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use of simulations in social sciences. In this paper, we present an information theoretic criterion to measure how close …
Persistent link: https://www.econbiz.de/10011335931
In a second-price sequential auction with both global and local bidders, we explore the optimal order for selling heterogeneous goods to maximize efficiency or revenue. Our findings indicate that selling the good with very small variance (almost-zero variance) first yields higher revenue, while...
Persistent link: https://www.econbiz.de/10015209768
experiments with simulations to investigate the performance of two negotiation design features to address this failure: The Paris …
Persistent link: https://www.econbiz.de/10015211854
In this article, a new reciprocal Rayleigh extension called the Xgamma reciprocal Rayleigh model is defined and studied. The relevant statistical properties are derived, and the useful results related to the convexity and concavity are addressed. We discussed the estimation of the parameters...
Persistent link: https://www.econbiz.de/10013444098
I analyze the role of the distribution of skills in shaping optimal nonlinear income tax schedules. I use theoretical skill distributions as well as empirical skill distributions for 14 OECD countries. I find that a more dispersed log-normal skill distribution implies a more progressive optimal...
Persistent link: https://www.econbiz.de/10013467153
business financial multiples, based on various statistical techniques such as Monte Carlo simulations and Bayesian models of …
Persistent link: https://www.econbiz.de/10014494506
Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data - we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC) for fiscal policy in the Euro area. We document an...
Persistent link: https://www.econbiz.de/10014494981
simulations to investigate the valuation differences caused by the distribution of excess cash via cash dividends or share …
Persistent link: https://www.econbiz.de/10014504578
We consider lifetime health insurance contracts in which ageing provisions are used tosmooth the premium profile. The capital stock accumulated for each individual can bedecomposed into two parts: a premium insurance and an annuitised life insurance, onlythe latter being transferable between...
Persistent link: https://www.econbiz.de/10010312128
countries would have an interest in leaving the international environmental agreement. The simulations show that the transfer …
Persistent link: https://www.econbiz.de/10010314882