... Mill (1874): “[Political economy] is concerned with him [a human] solely as a being who desires to possess wealth, and who is capable of judging the comparative efficacy of means for obt[r] ...
... This is rooted in the findings in Kageyama (2012) , which empirically showed that the relationships between LEGAP and these happiness indicators are bidirectional. In one direction, LEGAP negatively affects both HPN and ...
... The rationale for this finding comes from behavioral ecology studies that, in pre-modern hu- man population, social standing affects lifetime reproductive success through reproduction, which depends on both fertility and ...
... The survey asks consumers about adoption and use of eight payment instruments: cash, checks, debit cards, credit cards, prepaid cards, online banking bill-payment, bank account deduction[r] ...
... This paper also contributes to the empirical literature on the effect of financial con- straints on firm investment (e.g., Fazzari et al. (1988) ; Hoshi et al. (1991) ; Kaplan and Zin- gales (1997) ). Empirical papers on ...
... • We have assumed that there is only one hedge fund style. What might change if we consider multiple hedge fund styles in the model industry? If the manager’s talent also involves an aptitude for one style over ...
... are expected profit maximizers who will exercise their market power in a unilateral, noncooperative fashion, we can then estimate the willingness-to-pay/demand that rationalizes the observed bid. 3 Model of Bidding Our ...
... “participate,” and make the preference dependent on the number of “participants,” which is the externalities we consider. To the best of our knowledge, Sasaki and Toda (1996) and Hafalir (2008) are the only papers that ...
... III.B. Search Costs/Information Frictions An additional (but not mutually exclusive from product dif- ferentiation) possible explanation for the observed price disper- sion is the influence of search/information ...
... In particular, we will cover the basic methodology of structural estimation - production function estimation, estimation of static entry/exit models, single-agent dynamic models, and dyn[r] ...
... http://www.stat.go.jp/data/roudou/longtime/03roudou.htm) 2.2 (2 points). Use the INTERNET to find monthly unemployment rate from January 1973 to March 2010. Draw a graph of the unemployment rate (use seasonally ad- ...