We study the implications of loss aversion for trade policy determination and show how it allows us to explain a number … show that if the coefficient of loss aversion is large enough, there will be an anti-trade bias in trade policy. The anti …-trade bias result. We use a nonlinear regression procedure to estimate the parameters of the model and test its predictions. We …

The importance of small and medium-sized enterprises (SMEs) in the economy should not be overlooked. The main function … of SMEs is to contribute to the economic activities in a country, through the provision of goods and services to the … today than in the past.A firm?s ability to internationalise no longer only depends on the quality of the product, the …

The increasing casualisation of labour forces trade unions globally to deal with a growing number of unprotected and … and further potential of a direct and indirect intervention of the Zambian labour movement towards the informal economy … themselves with Zambia Congress of Trade Unions (ZCTU), thereby strengthening the socio-political representation of the informal …

This doctoral dissertation is composed of three projects and four chapters. Chapter 1 presents the background theories … and models in the field of population genetics that are related to these projects.In Chapter 2, I develop a composite … relaxing the assumption of free recombination. We find that the test has excellent power to detect weak negative selection and …

their single ambiguous choices. These findings are interpreted in the light of findings on repeated decision making under …This is the author's final draft of the paper published as Journal of Economic Psychology, 2009, 30 (3, pp. 277 …In two experiments, decision makers chose between risky and ambiguous gambles under conditions of both single …

heterogeneous, behavior. Understanding behavior in a prospect theory context appears to call for investigation of both the …This paper investigates the dynamics of sequential decision-making in agricultural futures and options markets … risk measures derived from the deltas and vegas of trader’s portfolios, we find nearly half the traders behavior is …

This paper investigates the dynamics of sequential decision-making in agricultural futures andoptions markets using a … under different circumstances, and calls intoquestion the adoption of conditional mean framework to investigate trading … behavior. Focusingthe analysis on the effect of prior profits on the conditional mean of the risk distribution can …

Recent estimates of the intergenerational correlation of income in the United States are centered around 0.6. Existing … empirical work is only able to explain about half of this correlation. The first chapter of this dissertation provides a … behavioral explanation that accounts for almost half of the unexplained correlation. Heterogeneous agents in the model are loss …