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Information Percolation with Equilibrium SearchDynamics

Duffie, Darrell; Malamud, Semyon; Manso, Gustavo - National Centre of Competence in ResearchFinancial … - 2009

We solve for the equilibrium dynamics of information sharing in a large pop-ulation. Each agent is endowed with signals …

Persistent link: https://www.econbiz.de/10005868788

The dynamics of stock market participation

Galaasen, Sigurd Mølster; Raja, Akash - 2024

We document novel facts on the exit and reentry margins of stock market participation by retail investors using detailed administrative data on every Norwegian resident from 1993 to 2016. Contrary to the conventional view that individuals either never or always participate in the stock market,...

Persistent link: https://www.econbiz.de/10015195413

A European-Type Wage Equation from an American-Style Labor Market: Evidence from a Panel of Norwegian Manufacturing Industries in the 1930s

Bårdsen, Gunnar; Doornik, Jurgen; Klovland, Jan Tore - 2004

Using a newly constructed panel of manufacturing industry data for interwar Norway, we estimate a long-run wage curve for the 1930s that has all the modern features of being homogeneous in prices, proportional to productivity, and having an unemployment elasticity of −0.1. This result is more...

Persistent link: https://www.econbiz.de/10012143618

Information Diffusion and Spillover Dynamics in Renewable Energy Markets

Cedic, Samir; Mahmoud, Alwan; Manera, Matteo; Uddin, … - 2021

The aim of this paper is to analyze the connectedness between renewable energy (RE) sectors, the oil & gas sector and other assets using time-scale spillover approach. We find that the RE bioenergy firms are the most connected to oil & gas firms and oil prices. The bond market transmits...

Persistent link: https://www.econbiz.de/10012501728

Dynamic Refugee Matching

Andersson, Tommy; Ehlers, Lars; Martinello, Alessandro - 2018

Asylum seekers are often assigned to a locality in their host country directly upon arrival based on some type of uninformed dynamic matching system which does not take the background of the asylum seekers into consideration. This paper proposes an informed, intuitive, easy-to-implement and...

Persistent link: https://www.econbiz.de/10013208807

The dynamics of resource spending in a competition between political parties: General notes on the Red Queen effect

Coram, Alex - 2008

dynamics of campaigning. The aim of this paper is to make up some of this gap. This is done using a differential game theory …

Persistent link: https://www.econbiz.de/10010287887

Growth, exploitation and class inequalities

Galanis, Giorgos; Veneziani, Roberto; Yoshihara, Naoki - 2017

This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided...

Persistent link: https://www.econbiz.de/10011927981

Investigating asymmetries in the bank lending channel. An analysis using Austrian banks' balance sheet data

Fruehwirth-Schnatter, Sylvia; Kaufmann, Sylvia - 2003

In the present paper we use a balanced bank panel data set to obtain an inference on two dimensions of the asymmetric response of bank lending to interest rate changes. The cross-sectional dimension is captured by group-specific parameters whereby each bank's group membership is estimated along...

Persistent link: https://www.econbiz.de/10013370002

A discrete choice model of dividend reinvestment plans: Classification and prediction

Boehm, Thomas P.; DeGennaro, Ramon P. - 2007

We study 852 companies with dividend reinvestment plans in 1999 matched by total assets to 852 companies without such plans. We use discrete choice methods to predict the classification of these companies. We interpret the misclassified companies as being likely to switch their plan status. That...

Persistent link: https://www.econbiz.de/10010292321

Price Clustering in the FX Market: A Disaggregate Analysis using Central Bank Interventions

Fischer, Andreas - 2004

Price clustering is a well-documented regularity of foreign exchange transactions. In this paper, I present new … empirical evidence of price clustering for central bank interventions. A feature of the price clustering in Swiss National Bank … (SNB) transactions is market dependency. Evidence of clustering in the broker market is considerably smaller than in the …

Persistent link: https://www.econbiz.de/10011430050