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The Frequency of One-Day Abnormal Returns and Price Fluctuations in the Forex

Caporale, Guglielmo Maria - 2020

inconsistent with market efficiency …

Persistent link: https://www.econbiz.de/10012837673

Bank of England interest rate announcements and the foreign exchange market

Melvin, Michael; Saborowski, Christian; Sager, Michael; … - 2009

. Daily data reveal significant differences in volatility on the last of three meeting days when the interest rate … macroeconomic news effects on the foreign exchange market. We find evidence for non-linear regime switching between a high-volatility …, informed-trading state and a low-volatility, liquidity-trading state. MPC surprise announcements are shown significantly to …

Persistent link: https://www.econbiz.de/10010264608

Efficient Taxation of Fuel and Road Use

Bjertnæs, Geir H. - 2020

This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...

Persistent link: https://www.econbiz.de/10012844204

Non-Competitive Wage-Setting as a Cause of Unfriendly and Inefficient Leadership

Dur, Robert A. J. - 2019

This paper develops a simple economic model to examine how leadership styles in organizations depend on the prevailing wage-setting conditions for workers. In particular, we examine a leader who can - in addition to the use of monetary incentives - motivate a worker by adopting leadership styles...

Persistent link: https://www.econbiz.de/10012861392

Assessing EU Merger Control Through Compensating Efficiencies

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10013314675

Efficiency and Equity in a Society-Economy Integrated Model

Fleurbaey, Marc; Kanbur, Ravi; Snower, Dennis J. - 2021

A model that only focuses on economics relations, and in which efficiency and equity are defined in terms of resource … game of social interactions, and define comprehensive notions of efficiency and equity. Social interactions provide …

Persistent link: https://www.econbiz.de/10013214345

Efficiency and Equity : A General Equilibrium Analysis of Rent-Seeking

Heijdra, Ben J.; Heijnen, Pim - 2021

inequity). This tradeoff between efficiency and equity is the primary focus of this paper. We investigate how the distribution …

Persistent link: https://www.econbiz.de/10013322787

Economic Geography and the Efficiency of Environmental Regulation

Hollingsworth, Alex; Jaworski, Taylor; Kitchens, Carl T.; … - 2022

We develop a spatial equilibrium model to evaluate the efficiency and distributional impacts of the leading air quality …

Persistent link: https://www.econbiz.de/10013293305

Efficient Level of Seps Licensing

Langus, Gregor; Lipatov, Vilen - 2022

We study the question whether a holder of standard essential patents (SEPs) should be allowed to choose the level in the value chain at which to offer a FRAND license to its SEPs. We give a pos-itive answer to this question for two reasons. First, the SEP holder and the social planner tend to...

Persistent link: https://www.econbiz.de/10013300871

Volatility transmission in emerging European foreign exchange markets

Bubák, Vít; Kocenda, Evézen; Zikes, Filip - 2010

This paper studies the dynamics of volatility transmission between Central European currencies and euro/dollar foreign … exchange using model-free estimates of daily exchange rate volatility based on intraday data. We formulate a flexible yet … parsimonious parametric model in which the daily realized volatility of a given exchange rate depends both on its own lags as well …

Persistent link: https://www.econbiz.de/10010270529