technology (ICT) and human capital development on environmental degradation (CO2) using the Environmental Kuznets Curve (EKC) framework in line with the 21st Conference of the Parties to the UNFCCC (COP21). Five South Asian countries namely: Bangladesh, India, Nepal,...

The Russia-Ukraine conflict has created caused great "uncertainty" and has challenged many assumptions about the existence of the nation and bilateral relations. It has given rise to geopolitical tensions influencing international trade. Given the significant contribution of petroleum-based Original Research Article Joshi et al.; Asian J. Econ. Bus...

In this in-depth analysis, we summarise and explain the directions that the ECB has in mind for the digital euro, based on the ECB’s progress reports and statements. We also highlight further questions that have so far received less explicit consideration, but may deserve the legislators’ attention when the European Commission presents a proposal...

The main economic challenge is rising aggregate demand, which leaves the economy short on resources and leads to expanding fiscal and external account deficits. The current study uses autoregressive distributed lag (ARDL) model to evaluate the twin deficit hypothesis in the context of Pakistan in an effort to find an answer to this question. The st...

It is demonstrated herein that a slight expansion of the utility function in the duopolistic Hotelling game enables any symmetric location pair with respect to the center to be in equilibrium, which implies that any level of locational differentiation between the minimum Hotelling (Econ. J.39:41–57, 1929) and maximum D’Aspremont (Econom. 47:1145–11...

Scholars have paid close attention to developing several theories and models for the internationalization of small and medium-sized enterprises. These theories and models explain the firm strategic directions and gradual process of international expansion. This theoretical literature review aims to comprehensively examine the wide array of literatu...

Private investment in public equity (PIPE) under Regulation D has played an increasingly important role in capital formation for U.S. listed firms. We study the role of earnings management around PIPE transactions and the relative use of real versus accrual-based earnings management. It is unclear whether the documented earnings management strategi...

Evidence games study situations where a sender persuades a receiver by selectively disclosing hard evidence about an unknown state of the world. Evidence games often have multiple equilibria. Hart et al. (Am Econ Rev 107:690-713, 2017) propose to focus on truth-leaning equilibria, i.e., perfect Bayesian equilibria where the sender discloses truthfu...

This paper studies an infinite horizon oligopoly model in markets with network effects and segmented demands. In each period, three firms make compatibility decisions before competing in prices for a newly arrived consumer. The firm that made a sale in the last period provides a better product quality in terms of an installed base consumer, which c...

This article presents a bibliographic review of the gravitational model in international trade from when it was first associated with Newton's law of universal gravitation. Firstly, I will introduce the concept of gravity in commerce as originally intended by Isard (Q J Econ 68(2):305–320, 1954) in relation to Tinbergen and Tobler’s approaches. Sec...

Purpose: This paper aimed to examine the impacts of non-economic factors including: Social Norms, Tax Education, Coercive Power of Tax Authority, Legitimate Power of Tax Authority, Tax Information, Service Quality of Tax Authority, and Quality - Public Governance on the voluntary tax compliance of businesses in Ho Chi Minh City, Vietnam. Theoretic...

The coexistence of fiat money (cash) and digital monies constitutes a system of parallel currencies as media of exchange. This paper asks whether a new (digital) currency is essential: Does a new currency allow for a better resource allocation even if a fully accepted currency is in circulation and remains in circulation? Using the dual currency se...

Existing literature studies the effects of common enemy on network formation given that communication between agents is perfect. In this note, I introduce two assumptions concerning imperfect communication-small decay and simplified endogeneity of link strength-to the model of network formation with common enemy effect as in Hoyer and Haller (J Eco...

We study algorithmic Bayesian persuasion problems in which the principal (a.k.a. the sender) has to persuade multiple agents (a.k.a. receivers) by using public communication channels. Specifically, our model follows the multi-receiver model with no inter-agent externalities introduced by Arieli and Babichenko (J Econ Theory 182:185–217, 2019). It i...

Fair division has been studied in both continuous and discrete contexts. One strand of the continuous literature seeks to award each agent with a single connected piece—a subinterval. The analogue for the discrete case corresponds to the fair division of a graph , where allocations must be contiguous so that each bundle of vertices is required to i...

This article empirically validates a theoretical model from Kiss (B.E. J Econ Anal Policy 17:1–10, 2017) that addresses the transmission channels through which increases in peer achievement levels may affect other students’ achievement. In his model, a higher share of better students has two effects: first, weaker students benefit from skill extern...

While socio-economic gradients in newborn health are well established (Currie, Am. Econ. Rev. 101(3), 1–22, 2011), understanding what produces these inequalities, and in particular the unique contribution of inter-connected mechanisms, remains difficult to estimate. We adapt decomposition methods proposed by Rothe (J. Bus. Econ. Stat. 33(3), 323–33...

In this paper, we provide an alternative trend (time)-dependent risk measure to Ruttiens’ accrued returns variability (Ruttiens in Comput Econ 41:407–424, 2013). We propose to adjust the calculation procedure to achieve an alternative risk measure. Our modification eliminates static mean component and it is based on the deviation of squared dispers...

This study aims to determine whether ESG funds can be used as an effective tool for environmental sustainability. ESG funds, which first appeared in the 2000s and were exported by environmentally friendly companies, are among the most effective tools for increasing firm value and managing environmental degradation. The causality relationship betwee...

We have launched a new Special issue in the "Economics" journal (https://www.degruyter.com/journal/key/econ/html), IF=1.103, SSCI, ABDC-B, SCOPUS. entitle: "Shapes of Performance Evaluation in Economics and Management Decision: Theory, Models, and Applications" +++++++++++++++++++++ HOW TO SUBMIT ++++++++++++++++++++++ Authors are kindly invited...

In 2016, the city of Shanghai increased the minimum down payment rate requirement for purchasing various types of properties. We study the treatment effect of this major policy change on Shanghai’s housing market by employing panel data from March 2009 to December 2021. Since the observed data are either in the form of no treatment or under the tre...

Inspired by a paper by Teseletso and Adachi (Miner Econ 8(10):21, 2021), the hypothesis regarding the declining grade of mined copper ore and its possible use as a guide to the future of ultimate recoverable resources (URRs) is tested. As a time axis, cumulative production is taken. Grades can be either grade of cumulative tonnage or annual product...

This paper examines the optimal monopoly regulation without transfer based on Basso, Figueroa and Vásquez (Rand J Econ 48(3):557–578, 2017), which compare the quantity-based and price-based instruments to regulate a monopoly that has better information concerning its market demand than the regulator. The optimal screening mechanisms, which offer mu...

The existence of core solutions for general cooperative games (Game Econ Behav 4:145–160, 1992) is extended to the case with discontinuous and non-quasiconcave payoffs. The analysis shows that the core of a discontinuous general cooperative game is homeomorphic to a KKMS-related region of a simplex. Each discontinuous general cooperative game has a...

Since the appearance of the seminal paper of Frankel and Romer (Am Econ Rev 89(3): 379–399, 1999), ‘Does trade cause growth?’, the impact of aggregate trade openness on income has been controversial. This research shows that the type of product that is traded has first-order effects, while overall trade intensity has second-order effects on per cap...