Respondents were prepared to pay a higher price than the market price of a standard helmet. To improve the quality of helmets in Vietnam, it is recommended that the government subsidize a helmet programme in conjunction with other programmes (such as education and strict enforcement policies) in...

A modified projection method for strongly pseudomonotone variational inequalities is considered. Strong convergence and error estimates for the sequences generated by this method are studied in two versions of the method: the stepsizes are chosen arbitrarily from a given fixed closed interval...

This report is the first in a series of four reports that describe the results of accelerated pavement tests on full-scale pavements with “wet†base conditions at the Pavement Research Center, located at the University of California Berkeley Richmond Field Station (RFS). The report...

In 1995, Mexico introduced a credit system based on a price-level-adjusting unit of account called the Unidad de Inversion (UDI), which is Spanish for unit of investment. The Bank of Mexico maintains an UDI Index, which sets the peso value of an UDI on any given day. Loans denominated in UDIs...

Despite its professed emphasis on the real world, the Post Keynesian literature lacks a history of business cycle fluctuations in a particular economy. This is an extremely important oversight. Not only might such a study be useful to researchers, but students are anxious to acquire practical as...

The 1990’s saw considerable amounts invested in new technology only to see the promised returns unrealized. The programs were often well planned, executed, within budget, and the functionality delivered was exactly what was expected. So what went wrong? Although the solutions are installed,...

Finding satisfactory explanations of deviations from uncovered interest rate parity (UIRP) has proved to be a frustrating experience for Neoclassical economists. Studies have focused on the role of risk, but thus far no one has been able to put forward a source thereof that can account for the...

Empirical studies using surveys of exchange rate expectations have become very popular in the literature. The majority have concluded that shortterm currency market activity appears to be inconsistent with the standard neoclassical characterization and that, as a consequence, economists should...

The goal of this paper is to provide a model and method for those wishing to include the Post Keynesian perspective when teaching exchange rate theory. It begins by reviewing neoclassical approaches (purchasing power parity, the monetary model, and the Dornbusch model) and then develops a...

Neoclassical economists have, by their own admission, had a terrible time explaining foreign- currency prices. Not only have they been unable to develop models that explain the past time series of foreign exchange rates with any regularity but their premises lead to conclusions about the...