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Nonstationary-volatility robust panel unit root tests and the great moderation : conference paper
Hanck, Christoph; Czudaj, Robert - 2013
developed here to test for unit roots in OECD panels of gross domestic products and inflation rates, yielding inference robust … to the `Great Moderation.' We find little evidence of trend stationarity, and mixed evidence regarding inflation …
Persistent link: https://www.econbiz.de/10010343777
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Deregulating fixed voice services? : empirical evidence from the European Union
Šaric, Amela; Lange, Mirjam - 2014
This paper deals with the relationship between the traditional fixed-line, mobile and Voice over IP telephony in the EU.We estimate the supply and demand for fixed-line telephony using data on 25 EU member states for the 2006:Q2 - 2011:Q4 period. Employing instrumental variable approach, we...
Persistent link: https://www.econbiz.de/10010396574
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Price competition in an inflationary environment : conference paper
Dürsch, Peter; Eife, Thomas A. - 2014
A constant price level facilitates cooperation among firms whereas steady inflation and deflation rates lower firms …' ability to cooperate. In an experimental market with price competition we show that both inflation and deflation signicantly … welfare: depending on the market structure, inflation and deflation lead to significantly lower real prices and higher welfare. …
Persistent link: https://www.econbiz.de/10010491108
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Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty : conference paper
Conrad, Christian; Hartmann, Matthias - 2014 - Preliminary draft
In this study, we examine how the interaction between monetary policy and macroeconomic conditions affects inflation … uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving unconditional … variance component of inflation in the framework of the semiparametric Spline-GARCH model (Engle and Rangel, 2008). For a cross …
Persistent link: https://www.econbiz.de/10010486628
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Selling reputation when going out of business : presented at CEFifo Area Conference on Industrial Organisation, March 2004
Hakenes, Hendrik; Peitz, Martin - CESifo Area Conference on Industrial Organisation … - 2004
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...
Persistent link: https://www.econbiz.de/10011449475
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Intermediated vs. direct sales and a no-discrimination rule : conference paper
Wismer, Sebastian - 2013 - This version: January 2013
When sellers join a platform to sell their products, the platform operator may restrict their strategic decisions. In fact, several platform operators impose most-favored treatment or no-discrimination rules (NDRs), asking sellers not to offer better sales conditions elsewhere. In this paper, I...
Persistent link: https://www.econbiz.de/10010338388
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Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
A frequent feature of information structures is that they generate signals which are not mutually independent, but rather rely on a common set of underlying information. Using a simple experimental design, we show that in such contexts many people neglect correlations in the updating process,...
Persistent link: https://www.econbiz.de/10010339934
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Trade, integration and interregional inequality : conference paper
Hirte, Georg; Lessmann, Christian - 2014 - This version: February 20, 2013
We study the effect of international trade and freeness of trade on interregional inequality within countries. We estimate a model derived from a structural economic geography approach where interregional inequality depends on weighted trade shares and trade costs and where we can derive an...
Persistent link: https://www.econbiz.de/10010491189
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Does globalization create superstars? : a simple theory of managerial wages ; conference paper
Gersbach, Hans; Schmutzler, Armin - 2013 - This version: October 2012
To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration of product markets and managerial pools, leads to an...
Persistent link: https://www.econbiz.de/10010341147
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Contagion and spillovers : new insights from the crisis : a joint publication with the Austrian Society for Bank Research
Backé, Peter (ed.); Gnan, Ernest (ed.);  … - Contagion and Spillovers – New Insights from the …; … - 2010
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011706561