The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

We theoretically and experimentally study an investment game with fundamental state uncertainty and input complementarities—i.e., a global game environment. Our particular focus is on how a sentiment index, closely modeled after consumer confidence surveys, aggregates private information and influences investment. We find that a sentiment index produces very similar results to a highly informat...

— This paper investigates the relationship between private and public investment in R&D, while taking into account the effect of several instruments policies such as subsidies and taxes. We design a new look of knowledge spillovers and R&D cooperation to explain the contribution of public and private R&D on growth. We propose a heterogeneous dynamic panel data model to consider the endogenous e...

this study is intended to investigate the level of public-private cooperation in the process of agricultural development from the view point of potential investors and producers. to achieve this objective we used an adjusted jensen model as a conceptual framework for cooperation. in this process mutual responsibilities is provided to reveal different dimensions of strategic cooperation between ...

The paper considers the local provision of public infrastructure when population is mobile. It shows that inflexible deficit limitation may result in too little local public investment if population is perfectly mobile in the long run. Conversely, given the existence of migration externalities, implementing Musgrave's pay as you use finance, according to which new debt should match net investme...