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Research Publications and Outputs: Recent submissions

    • Markov-Switching Models with Evolving Regime-Specific Parameters: Are Post-War Booms or Recessions All Alike? 

      Eo, Yunjong; Kim, Chang-Jin
      Published 2012-02-01
      In this paper, we relax the assumption of constant regime-specific mean growth rates in Hamilton’s (1989) two-state Markov-switching model of the business cycle. We first present a benchmark model, in which each regime-specific ...
      Open Access
      Working Paper
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    • Bayesian Inference about the Types of Structural Breaks When There are Many Breaks 

      Eo, Yunjong
      Published 2012-02-01
      I propose a Bayesian approach to making an inference about complicated patterns of structural breaks in time series. Structural break models in the literature are mainly considered for a simple case in which all the ...
      Open Access
      Working Paper
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    • New Insights into Conditional Cooperation and Punishment from a Strategy Method Experiment 

      Cheung, Stephen L.
      Published 2012-01-01
      This paper introduces new experimental designs to examine how conditional cooperation and punishment behaviours respond to the full range of variation in the contributions of others. It is shown that contributions become ...
      Open Access
      Working Paper
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    • Social Comparison, Aspirations and Priming: When Fiction is as Powerful as Fact 

      Wu, Kevin; Guillén, Pablo
      Published 2012-01-01
      This study uses a novel application of priming to provide experimental evidence that aspirations and social comparisons may be influenced by non factual sources. A textual narrative eliciting social comparison is shown to ...
      Open Access
      Working Paper
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    • The discreet charm of the collective contract 

      Chong, Sophia; Guillén, Pablo
      Published 2012-02-01
      We compare individual with collective contracts using variations of a repeated gift- exchange game. Firms consist of one employer and three workers. In the individual variation (I) different workers can receive separate ...
      Open Access
      Working Paper
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