In the presence of capital accumulation the Taylor principle may not be sufficient for determinacy under reasonable parameter values. In this paper I consider a two-sector extension of the models used in the existing literature. I show that what matters for whether the Taylor principle is sufficient is the price stickiness of investment goods. Price stickiness of consumer goods on the other han...

Abstract Are we living in an age of unreason? And what to do about it? Can combat We discuss situations which one may presume be confronted with unreasonable behavior by interlocutor: fallacies, changing rules the game, shifting some other type dialogue, and abandonment reasonable dialogue. recommend ways that could helpful obtain a return reason. These possibilities lead us moderately optimist...

The empirical analysis of multiproduct pricing suffers from a lack of clear theoretical guidance and appropriate data, limitations which often render traditional regression-based analyses impractical. This paper analyzes ticket, parking, and concession pricing in Major League Baseball for the period 1991-2003 using a new methodology based on principal components, which allows inferences to be f...

EXECUTIVE SUMMARY An information kiosk system is a computer-based information system in a publicly accessible place. Such a system was developed for a large public transport company to provide African commuters with limited educational background with up-to-date information on schedules and ticket prices while also presenting general company information in a graphically attractive way. The chal...