In economies with indivisible commodities, consumers tend to prefer lotteries in commodities. A potential mechanism for satisying these preferences is unrestricted purchasing and selling of lotteries in decentralized markets, as suggested in Prescott and Townsend [-Int. Econ. Rev. 25, 1-20]. However, this paper shows in several examples that such lottery equilibria do not always exist for econo...

abstract solar radiation, nowadays has a lot of application in different fields of agriculture, irrigation, and hydrology engineering and due to these various applications, different models has been proposed for it’s estimation. angstrom-prescott equation is one of the most important well known models for solar radiation estimation. this equation has empirically coefficient that various for eac...

abstract in present paper has tried to examine and investigate quality of effectiveness of monetary shocks on the growth of agricultural sector by using time series dataes of iran economy during 1960-2006 , filter hodric-prescott method and liner regressive models. the resultes show that qualily of effectiveness monetary shocks on growth of agricultural sector is asymmetric and length of effect...

This paper examines questions about contract enforcement in the absence of formal legal institutions, using archival evidence for one particular rural society in pre-emancipation Russia. The evidence presented indicates that enforcement services provided by the local landlord made it possible for Russians from different socioeconomic and legal strata (soslovii) to engage in a wide variety of co...

Sumita, S., Prescott, N.B., Broom, D.M., Wathes, C.M. and Phillips, C.J.C. 2013. Visual discrimination learning and spatial acuity in sheep. Applied Animal Behaviour Science, 147, 104-111. doi:10.1016/j.applanim.2013.04.012 Pre-publication copy Visual discrimination learning and critical spatial acuity in sheep Sumita Sugnaseelan, Neville B. Prescott, Donald M. Broom, Christopher M. Wathes and ...