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Behavioral Aspects of Price Setting, and Their Policy Implications
Inflation and Deflation Price Policy Laws and Statutes Consumer Behavior Emotions
2015/4/22
This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their con...
Testing Limits to Policy Reversal:Evidence from Indian Privatizations
Political Elections Privatization State Ownership India
2015/4/21
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP was unexpectedly defeated by a less reformist coalition. Stock prices of governmen...
Optimal Aid in Environmental Policy
external effect direct aid social welfare environmental policy
2010/12/7
In this paper, we analyze an environmental policy that is designed to reduce the emission of pollutants when there is uncertainty over the social costs of environmental damage.We first establish a mod...
No.E2000002The Current Deflation in China: Causes and Policy Option
Current Deflation Causes Policy
2007/12/5
The Chinese economy showed the sign of overheating in the spring of 1993. As a countermeasure of overheating, the Chinese government began to implement a retrenchment program in July 1993 and the prog...
Simulation and Use of Heuristics for Peripheral Economic Policy
Agent Computational Economics Simulated Annealing Peripheral Economic Policy
2010/11/1
Recent trends in Agent Computational Economics research,envelop a government agent in the model of the economy, whose decisions are based on learning algorithms.