Since the NOAA (National Oceanic and Atmospheric Administration) panel (1993) on Contingent Valuation (CV), it has been accepted that Willingness to Pay (WTP) data should ideally be collected using only face-to-face interviews and not self-completion surveys. However, there has been little...

Lyapunov exponents may be used to provide information on attractors of nonlinear models and, if strange, their aperiodic dynamics, in much the same way as eigenvalues of a linear model. An advantage of calculating these from an estimated model, rather than calculating the largest ones from a...

The model that is specified and estimated in this study describes the dynamic behavior of major economic aggregates in the economy of the United Kingdom. In the real sector of the model, the markets for output and labor services are linked by a production function that both constrains the...

This paper studies the role played by ICT in affecting the efficiency of business services (BS) industry, using a structural disequilibrium model of the Italian economy. The Italian BS sector presents a peculiar dynamics (compared to other EU countries) in that, after initially improving its...

The dynamics of economic behaviour is often developed in theory as a continuous time system. Rigorous estimation and testing of such systems, and the analysis of some aspects of their properties, is of particular importance in distinguishing between competing hypotheses and the resulting models....