This paper examines the direct, first-rounds impact of two types of remittances—internal and external remittances—on income distribution and asset accumulation in rural Pakistan. Using income decomposition techniques on a threeyear panel household data set, the paper finds that internal remittances have a positive effect on equity and that external remittances have a negative effect. The study ...

This paper examines the optimal (first-best) fiscal policy in a stochastic, infinite-horizon representative agent model that exhibits a “keeping up with the Joneses” utility function and imperfectly competitive product markets. We find that the optimal labor tax is a constant, whose sign is determined by the relative strength of consumption externality and monopoly power. Moreover, the optimal ...

Various research efforts would benefit from the ability to exchange and share information (traces with packet payloads, or other detailed system logs) to enable more data-driven research. Protection of the sensitive content is crucial for extensive information sharing. We present results of Kencl and Loebl (2009) [41] and Blamey et al. (in preparation) [4] about a technique of information conce...

Abstract. We address in this paper the problem of filtering three-dimensional sparse data representing real objects. The main application is to eliminate points that are not structured on surfaces. Points classified as organized can be the input for other processes. An accumulation process infers the organization of each input element. The tensorial fields used in our method act as three-dimens...

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In this paper we consider the process of modelling uncertainty. In particular we are concerned with making inferences about some quantity of interest which, at present, has been unobserved. Examples of such a quantity include the probability of ruin of a surplus process, the accumulation of an investment, the level or surplus or deficit in a pension fund and the future volume of new business in...

In the past four decades there has been considerable interest in the e¤ects that uncertainty has on a …rm’s investment decision and the resulted capital accumulation. This chapter surveys consensus, controversies and open questions in the literature under a general dynamic programming framework. We illustrate that the key answers to the e¤ects of uncertainty depend on the forms of adjustment co...

The objective of the work is to model the failure process of a repairable system under ”worse than old”, or harmful repairs, assumption. The proposed model is founded on the counting process probabilistic approach and interprets harmful repairs as the accumulation of failures on the same system. The explicit form of likelihood function is given. Fixed and time-varying covariates are taken into ...

On the basis of the achievements of OMNIBUS project, this paper presents the functionality of theory-aware authoring system and discusses how to accumulate learning/instructional design knowledge as the foundations for theory-awareness. The concept of “WAY” proposed by this study would be helpful for both utilizing and abstracting learning/ instructional design knowledge. Structuralization of W...

Planning by analogical reasoning is a learning method that consists of the storage, retrieval, and replay of planning episodes. Planning performance improves with the accumulation and reuse of a library of planning cases.Retrieval is driven by domain-dependent similarity metrics based on planning goals and scenarios. In complex situations with multiple goals, retrieval may find multiple past pl...