Review of periodical literature for 2023: (iii) 1500–1700
Publication status: Published
Integrability and Identification in Multinomial Choice Models
McFadden's random-utility model of multinomial choice has long been the workhorse of applied research. We establish shape-restrictions with respect to price and income which are necessary and sufficient for multinomial choice-probability functions to be rationalized via random-utility models with additive but nonparametric unobserved heterogeneity ...
Mary Wollstonecraft and Political Economy: The Feminist Critique of Commercial Modernity
School Education in Post-18th Amendment Balochistan: A Political Economy Perspective
In the wake of devolution of education to provinces through the 18th Constitutional Amendment, there has been a noticeable increase in public spending on school education. Moreover, certain reforms have been introduced in education planning, management and monitoring. These measures have enhanced availability of physical infrastructure and reading ...
The sources of scale: Large employers in Britain in 1881
The paper assesses the relative weight of different sources of workforce size, using both relative marginal effects and proportion of variance explained for the 545 largest British firms in 1881. Despite data uncertainties, integration is shown as the largest contributor to scale. Integration with mining had even larger effects, raising employment ...
Evolution vs. Creationism in the Classroom: The Lasting Effects of Science Education
Anti-scientific attitudes can impose substantial costs on societies. Can schools be an important agent in mitigating the propagation of such attitudes? This article investigates the effect of the content of science education on anti-scientific attitudes, knowledge, and choices. The analysis exploits staggered reforms that reduce or expand t...
Exploring the Nexus of Technology, Environmental Policy Stringency , and Political Globalization : Pathways to Achieving...
This study examines the effects of technology patents, environmental policy stringency, and political globalization on green energy markets and energy transitions in 18 OECD countries from 1990 to 2022. Two models—one focusing on renewable energy and the other on non-renewable energy—were analyzed using Method of Moments Quantile Regression (MMQR),...
Paving the road to re-election
The prevailing view in the economic literature is that voters are particularly myopic, encouraging governments to leverage short-term re-election strategies. Under such conditions, public capital investment with long-term rewards – despite its central role in the process of sustained economic development – may be neglected. In the context of India’...
VAT pass-through and competition: evidence from the Greek islands
We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we investigate how changes in VAT rates are passed through to consumers in islands with different market structure. We show that pass-through increases with c...
Dynamic pricing with multiple consumers and alternating offers under retailer competition: theory and experiment
We introduce and test a stylized model of dynamic pricing under duopolistic competition. In our model, a consumer receives alternating price offers between two retailers over an indefinite number of periods so that the game or “season” terminates with a fixed probability after each period. The two retailers do not know the valuation of the consumer...
