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information about demand is not available, observed effects of a shock in the industry may be an alternative source of evidence …. In the existing literature, shock analysis has unfortunately not been clearly linked to the SSNIP test. The lack of a … rigorous framework may confuse the interpretation of the effects of shocks. We illustrate how a shock can be evaluated within …
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In this article we propose an innovative way of delineating geographical markets based on easily accessible data. We apply this concept for the day care industry and investigate providers' location choices relative to local market characteristics to evaluate the widespread presumption that local...
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The primary objective of the study is to examine the impact of political news (good and bad news) on the returns and volatility of Borsa Istanbul 100 Index (BIST-100). Sample data cover the period from January 2008 to December 2017. The main sample was divided into two subperiods to insulate the...
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functional forms can overcome different sources of bias. The analysis is particularly relevant to the estimation of spillovers …
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