We investigate whether the response of the macro-economy to oil price shocks undergoes episodic changes. Employing a regime-switching vector autoregressive model we identify two regimes that are characterized by qualitatively different patterns in economic activity and inflation following oil...

This article studies long-horizon dynamic asset allocation strategies with recursive parameter updating. The parameter estimates for the regime-switching dynamics vary as more and more datapoints are observed and the sample size increases. In such a setting, the globally optimal portfolio...

We analyse a long panel of households’ stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at...

This is an analytical, descriptive, and cross-sectional case study to identify a pharmaceutical company's organizational life cycle (OLC) situation using clustering methods. Data came from Iran's pharmaceutical firms in 2001-2018. We used sales growth, dividend per ratio, and performance...

This is an analytical, descriptive, and cross-sectional case study to identify a pharmaceutical company's organizational life cycle (OLC) situation using clustering methods. Data came from Iran's pharmaceutical firms in 2001-2018. We used sales growth, dividend per ratio, and performance...

We analyse a long panel of households' stock market beliefs to gain insights into the nature of their expectations formation processes. We classify respondents into one of five groups based on their data and estimate group-wise models of expectations formation. Two of the groups are at opposite...

Clustering methods group individuals or objects based on information about their similarity or proximity. When the raw information to generate clusters cannot be easily observed or verified, the cluster designer must rely on information reported by individuals behind the observations. When these...

Clustering methods group individuals or objects based on information about their similarity or proximity. When the raw information to generate clusters cannot be easily observed or verified, the cluster designer must rely on information reported by individuals behind the observations. When these...

The paper considers a model for supporting mediator in bilateral negotiations with respect to the main factors that influence negotiation process and outcomes. The results of the research on behavioural approach which identify these factors are presented. Next general framework of the model,...