No abstract is available for this item.doi:10.1016/0022-0531(91)90059-DDutta, P.KUniversity of Rochester - Center for Economic Research (RCER)Journal of Economic TheoryP. K. Dutta, "What do discounted optima converge to? A theory of discount rate asymptotics in economic models," in Journal...
Since 2014, China’s photovoltaic poverty alleviation projects (PPAPs) have developed rapidly with the strong support of the Chinese government. Nevertheless, empirical evidence on the contribution of PPAPs in improving the livelihoods of poor rural families is lacking. In order to overcome this knowle...
Cooperation is vital for the survival of many species and has been extensively researched at the ultimate level however, there is a considerable degree of variation within a given species in the extent of cooperative behaviours exhibited. Possible factors that have been discussed to contribute to thi...
What is an economy of scale? What is its relationship to efficiency? a. What is the relationship between the principle of diminishing marginal productivity of labor and increasing marginal cost? In your explanation define each. b. What is...
Algorithms create new norms of good or bad, define what is normal and acceptable. Thus, Amoore argues that rather than asking from algorithms an impossible transparency, one should engage with their opacity. To “oppose the violence in the algorithmic foreclosure of alternative futures”, she ...
(4) Discount rate of 3.5 % per annum for costs and outcomes (5) Cost per QALY below the NICE threshold value (£20,000–30,000 per QALY). The last point assesses if the intervention(s) analysed would be considered cost effective in the UK context 3 Results 3.1 Results of the Re...
The ECRI WLI will decline in Q1 to and then below 124, resulting in a renewed and “unexpected” deceleration of the WLI growth rate back below zero, prompting ECRI to caution that the US economy is vulnerable later in ’11. The price of oil above $80 will absorb all or more of the...
The expansionary fiscal policy in macroeconomics is termed as the government policy that tends to raise the level of output and GDP of a nation. There are mainly two tools of expansionary fiscal policy- a rise in government spending and a ...
Having said that, the unit profit margin is likely to be lower (due to a quantity discount) when selling products to merchants rather than individuals. Such a situation is becoming more common in the retail industry due to the growth of daily deals platforms, where merchants who have taken ...
Another mechanism, complementary to the first, is trades initiated not by an issuing institution but by private investors. Suppose for example the price of Tether rises above the pegged rate of 1 USD. Private investors can deposit Tether with the Tether Treasury, receive 1 USD for each in ...