T paper studies how judicious resource allocation in networks mitigates risk. Theory is presented for general utility functions and mean-variance formulations and is illustrated with networks featuring resource diversification, flexibility (e.g., inventory substitution), and sharing (commonality). In contrast to single-resource settings, risk-averse newsvendors may invest more in networks than ...

The size of a lambda term’s type assignment is traditionally interpreted as the number of involved typing rules, since that interpretation corresponds to the complexity of underlying logical proof. However, it can be also assessed using some finergrained measures such as the number of involved type declarations, or even as the sum of the sizes of all types in involved type declarations. These q...

This paper studies the impact of a natural resource boom on structural change and real exchange rate dynamics, taking into account the indirect effect that operates through relative sectoral productivity changes. The paper's contribution to the Dutch disease literature is threefold. First, I extend the simple learning by doing productivity specification to include trade barriers and technology ...

This paper studies how differences in risk exposure and risk attitude affect network configuration. Theory is presented for general utility functions and their mean-variance approximations and illustrated with networks featuring inventory substitution and commonality, or resource sharing and flexibility. When faced with increased risk exposure, risk-neutral newsvendors change resource levels pr...

Substitution Effects in Parental Investments The paper estimates how parents adjust bride-prices and land divisions to compensate their sons for differences in their schooling investments in rural China. The main estimate implies that when a son receives one yuan less in schooling investment than his brother, he will obtain 0.7 yuan more in observable marital and post-marital transfers as parti...

The paper presents an approach to building a very large emotive lexicon for Polish based on plWordNet. An expanded annotation model is discussed, in which lexical units (word senses) are annotated with basic emotions, fundamental human values and sentiment polarisation. The annotation process is performed manually in the 2+1 scheme by pairs of linguists and psychologies. Guidelines referring to...

In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for consistency with a recursive utility model specification versus standard time-additive separability. T...

In rural sub-Saharan Africa, the provision of analgesics during tubal ligation procedures can be expensive, subject to frequent stock-outs, and associated with potential side effects. The majority of women undergoing tubal ligations in low resource settings will receive a combination of vocal local (VL) – a non-pharmacological pain management technique, local anaesthetic (LA) and analgesics. Ho...

We study a model of selfish resource allocation that seeks to incorporate dependencies among resources as they exist in modern networked environments. Our model is inspired by utility functions with constant elasticity of substitution (CES) which is a well-studied model in economics. We consider congestion games with different aggregation functions. In particular, we study Lp norms and analyze ...

Foresrry models often ignore spatial relationships between forest srands. This paper isolates the effects of stand interactions in muitlpie-use forestry through a straightforward extension of the single-stand model. Effects of stand interactions decompose into wealth and substitution effects and may cause time-varying patterns of resource use for a forest stand. Simulations illustrate that a st...