Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies The standard assumption in economic theory is that preferences are stable. In particular, they are not changed as a result of experience with the good/service/event. Behavioral scientists have challenged this assumption and claimed (providing evidence) that preferences are constantly changing when experience i...

priorities for sustainable economic development. In Re-establishing agriculture as a priority for development policy in Sub-Saharan Africa, ed. A. Recent developments in the livestock sector in China and changes in the live-stock/feed relations. A draft background paper prepared by the Food and Agriculture Organi

1 Molecular Medicine Program, Ottawa Health Research Institute, Ottawa, Ontario, Canada, 2 The University of Ottawa Centre for Neuromuscular Disease, Ottawa, Ontario, Canada, 3 Department of Cellular and Molecular Medicine, University of Ottawa, Ottawa, Ontario, Canada, 4 Department of Biochemistry, University of Washington, Seattle, Washington, United States of America, 5 Department of Medicin...

Welcome to the 42nd issue of the World Bank Trade Research Electronic Newsletter, a periodic E-mail publication containing abstracts of recent trade working papers, publications and other works. Additional information on the Bank's Trade Research Team activities can be found on the recent redesigned World Bank Trade Research website (http://www.econ.worldbank.org/programs/trade). This provides ...

World Bank Working Papers are published to communicate the results of the Bank's work to the development community with the least possible delay. The manuscript of this paper therefore has not been prepared in accordance with the procedures appropriate to formally-edited texts. Some sources cited in this paper may be informal documents that are not readily available. The findings, interpretatio...

We study a finite-depositor version of the Diamond-Dybvig model of financial intermediation in which the bank and all depositors observe withdrawals as they occur. We derive the (constrained) efficient allocation of resources in closed-form and show that this allocation provides liquidity insurance to depositors. The contractual arrangement that decentralizes this allocation has debt-like featu...

Using a model of deterministic structural change, we revisit several topics in inflation dynamics explored previously using stochastic, time-varying parameter models. We document significant reductions in inflation persistence and predictability. We estimate that changes in the volatility of shocks were decisive in accounting for the great moderations of the United States and the United Kingdom...

depending on the assumptions that are made in new keynesian models, one can attain different new keynesian phillips curves. in this study, three different new keynesian phillips curves and two different central bank behavioural functions are presented which leaves six new keynesian dsge models to study. the purpose of this study is the comparison of these six models and selecting the best model...