This paper analyses the impact of innovation on productivity in Taiwan. Using a panel of 48,794 firms observed over the 1997–2003 period and distributed across 23 industries, we compute total factor productivity (TFP) by estimating Translog production functions with C, L, E, M inputs. We...

Tartarus is a benchmark problem used to evaluate artificial intelligence techniques for solving problems in the field of non-Markovian agent motion planning. In this paper a fractal gene regulatory network with inputs is evolved to act as a virtual robot controller in the Tartarus environment....

This contribution addresses the fundamental critique in Dinar et al. [1992, Theory and Decision 32] on the use of game theory in river basin management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the...

The causal effect of a treatment on an outcome is generally mediated by several intermediate variables. Estimation of the component of the causal effect of a treatment that is not mediated by an intermediate variable (the direct effect of the treatment) is often relevant to mechanistic...

The paper intends to synthetically present a possible use of bounded rationality and cognitive biases in the evaluation of different core inflation measurements. As a consequence, the paper starts by synthetically presenting the main approaches to computing core inflation. We continue by...

The paper intends to present synthetically the main approaches to computing core inflation, taking into consideration the importance of core inflation for conducting monetary policy. At the same time, the paper computes different measures of core inflation using methods based on excluding...

This paper provides a step-by-step guide to solving dynamic stochastic games using the homotopy method. The homotopy method facilitates exploring the equilibrium correspondence in a systematic fashion; it is especially useful in games that have multiple equilibria. We discuss the theory of the...