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Estimating a Life Cycle Model with Unemployment and Human Capital Depreciation

Pollak, Andreas - EconWPA - 2005

I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...

Persistent link: https://www.econbiz.de/10005119102

A Laboratory Experiment of Knowledge Diffusion Dynamics

Morone, Piergiuseppe; Taylor, Richard - EconWPA - 2004

dominate the phenomenon of knowledge diffusion in the process that is called ‘interactive learning’. We examine how knowledge … distribution of knowledge diffusion. We will show how these factors can be classified as follow: (1) learning strategies adopted by … their relative initial levels of knowledge. We shall also attempt to single out the relative effect of each of the above …

Persistent link: https://www.econbiz.de/10005125585

From Economic Activity to Understanding Spaces

Iribarren, Diego - EconWPA - 2003

This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...

Persistent link: https://www.econbiz.de/10005407919

The Forecasting Accuracy of Five Time Series Models: Evidence from the Portuguese Car Market

Ramos, Francisco F. R. - EconWPA - 1996

This paper compares the out-of-sample forecasting accuracy of five classes of time series models for market shares of the six most important Portuguese car market competitors over differents horizons. As representative time series models I employ a random-walk with drift (Naive), a univariate...

Persistent link: https://www.econbiz.de/10005119118

Housing Demand in Portugal

Carvalho, Pedro Guedes - EconWPA - 2003

In a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and …

Persistent link: https://www.econbiz.de/10005119161

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...

Persistent link: https://www.econbiz.de/10005125582

Innovation and Market Value

Hall, Bronwyn H. - EconWPA - 1999

This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms …. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …

Persistent link: https://www.econbiz.de/10005413048

INNOVATION AND VENTURE CAPITAL EXITS

SCHWIENBACHER, Armin - EconWPA - 2001

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

Persistent link: https://www.econbiz.de/10005413189