Showing 1 - 10 of 67
This paper proposes an alternative specification for the second stage of the Case-Shiller repeat sales method. This specification is based on serial correlation in the deviations from the mean one-period returns on the underlying individual assets, whereas the original Case-Shiller method...
Persistent link: https://www.econbiz.de/10005034752
The search for and dating of a possible european business cycle, has been inconclusive. At this stage, there is no consensus on the existence of such a cycle, or of its periodicity and amplitude, or of the relationship of individual member countries to that cycle. Yet cyclical convergence is the...
Persistent link: https://www.econbiz.de/10005667009
.S., we compare this bias between U.S. Cold War (CW) allies to non-CW allies, before and after the CW ended. The results show …
Persistent link: https://www.econbiz.de/10005789167
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … efforts. We then perform an empirical analysis using data on the Second Congo War, a conflict that involves many groups in a … complex network of informal alliances and rivalries. We estimate the fighting externalities, and use these to infer the extent …
Persistent link: https://www.econbiz.de/10011145465
propose a new methodology to deal with transaction prices and to estimate the effect of alliances in the US domestic market …
Persistent link: https://www.econbiz.de/10011165655
We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the … current alliances' pricing habits are not uniform and range from individual Nash to more competitive behaviours. …
Persistent link: https://www.econbiz.de/10005666444
In this paper we characterize a situation in which non-calculative trust has to play a role in the decision to cooperate. We then analyse the given situation in game theoretical terms and distinguish those aspects of players’ decisions that are cooperative from those that may be interpreted as...
Persistent link: https://www.econbiz.de/10005792217
states and growing divergence between European powers. In our model, the impact of war on the European state system depends … on: i) the importance of money for determining the war outcome (which stands for the cost of war), and ii) a country … of war. Initially, this caused more internally cohesive states to invest more in state capacity, while other (more …
Persistent link: https://www.econbiz.de/10009385769
We analyze the interaction of economic and political determinants of free trade agreements (FTA). In addition to standard trade gains, FTAs can promote peaceful relations by offering a political forum and by increasing the opportunity cost of conflicts that disrupt trade. If policy makers...
Persistent link: https://www.econbiz.de/10008468625
Contestants have to choose whether to initiate a contest or war, or whether to remain peaceful for another period. We …
Persistent link: https://www.econbiz.de/10005123608