A Social Accounting Matrix (SAM) is a comprehensive, economy-wide database that contains information about the flow of resources associated with all transactions that have taken place between economic agents in an economy during a given period of time. Its use can extend beyond that of serving...

We analyze the effects of prior gain and loss experiences on individuals’ behavior in two coordination games: battle of the sexes and simultaneous market entry. We propose subjectively transformed games that integrate elements of prospect theory, aggregation of prior and subsequent payoffs,...

We investigate the strategic decision behavior of female entrepreneurs in a realistic market entry experiment where individuals started with gains or losses experienced prior to the game. We compare the entry behavior of female entrepreneurs to the entry behavior of male entrepreneurs and to the...

This paper gives an overview of simulation based procedures, which have proved to be efficient in valuing American options and therefore real options. Many of them integrate sequential stochastic simulations in the backward recursive programming approach to determine the early-exercise frontier....

This report provides a technical description of the development of a set of Social Accounting Matrices (SAMs) for South Africa for the base year 2000. The set of SAMs consists of a national SAM, four regional SAMs and a multiregional SAM. The point of departure is a National Accounting Matrix...

Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static...

Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static...

Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static...

Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static...