When the threat is stronger than the execution: trade and welfare under oligopoly

When Model Bias is Stronger than

The Pill is Mightier Than the Sword

One determinant of peace is the role of women in society. Some studies suggest that a young age structure, also known as a “youth bulge” can facilitate conflict. Population growth and age structure are factors amenable to change in a human rights context. We propose that policies which favor voluntary family planning and the education of women can ameliorate the global burden of disease associa...

Bad Is Stronger Than Good

The greater power of bad events over good ones is found in everyday events, major life events (e.g., trauma), close relationship outcomes, social network patterns, interpersonal interactions, and learning processes. Bad emotions, bad parents, and bad feedback have more impact than good ones, and bad information is processed more thoroughly than good. The self is more motivated to avoid bad self...

When are Bytecodes Faster than Direct Execution?

We demonstrate the tradeoffs between interpreting code in compact forms (such as the bytecoded method formats used in Smalltalk and Java), and direct execution of code (as in dynamic-translation Smalltalk and just-in-time Java compilers). Experiments with the interpreted Smalltalk language show that the widely held belief that direct execution is always faster than compact interpretation is not...

Implicit Mercantilism, Oligopoly, and Trade

The authors propose a new model of trade between developing and advanced economies to capture the effects of important asymmetries in the organizations of their industries. This model demonstrates how the industrial structure of a developing economy can evolve to produce what the authors call “implicit mercantilism.” Free entry plus domestic oligopoly in a developing economy, when combined with...