Showing 1 - 10 of 153
While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability …
Persistent link: https://www.econbiz.de/10010267377
While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability …
Persistent link: https://www.econbiz.de/10005762416
precision parameter of the DP process is calibrated to the amount of trading activity in deep-out-of-the-money options. We use …
Persistent link: https://www.econbiz.de/10011506354
I develop a noisy rational expectations equilibrium model with a continuum of states and a full set of options that … have important implications for price discovery through options …
Persistent link: https://www.econbiz.de/10011296088
sensitivities to chosen risk factors. I test these portfolios empirically and find that options signifi cantly improve the risk … highly attractive skewness-kurtosis profi le. In the presence of transactions costs that depend on an option's moneyness and …
Persistent link: https://www.econbiz.de/10010337963
Many OECD countries are reforming their pension systems. We investigate how pension eligibility affects labor supply in couples. Inspired by a theoretical framework, we measure how the sharp change in the pension eligibility of both partners affects labor force participation. We find that both...
Persistent link: https://www.econbiz.de/10011584676
This paper proposes sequential matching and inverse selection probability weighting to estimate dynamic causal effects. The sequential matching estimators extend simple, matching estimators based on propensity scores for static causal analysis that have been frequently applied in the evaluation...
Persistent link: https://www.econbiz.de/10010261808
Since interventions by the public sector generally commit substantial societal resources, the evaluation of effects and costs of policy interventions is imperative. This paper outlines why program evaluation should follow well-respected scientific standards and why it should be performed by...
Persistent link: https://www.econbiz.de/10010262297
The assumption that the assignment to treatments is ignorable conditional on attributes plays an important role in the applied statistic and econometric evaluation literature. Another term for it is conditional independence assumption. This paper discusses identification when there are more than...
Persistent link: https://www.econbiz.de/10010262311
This study analyses the effects of public sector sponsored vocational training on individual unemployment and employment duration in East Germany. The data is taken from the German Socio-Economic Panel (GSOEP). The empirical analysis is limited to training measures that took place between July...
Persistent link: https://www.econbiz.de/10010262357