, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

effectiveness, with a special emphasis on: how to impose a unique carbon price in the aftermath of the rejection of the carbon tax …

effectiveness, with a special emphasis on: how to impose a unique carbon price in the aftermath of the rejection of the carbon tax …

a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …

How does an artist's death impact on the price of his or her works of art? We investigate this question in an infinite … behaviour of collectors and artists, we find that the art price remains at some well-defined "pseudo-competitive" level as long … as the artist is alive. Only when the artist unexpectedly dies, the price increases on impact. This so-called death effect …