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Anthropometrics: The Intersection of Economics and Human Biology  

John Komlos

Anthropometrics is a research program that explores the extent to which economic processes affect human biological processes using height and weight as markers. This agenda differs from ... More

Bayesian Statistical Economic Evaluation Methods for Health Technology Assessment  

Andrea Gabrio, Gianluca Baio, and Andrea Manca

Online publication date:
Jun 2019
The evidence produced by healthcare economic evaluation studies is a key component of any Health Technology Assessment (HTA) process designed to inform resource allocation decisions in a ... More

The Biological Foundations of Economic Preferences  

Nikolaus Robalino and Arthur Robson

Online publication date:
Aug 2019
Modern economic theory rests on the basic assumption that agents’ choices are guided by preferences. The question of where such preferences might have come from has traditionally been ... More

Contests: Theory and Topics  

Qiang Fu and Zenan Wu

Online publication date:
Jul 2019
Oxford Research Encyclopedia:
Economic Theory and Mathematical Models
Competitive situations resembling contests are ubiquitous in modern economic landscape. In a contest, economic agents expend costly effort to vie for limited prizes, and they are rewarded ... More

The Effects of Monetary Policy Announcements  

Chao Gu, Han Han, and Randall Wright

Online publication date:
May 2019
The effects of news (i.e., information innovations) are studied in dynamic general equilibrium models where liquidity matters. As a leading example, news can be announcements about monetary ... More

Frequency-Domain Approach in High-Dimensional Dynamic Factor Models  

Marco Lippi

Online publication date:
Jul 2018
High-Dimensional Dynamic Factor Models have their origin in macroeconomics, precisely in empirical research on Business Cycles. The central idea, going back to the work of Burns and ... More

General Equilibrium Theory of Land  

Masahisa Fujita

Online publication date:
Jul 2020
Oxford Research Encyclopedia:
Economic Theory and Mathematical Models
Land is everywhere: the substratum of our existence. In addition, land is intimately linked to the dual concept of location in human activity. Together, land and location are essential ... More

Geography, Trade, and Power-Law Phenomena  

Pao-Li Chang and Wen-Tai Hsu

This article reviews interrelated power-law phenomena in geography and trade. Given the empirical evidence on the gravity equation in trade flows across countries and regions, its ... More

Improving on Simple Majority Voting by Alternative Voting Mechanisms  

Jacob K. Goeree, Philippos Louis, and Jingjing Zhang

Majority voting is the predominant mechanism for collective decision making. It is used in a broad range of applications, spanning from national referenda to small group decision making. It ... More

Incentives and Performance of Healthcare Professionals  

Martin Chalkley

Economists have long regarded healthcare as a unique and challenging area of economic activity on account of the specialized knowledge of healthcare professionals (HCPs) and the relatively ... More

The Indeterminacy School in Macroeconomics  

Roger E. A. Farmer

Online publication date:
Apr 2020
The indeterminacy school in macroeconomics exploits the fact that macroeconomic models often display multiple equilibria to understand real-world phenomena. There are two distinct phases in ... More

Machine Learning Econometrics: Bayesian Algorithms and Methods  

Dimitris Korobilis and Davide Pettenuzzo

Online publication date:
Aug 2020
Bayesian inference in economics is primarily perceived as a methodology for cases where the data are short, that is, not informative enough in order to be able to obtain reliable ... More

Preferential Trade Agreements: Recent Theoretical and Empirical Developments  

James Lake and Pravin Krishna

In recent decades, there has been a dramatic proliferation of preferential trade agreements (PTAs) between countries that, while legal, contradict the non-discrimination principle of the ... More

The State of DSGE Modeling  

Paul Levine

Online publication date:
Apr 2020
Oxford Research Encyclopedia:
Economic Theory and Mathematical Models
Dynamic stochastic general equilibrium (DSGE) modeling can be structured around six key criticisms leveled at the approach. The first is fundamental and common to macroeconomics and ... More

Trade Agreements: Theoretical Foundations  

Mostafa Beshkar and Eric Bond

Online publication date:
Jul 2019
International trade agreements have played a significant role in the reduction of trade barriers that has taken place since the end of World War II. One objective of the theoretical ... More

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