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Optimization of international securitized real estate portfolios has been a key topic for several decades. However, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework suggested by Markowitz (1952) even if the limitations of...
Persistent link: https://www.econbiz.de/10003969883
. Using unique panel data, we find that households who report storm damage increased their risk taking. We do not find …
Persistent link: https://www.econbiz.de/10011454120
This paper is concerned with fiscal externalities arising from local taxation of a mobile factor. Using a panel of more …
Persistent link: https://www.econbiz.de/10011445920
as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find … share ; dynamic heterogeneous panel models …
Persistent link: https://www.econbiz.de/10003961521
panel random coefficient model, we show that financial experts have systematically misperceived the ECB's interest rate rule …. -- Central bank communication ; Interest rate forecasts ; Survey expectations ; Panel random coefficient model …
Persistent link: https://www.econbiz.de/10003989026
and provide some remarks for future research. -- Economic integration ; regional growth ; EU Cohesion Policy ; panel data …
Persistent link: https://www.econbiz.de/10003881569
We propose four different GMM estimators that allow almost consistent estimation of the structural parameters of panel …
Persistent link: https://www.econbiz.de/10011447728
German firm-level panel data set covering manufacturing and service industries. The growing importance of service inputs into … ; Panel Data ; Olley-Pakes ; System-GMM …
Persistent link: https://www.econbiz.de/10003922594
the LIAB Linked Employer–Employee panel, our results indicate that for male workers from the service sector the …
Persistent link: https://www.econbiz.de/10008652553
Leniency programs as a tool for cartel detection and cartel destabilization, have been implemented since the early nineties. Theoretical work has shown that leniency programs can be effective in enhancing cartel detection and deterrence, but these effects are not straight-forward. It is even...
Persistent link: https://www.econbiz.de/10008822030