Showing 832,891 - 832,900 of 834,811
in an a-spatial context. Traditional neoclassical growth theory following Solow/Swan has mainly addressed questions about …
Persistent link: https://www.econbiz.de/10010324577
In this paper we present an exact maximum likelihood treatment forthe estimation of a Stochastic Volatility in Mean(SVM) model based on Monte Carlo simulation methods. The SVM modelincorporates the unobserved volatility as anexplanatory variable in the mean equation. The same extension...
Persistent link: https://www.econbiz.de/10010324578
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash...
Persistent link: https://www.econbiz.de/10010324581
This paper proposes an integrated evaluation methodology which serves to alleviate the limitations of a singleevaluation approach by combining different assessment and policy analysis methods. It is demonstrated that, in a multi-criteria context, a so-called combinatorial framework can cope with...
Persistent link: https://www.econbiz.de/10010324582
emotion theory. …
Persistent link: https://www.econbiz.de/10010324584
In this paper we rederive some well known results for continuous time Markov processes that live on a finite state space.Martingale techniques are used throughout the paper. Special attention is paid to the construction of a continuous timeMarkov process, when we start from a discrete time...
Persistent link: https://www.econbiz.de/10010324585
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010324588
Wetlands all over the world have been lost or are threatened in spite of various international agreements and national policies. This is caused by: (1) the public nature of many wetlands products and services; (2) user externalities imposed on other stakeholders; and (3) policy intervention...
Persistent link: https://www.econbiz.de/10010324589
In this paper we derive a structural measure for labor market density based on the Ellison and Glasear (1997) Index for industry concentration. This labor market density measure serves as a proxy for the number of workers that can reach a certain work area within a reasonal amount of traveling...
Persistent link: https://www.econbiz.de/10010324590
Turnbull (1990), our empiricalfindings strongly suggest the existence of a non-zero risk premum for stochasticvolatility of … stock returns. Allowing for non-zero risk-premium of stochasticvolatility and based on implied volatility, the SV models can …
Persistent link: https://www.econbiz.de/10010324592