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The notion of habiter (inhabiting in both a transitive and intransitive sense), developed in the course of the second half of the 20th century, made it possible to place the human individual in the center of spatial theories. Of phenomenological inspiratio ...
How does an economy behave if (1) fundamentals are truly hump-shaped, exhibiting momentum in the short run and partial mean reversion in the long run, and (2) agents do not know that fundamentals are hump-shaped and base their beliefs on parsimonious model ...
Is the human brain wired for wealth? The setting is the high-velocity financial environment. Undoubtedly, the development of sophisticated derivative instruments has improved the allocation of risk across economies, highlighting the nexus between banking a ...
This paper presents an approach to study droplet activation kinetics from measurements of CCN activity by the Continuous Flow Streamwise Thermal Gradient CCN Chamber (CFSTGC) and a comprehensive model of the instrument and droplet growth. The model, which ...
This paper analyzes housing market boom-bust cycles driven by changes in households' expectations. We explore the role of expectations on productivity and other shocks originating from the housing market, the credit market and the conduct of monetary polic ...
A large body of empirical evidence suggests that beliefs systematically deviate from perfect rationality. Much of the evidence implies that economic agents tend to form forecasts that are excessively influenced by recent changes. We present a parsimonious ...
Todays complex online applications often require the interaction of multiple services that potentially belong to different business entities. Interoperability is a core element of such an environment, yet not a straightforward one. In this paper, we argue ...
We study optimal fiscal policy in a monetary union where monetary policy is decided by an independent central bank. We consider a two-country model with trade in goods and assets, augmented with sticky prices, labor income taxes and stochastic government c ...
Transfers would play a key role in the implementation of Nationally Appropriate Mitigation Actions (NAMAs) in developing countries. In this paper, we analyze the desirable features of such transfers - i.e., individually rational, budget-balanced, anti-ince ...
Reputation-based trust models using statistical learning have been intensively studied for distributed systems where peers behave maliciously. However practical applications of such models in environments with both malicious and rational behaviors are stil ...
