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Growth of strategy sets, entropy and nonstationary bounded recall

Neyman, Abraham; Okada, Daijiro - 2005

This paper initiates the study of long term interactions where players' bounded rationality varies over time. Time dependent bounded rationality is reflected in part in the number $\psi(t)$ of distinct strategies in the first $t$-stages. We examine how the growth rate of $\psi_i(t)$ affects...

Persistent link: https://www.econbiz.de/10010266360

Lundan, Sarianna M. - 2009

In an integrated global economy, multinational enterprises (MNEs) have more opportunities than ever to reap the benefits of broader markets and more possibilities for an extensive division of labour between different locations. In spite of this, the evidence on the spread of the activities of...

Persistent link: https://www.econbiz.de/10010273008

Using transfer entropy to measure information flows between financial markets

Dimpfl, Thomas; Peter, Franziska J. - 2012

We use transfer entropy to quantify information flows between financial markets and propose a suitable bootstrap … procedure for statistical inference. Transfer entropy is a model-free measure designed as the Kullback-Leibler distance of … corporate bond market for the pricing of credit risk. We also analyze the dynamic relation between market risk and credit risk …

Persistent link: https://www.econbiz.de/10010318778

A Non-Parametric and Entropy Based Analysis of the Relationship between the VIX and S&P 500

Allen, David E.; McAleer, Michael; Powell, Robert; … - 2013

sets a series of non-parametric based tests utilising entropy based metrics. These suggest that the PDFs and CDFs of these … two return distributions change shape in various subsample periods. The entropy and MI statistics suggest that the degree … most recent period from 2011 to 2012. The entropy based non-parametric tests of the equivalence of the two distributions …

Persistent link: https://www.econbiz.de/10010326508

Term structures of asset prices and returns

Backus, David; Boyarchenko, Nina; Chernov, Mikhail - 2016

We explore the term structures of claims to a variety of cash flows: U.S. government bonds (claims to dollars), foreign government bonds (claims to foreign currency), inflation-adjusted bonds (claims to the price index), and equity (claims to future equity indexes or dividends). Average term...

Persistent link: https://www.econbiz.de/10011538004

An entropy-based metric for product remanufacturability

Ramoni, Monsuru O.; Zhang, Hong-chao - In: Journal of Remanufacturing 2 (2012), pp. 1-8

metric is based on entropy, a phenomenon well known in engineering. …

Persistent link: https://www.econbiz.de/10010500505

An information-theoretical analysis of budget-constrained nonpoint source pollution control

Kaplan, Jonathan D.; Howitt, Richard E.; Farzin, Y. Hossein - 2001

learning. To overcome the inherent ill-posed statistical problem in NPS pollution data the sequential entropy filter is applied …

Persistent link: https://www.econbiz.de/10011608793

After the DMA, the DSA and the New AI regulation: Mapping the economic consequences of and responses to new digital regulations in Europe

Erixon, Fredrik; Guinea, Oscar; Van der Marel, Erik; … - 2022

The European Union (EU) has pursued an ambitious agenda for regulating the digital economy, and it is now planning to establish a new package of regulations, including the Digital Markets Act (DMA), the Digital Services Act (DSA), and a new regulation of Artificial Intelligence (AI). These...

Persistent link: https://www.econbiz.de/10014560161

Job Matching, Social Network and Word-of-Mouth Communication

Calvó-Armengol, Antoni; Zenou, Yves - 2003

Workers are embedded within a network of social relationships and can communicate through word-of-mouth. They can find a job either directly or through personal contacts. From this micro scenario, we derive an aggregate matching function that has the standard properties but fails to be...

Persistent link: https://www.econbiz.de/10010262763

Performance spillovers and social network in the workplace: evidence from rural and urban weavers in a Chinese textile firm

Kato, Takao; Shu, Pian - 2008

We provide some of the first rigorous evidence on performance spillovers and social network in the workplace. The data we use are rather extraordinary - weekly data for rejection rates (proportion of defective output) for all weavers in a firm during a 12 months (April 2003-March 2004) period,...

Persistent link: https://www.econbiz.de/10010268660