Showing 1 - 10 of 17
. As a practical example, the professional competition between fund managers is considered. To explore how different … settings of competition parameters, the exclusion rate and the exclusion interval, affect individual investment behavior, an …
Persistent link: https://www.econbiz.de/10010309602
. This provides an excellent example of a country that has experienced changes in competition regime. Economic reforms in … economic and, in particular, competitive environment. Understanding the evolution of competition across industries is an … economic transition. In this paper, the authors investigate the evolution of competition in Vietnam during the economic …
Persistent link: https://www.econbiz.de/10010309049
on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The …
Persistent link: https://www.econbiz.de/10010332949
In the philosophical literature, there exist rather positive but also rather negative evaluations of competition. It … effects it is frequently demanded that competition should be eliminated or at least restricted.This does often, however, not … take into account its evolutionary nature; competition cannot just be switched on and off.Thus, the government has only …
Persistent link: https://www.econbiz.de/10012435206
It is a well-known fact that reforms necessary to enhance competition and make the economy more attractive play a major …
Persistent link: https://www.econbiz.de/10012217975
competition in all markets. The Commission's economic policy is largely determined by its competition policy. This policy is … derived from its doctrine on competition law, which regards the exercise of market power as a source of inefficiency and … advocates that its effects should be banned. By contrast, the United States competition authorities, under the influence of the …
Persistent link: https://www.econbiz.de/10012217977
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a cointegrating relationship (between import unit...
Persistent link: https://www.econbiz.de/10010295304
In this paper we study the effect of the single currency across industries for euro area members. This analysis may help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these factors are specific to individual sectors and/or countries or...
Persistent link: https://www.econbiz.de/10010295314
I apply the Johansen and Swensen (1999, 2004) method of testing exact rational expectations within the cointegrated VAR (Vector Auto-Regressive) model, to testing the New Keynesian (NK) model. This method permits the testing of rational expectation systems, while allowing for non-stationary...
Persistent link: https://www.econbiz.de/10010295321
This paper proposes an econometric evaluation of the New Keynesian Phillips Curve (NKPC) in the euro area, under a particular specification of the adaptive learning hypothesis. The key assumption is that agents' perceived law of motion is a Vector Autoregressive (VAR) model, whose coefficients...
Persistent link: https://www.econbiz.de/10010298617