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Prohibition of Riba and Gharar: A signaling and screening explanation?
The emergence of Islamic Banks (IBs) with Sharia boards that restrict the set of permissible products and enforce prohibition of riba and gharar raises basic questions of how IB clients benefit by choosing financial services ...
Does Consistency Predict Accuracy of Beliefs?: Economists Surveyed About PSA
When economists' subjective beliefs about the sensitivity and positive predictive value of the Prostate Specific Antigen (PSA) test are internally consistent (i.e., satisfying Bayes' Rule), their beliefs about prostate ...
Quantity restrictions with imperfect enforcement in an over-used commons: Permissive regulation to reduce over-use?
This paper presents a model of quantity regulation aimed at mitigating externalities from over-use of a commons: for example, restrictions on use of automobiles, fisheries, computer networks and electronic stock quotation ...
Artificial Neural Networks and Aggregate Consumption Patterns in New Zealand
This study engineers a household sector where individuals process macroeconomic information to reproduce consumption spending patterns in New Zealand. To do this, heterogeneous artificial neural networks (ANNs) are trained ...
Energy-aware optimisation of business processes
Due to changes in energy supply, and regulatory mechanism related to energy provisioning, organizations will need to tackle energy management is- sues. One way of doing so is to allocate resources to business processes ...
Embedding agents in business applications using enterprise integration patterns
This paper addresses the issue of integrating agents with a variety of external resources and services, as found in enterprise computing environments. We propose an approach for interfacing agents and existing message ...
Where Should I Live? The Locational Choices of Australians and New Zealanders
This paper exploits the existence of the trans-Tasman travel agreement and the availability of comparable census data in Australia and New Zealand to examine the extent to which individuals respond to different labour ...
Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to ...
Limitations of the relative standard deviation of win percentages for measuring competitive balance in sports leagues
The relative standard deviation of win percentages, the most widely used measure of within-season competitive balance, has an upper bound which is very sensitive to variation in the numbers of teams and games played. ...
Corruption and the Public Display of Wealth
We build a principal-agent-client model of corruption, allowing for heterogeneity in the value of public projects relative to the cost of monitoring their execution and for uncertainty of corruptors regarding the value of ...