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A Demonstration of the PMF-Extraction Approach: Modeling The Effects of Sound on Crowd Behavior

Cornwell, Jason B; Silverman, Barry G; O'Brien, Kevin; … - 2002

The vast majority of psychology, sociology, and other social-science literature describing human behavior and performance does not reach the eyes of those of us working in the modeling and simulation community. Our recent work has been concerned with the extraction and implementation of Human...

Persistent link: https://www.econbiz.de/10009438993

Arbitrage and Valuation in the Market for Standard and Poor's Depositary Receipts

Ackert, Lucy; Tian, Yisong S. - 2000

This paper examines pricing in the market for depositary receipts, securities designed to track the performance of a stock index that trade like shares of stock. Arbitrage costs are low because these assets have low fundamental risk, low transactions costs, and high dividend yields. We find that...

Persistent link: https://www.econbiz.de/10009459103

An Autoregressive Conditional Filtering Process to remove Intraday Seasonal Volatility and its Application to Testing the Noisy Rational Expectations Model

Cho, Jang Hyung - 2008

pattern to change over time without the filtering process injecting a spurious pattern of noise into the filtered series. We … embedded in the return series. The variance is decomposed into the information arrival component and the noise factor component …. This decomposition methodology differs from previous studies in that both the informational variance and the noise variance …

Persistent link: https://www.econbiz.de/10009460480

Punish in Public

Xiao, Erte; Houser, Daniel - 2006

environments, ranging from American students facing punishment in laboratory experiments, to Israeli parents facing fines for …

Persistent link: https://www.econbiz.de/10009441131

A Meta-Analysis of Hypothetical Bias in Stated Preference Valuation

Murphy, James J.; Allen, Geoffrey; Stevens, Thomas H.; … - 2003

Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...

Persistent link: https://www.econbiz.de/10009467788

Hybrid Auctions II: Experimental Evidence

Dutra, Joisa C; Menezes, Flavio - 2001

In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid second-price auction. This auction mechanism shares some important features with that used in...

Persistent link: https://www.econbiz.de/10009451730

Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study

Cason, Timothy N. - 2000

This paper reports a preliminary laboratory experiment in which traders make investments to increase the reliability of tradable instruments that represent greenhouse gas emissions allowances. In one half of the sessions these investments are unobservable, while in the other half traders can...

Persistent link: https://www.econbiz.de/10009430680

Market Power in Tradable Emission Markets: A Laboratory Testbed for Emission Trading in Port Phillip Bay, Victoria

Cason, Timothy N.; Gangadharan, Lata; Duke, Charlotte - 2003

In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets are often imperfectly competitive, however, if they are thin anddominated by large firms. The dominant firm(s) could exercise market power and increase otherfirms’ costs of...

Persistent link: https://www.econbiz.de/10009445935

The Use of Loan Loss Provisions for Earnings, Capital Management and Signalling by Australian Banks

Anandarajan, Asokan; Hasan, Iftekhar; McCarthy, Cornelia - 2005

this study, we examine whether Australian banks engage in earnings, capital management and signalling, and, if so, the … do not appear to use LLPs for signalling future intentions of higher earnings to investors. …

Persistent link: https://www.econbiz.de/10009440734

Is there a signalling role for public wages? : evidence for the euro area based on macro data

Pérez García, Javier José; Sánchez-Fuentes, A. Jesús - 2009

?. This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other …

Persistent link: https://www.econbiz.de/10012530273