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Heat, Greed and Human Need
Climate Change, Capitalism and Sustainable Wellbeing
Watch Professor Ian Gough present his new book which aims to build an essential bridge between climate change and social policy: Download slides from the launch event here This book buil...Read more...
1 November 2017
Identification and Nonparametric Estimation of a Transformed Additively Separable Model
David T. Jacho-Chávez, Arthur Lewbel and Oliver Linton
Let r (x, z) be a function that, along with its derivatives, can be consistently estimated nonparametrically. This paper discusses identification and consistent estimation of the unknown functions H, M, G and F, where r ...Read more...
Rafael Hortala-Vallve and Miguel Sanchez
We analyze the contracting structure in a moral hazard setting with several agents where output is produced jointly and is the only contractible variable. Since the salary of each agent is a function of all agents effort...Read more...
Nonparametric Estimation of Homothetic and Homothetically Separable Functions
Arthur Lewbel and Oliver Linton
For vectors x and w, let r(x,w) be a function that can be nonparametrically estimated consistently and asymptotically normally. We provide consistent, asymptotically normal estimators for the functions g and h, where r(x...Read more...
Why Labour Hoarding may be Rational: A model of firm behaviour during transition
Ceema Zahra Namazie
In the Former Soviet Union, the early 1990s were characterized by large falls in GDP and small changes to already low unemployment. The slow adjustment to unemployment was a result of employers using various means to mai...Read more...
Early Evidence of Welfare Changes in the Kyrgyz Republic: Have Things Got Worse with Reforms?
Ceema Zahra Namazie
The early 1990s saw the rapid introduction of policies that were to reform the centrally planned economies in CEE and FSU. These policies were expected to lead to improvements in welfare. Studies on the transition projec...Read more...
Japanese Studies Programme Paper
The Role of Japan in the International Economy: A Private View
In earlier times economists used to view the world in terms of dual economic models. For Marx the Asiatic mode of production(1) was the concept which was the counterpart of the Western feudalism from which the capitalist...Read more...