The Rise, Fall and Renaissance of the Resort: A Simple Economic Model

2010 ◽  
Vol 16 (1) ◽  
pp. 45-62 ◽  
Author(s):  
G.M. Peter Swann
Keyword(s):  
Economic Model ◽  
Simple Economic

A Simple Economic Model with Interactions

2020 ◽  
Author(s):  
Maxim Gusev ◽  
Dimitri Kroujiline
Keyword(s):  
Economic Model ◽  
Simple Economic

scholarly journals Education and Energy Intensity: Simple Economic Modelling and Preliminary Empirical Results

2018 ◽  
Vol 10 (8) ◽  
pp. 2625 ◽  
Author(s):  
Tiago Sequeira ◽  
Marcelo Santos
Keyword(s):  
Gross Domestic Product ◽  
Economic Model ◽  
Energy Use ◽  
Energy Intensity ◽  
The Other ◽  
Economic Modelling ◽  
Empirical Application ◽  
Primary Schooling ◽  
Simple Economic

The ratio of energy use to Gross Domestic Product (defined as energy intensity) is a major determinant of environmental hazard and an indicator of eco-efficiency. This paper explains why education can have an effect in reducing the energy intensity thus affecting eco-efficiency. We devise a stylized economic model with simple and widely accepted assumptions that highlights the role of education in decreasing energy intensity worldwide. In an empirical application that is robust to the features of the data, we show that primary schooling contributes to a decrease in energy intensity which has a very significant effect, even accounting for the other well-known determinants of energy intensity. Additionally, when schooling is taken into account, income is no longer a negative determinant of energy intensity.

scholarly journals Identifying Sources of Inefficiency in Healthcare*

2020 ◽  
Vol 135 (2) ◽  
pp. 785-843 ◽  
Author(s):  
Amitabh Chandra ◽  
Douglas O Staiger
Keyword(s):  
Comparative Advantage ◽  
Economic Model ◽  
Heart Attack ◽  
Alternative Interpretation ◽  
Substantial Variation ◽  
Treatment Use ◽  
Simple Economic ◽  
Allocative Inefficiency ◽  
Empirical Framework

Abstract In medicine, the reasons for variation in treatment rates across hospitals serving similar patients are not well understood. Some interpret this variation as unwarranted and push standardization of care as a way of reducing allocative inefficiency. An alternative interpretation is that hospitals with greater expertise in a treatment use it more because of their comparative advantage, suggesting that standardization is misguided. A simple economic model provides an empirical framework to separate these explanations. Estimating this model with data for heart attack patients, we find evidence of substantial variation across hospitals in allocative inefficiency and comparative advantage, with most hospitals overusing treatment in part because of incorrect beliefs about their comparative advantage. A stylized welfare calculation suggests that eliminating allocative inefficiency would increase the total benefits from the treatment that we study by 44%.

The Curious Case for Media Monopoly in Technology-Driven Sports

2015 ◽  
Vol 155 (1) ◽  
pp. 140-148 ◽  
Author(s):  
Jason Potts ◽  
Stuart Thomas
Keyword(s):  
Technological Change ◽  
Positive Feedback ◽  
Economic Model ◽  
Surprising Result ◽  
Sports Media ◽  
Simple Economic

This article examines the effect of technological change (innovation) on sports. We argue that innovation affects a sport through two pathways: sports equipment and sports media. We propose a simple economic model with positive feedback, which predicts that technology-enhanced sports will dominate the sports ecology. There is also the opposite phenomenon of technological overshooting that causes the elite end of a sport to develop much faster than the beginner's end, damaging entry into the sport. We present this model through a case study on windsurfing, illustrating the role of sports media. A surprising result is that the case study suggests a welfare-maximising case for monopoly licensing of sports media in newly emerging sports, or sports with rapidly changing equipment technologies.

scholarly journals TAIL BEHAVIOR OF STOPPED LÉVY PROCESSES WITH MARKOV MODULATION

2021 ◽  
pp. 1-28
Author(s):  
Brendan K. Beare ◽  
Won-Ki Seo ◽  
Alexis Akira Toda
Keyword(s):  
Economic Model ◽  
Absolute Risk ◽  
Tail Behavior ◽  
Tail Probabilities ◽  
Absolute Risk Aversion ◽  
Distribution Of Wealth ◽  
State Dependent ◽  
Markov Modulated ◽  
Constant Absolute Risk Aversion ◽  
Simple Economic

This article concerns the tail probabilities of a light-tailed Markov-modulated Lévy process stopped at a state-dependent Poisson rate. The tails are shown to decay exponentially at rates given by the unique positive and negative roots of the spectral abscissa of a certain matrix-valued function. We illustrate the use of our results with an application to the stationary distribution of wealth in a simple economic model in which agents with constant absolute risk aversion are subject to random mortality and income fluctuation.

scholarly journals Antibody Tests: They Are More Important Than We Thought

2021 ◽  
Author(s):  
Luís Guimarães
Keyword(s):  
Economic Model ◽  
Social Activity ◽  
Health State ◽  
Antibody Testing ◽  
Pharmaceutical Intervention ◽  
Welfare Losses ◽  
State Uncertainty ◽  
Increased Activity ◽  
Antibody Tests ◽  
Simple Economic

AbstractAntibody testing is a non-pharmaceutical intervention – not recognized so far in the literature – to prevent COVID-19 contagion. I show this in a simple economic model of an epidemic in which agents choose social activity under health state uncertainty. In the model, susceptible and asymptomatic agents are more socially active when they think they might be immune. And this increased activity escalates infections, deaths, and welfare losses. Antibody testing, however, prevents this escalation by revealing that those agents are not immune. Through this mechanism, I find that antibody testing prevents about 12% of COVID-19 related deaths within 12 months.

A Simple Economic Model For The Selection Of The Optimum Method of Leakage Control

1988 ◽  
Vol 13 (2) ◽  
pp. 92-97 ◽  
Author(s):  
A. Valerio Di Michele ◽  
Harry J. Giles ◽  
Wanchai Ghooprasert
Keyword(s):  
Economic Model ◽  
Leakage Control ◽  
Simple Economic ◽  
Selection Of

Theorising free capital mobility: the perspective of developing countries

2011 ◽  
Vol 37 (5) ◽  
pp. 2519-2534 ◽  
Author(s):  
LI SHENG
Keyword(s):  
Developing Countries ◽  
Capital Markets ◽  
Economic Model ◽  
Capital Mobility ◽  
Developed Countries ◽  
Developed Country ◽  
Strategic Bargaining ◽  
First Mover Advantage ◽  
Simple Economic ◽  
First Mover

AbstractUsing a simple economic model, this article illustrates the greatly diverging interests and preferences of developed and developing countries with regards to capital mobility. Theoretically, developed countries' gain from free capital mobility likely comes at the expense of risk and loss for developing countries due to the latter's financial vulnerability. It is also found that it does not pay for a developed country to push its developing counterparts into prematurely liberalising their capital markets because this type of impatience reduces the developed country's own first-mover advantage in strategic bargaining for capital mobility benefits.

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