infonet-economy

Educational programs prepare students theoretically for the workplace, but many programs are still lacking in the real-world skills that the workplace requires. This is especially evident in Science, Technology, Engineering, and Math (STEM) education where today’s graduates hold a fundamental role in advancing science, medicine, sustainability, national security, and the economy, yet…

Turning the Paris Agreement’s greenhouse gas emissions pledges into domestic policies is the next challenge for governments. We address the question of the acceptability of cost-effective climate policy in a real-voting setting. First, we analyze voting behavior in a large ballot on energy taxes, rejected in Switzerland in 2015 by more than 2 million people. Energy taxes were aimed…

Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological resistance against it prospers. Here, we present the main arguments for carbon pricing,…

The Commons discussion proliferates on natural resources and material reproduction. When this discussion happens, it tends to distance itself from the “digital commons”, as the latter should be understood as something different: an area of instability, of undefined laws, or even of abuse. We would like to contribute to a law of the commons discussion with an approach that considers…

The research presented in this paper reports on making change happen and the challenge of tuming educators into change agents. The project is being carried out at the University of Applied Sciences & Arts Wester Switzerland, where there are over 20'000 students. lt is an action research project related to the inclusion of technology in the higher education classroom to add…

The univariate collapsing method (UCM) for portfolio optimization is based on obtaining the predictive mean and a risk measure such as variance or expected shortfall of the univariate pseudo-return series generated from a given set of portfolio weights and multivariate set of assets under interest and, via simulation or optimization, repeating this process until the desired portfolio…

Most models of ambiguity aversion satisfy Anscombe-Aumann’s Monotonicity axiom. Monotonicity imposes separability of preferences across events that occur with unknown probability. We construct a test of Monotonicity by modifying the Allais paradox to a setting with both subjective and objective uncertainty. Two experimental studies are conducted: while study 1 uses U.S. online…

First generation endogenous growth models had the counterfactual implication that the long-term growth of per-capita GDP increased with the population size. Two influential growth paradigms, the semi-endogenous and the second generation fully endogenous, eliminated this strong scale effect. Both solutions have useful aspects and insights, but very different policy implications. This…

Forward regression is a statistical model selection and estimation procedure which inductively selects covariates that add predictive power into a working statistical regression model. Once a model is selected, unknown regression parameters are estimated by least squares. This paper analyzes forward regression in high-dimensional sparse linear models. Probabilistic bounds for…