In this paper we argue that valuable information can be conveyed by looking at data coming from the training rounds of experimental auctions. As a case study, we use data from an experiment that seeks to elaborate on the mediating role of mood states on projection bias. Following a mood...

Economic Growth is only a result indicator: the result of how a society combines savings with the available manpower. The real indicator of economic health is whether such economic growth is combined with an increase in households' net worth.

As per the conventional wisdom there should be provision for public assistance for skills acquirement for improving relative wage inequality in the future. This paper attempts to explore the validity of this traditional perception with the help of a two-sector, specific factor general...

The Taylor hypothesis is the conjecture that the 2007-2009 financial crisis and the 2008-present downturn have been caused by loose monetary policy during 2002-2006. According to the Taylor hypothesis the Fed deviated from well-know rules of monetary policy-making over this period, and this...

Abstract In the 1980s, fifty years after the Great Depression industrial countries came again to be haunted with the spectre of mass unemployment. The unemployment situation, into the 1990s, continues to be dire in several European Union countries. Double digit unemployment rates are currently...

Defining culture in relation to organizational culture has also focused on the operation level of culture. This latter as discussed by Maurice Thévenet (1993) concludes that culture is a collective phenomenon that concerns an enterprise as a human organization. By this collective point of...

Livestock is an integral part of rural economy in Bihar and fodder is a critical input for livestock development. Data shows that there exist a huge gap between demand and supply of fodder (both dry as well as green). Most part of the south Bihar comprising of agro climatic zones, IIIA and IIIB...

This paper analyzes multifactor models in the presence of a large number of potential observable risk factors and unobservable common and group-specific pervasive factors. We show how relevant observable factors can be found from a large given set and how to determine the number of common and...

The main objective of this paper is to highlight the determinants of informal sector activity with a special focus on informal self-employment opposed to informal wage employment. For this purpose we build a theoretical framework to show the important role of education in occupational choice. To...

The purpose of this paper is to provide a new set of tools for policy makers at central banks. Based on the Garman-Kohlhagen formula for currency options, this research extends it with the Taylor-rule expression used for inflation targeting, thus obtaining the corresponding Call and Put options...