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Volatility-price relationships in power exchanges: A demand-supply analysis

Sapio, Sandro - 2008

technology fundamentals. Negative volatility-price dependence arises if the market dynamics is accounted for by common shocks … under certain conditions, these volatility-price patterns can be used to identify the exercise of market power …The evidence of volatility-price dependence observed in previous works (Karakatsani and Bunn 2004; Bottazzi, Sapio and …

Persistent link: https://www.econbiz.de/10010328635

Recent Trends and Developments in Econophysics

Argyrakis, Panos (contributor) - 2024

The current Special Issue brought out the newest trends in Econophysics that have made use of the most recent available tools, such as Big Data. The emphasis of the reprint is on deciphering the effects of current world events, such as the repercussions of the recent war conflicts, the oil and...

Persistent link: https://www.econbiz.de/10015324883

Addie, Ron; Taranto, Aldo - 2024

An economic similarity between two economies is defined, which is a correspondence between the futures of two economies in which all, or a certain subset of all acts of production and consumption, are the same. Prices and inflation can be different in similar economies so an economic similarity...

Persistent link: https://www.econbiz.de/10014475327

Investors' behavior in alternative asset classes

Papavasiliou, Ellie; Topaloglou, Nikolas; Tsomidis, Georgios - In: SPOUDAI - Journal of Economics and Business 72 (2022) 3/4, pp. 3-55

Averse types of investors. We develop a stochastic spanning approach for each type of investor. Using the Stochastic Spanning …

Persistent link: https://www.econbiz.de/10014477251

Difficulties in testing for capital overaccumulation

Kocherlakota, Narayana Rao - In: Quantitative Economics 15 (2024) 1, pp. 89-114

This paper reconsiders the question of testing for the presence of Pareto suboptimal capital overaccumulation in overlapping generations economies. The paper allows generation-specific technology shocks to evolve over time according to a stationary Markov chain, and assumes that an...

Persistent link: https://www.econbiz.de/10014536979

Vehicle allocation problem with uncertain transportation requests over a multi-period rolling horizon

Crama, Yves; Pironet, Thierry Léon Augustin - In: Logistics Research 12 (2020) 1, pp. 1-13

benefit of the stochastic model is highlighted: our results show that the the information about future, uncertain orders … contained in the stochastic part of the horizon can be used to generate improved profits. Robustness against misspecified …

Persistent link: https://www.econbiz.de/10014542227

The Peter Principle: A Theory of Decline

Lazear, Edward P. - 2003

Some have observed that individuals perform worse after being promoted. The Peter Principle, which states that people are promoted to their level of incompetence, suggests that something is fundamentally misaligned in the promotion process. This view is unnecessary and inconsistent with the...

Persistent link: https://www.econbiz.de/10010262717

Bayesian demographic modeling and forecasting: An application to U.S. mortality

Reichmuth, Wolfgang H.; Sarferaz, Samad - 2008

We present a new way to model age-specific demographic variables with the example of age-specific mortality in the U.S., building on the Lee-Carter approach and extending it in several dimensions. We incorporate covariates and model their dynamics jointly with the latent variables underlying...

Persistent link: https://www.econbiz.de/10010276366

Modeling and forecasting age-specific mortality: A Bayesian approach

Reichmuth, Wolfgang H.; Sarferaz, Samad - 2008

We present a new way to model age-specific demographic variables, using the example of age-specific mortality in the United States, building on the LeeCarter approach and extending it in several dimensions. We incorporate covariates and model their dynamics jointly with the latent variables...

Persistent link: https://www.econbiz.de/10010276367

Voter involvement, fiscal autonomy and public sector efficiency: evidence from German municipalities

Geys, Benny; Heinemann, Friedrich; Kalb, Alexander - 2009

Social and/or political involvement within the population is often argued to enhance public sector performance. The underlying idea is that engagement fosters political awareness and interest and increases the public’s monitoring ability. Still, weak fiscal autonomy can undermine voters’...

Persistent link: https://www.econbiz.de/10010307014