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Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity. When the overall models are tested...

Persistent link: https://www.econbiz.de/10011083573

Identifying Industry Margins with Unobserved Price Constraints: Structural Estimation on Pharmaceuticals

Dubois, Pierre; Lasio, Laura - C.E.P.R. Discussion Papers - 2014

We provide a method allowing to identify margins in an oligopoly price competition game when prices may not be freely chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory constraints in the pharmaceutical industry, which is...

Persistent link: https://www.econbiz.de/10011083879

A DSGE Model of China

Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

Persistent link: https://www.econbiz.de/10011084701

The Effect of the Theo van Gogh Murder on House Prices in Amsterdam

Gautier, Pieter A; Siegmann, Arjen; van Vuuren, Aico - C.E.P.R. Discussion Papers - 2007

Does Islamic terrorism have an effect on the general attitudes towards Muslim minorities? We use the murder of Theo van Gogh as an event study to address this question. Specifically, we use the hedonic-market model and test for an effect on listed house prices in neighbourhoods where more than...

Persistent link: https://www.econbiz.de/10005497845

If Winning Isn't Everything, Why Do They Keep Score? A Structural Empirical Analysis of Dutch Flower Auctions

den Berg, Gerard J van; van der Klaauw, Bas - C.E.P.R. Discussion Papers - 2007

This paper provides a structural empirical analysis of Dutch auctions of houseplants at the flower auction in Aalsmeer, the Netherlands. The data set is unique for Dutch auctions in the sense that it includes observations of all losing bids in an interval adjacent to the winning bid. The size of...

Persistent link: https://www.econbiz.de/10005656139

Intermodal and Intramodal Competition in Passenger Rail Transport

Ivaldi, Marc; Vibes, Catherine - C.E.P.R. Discussion Papers - 2005

The objective of the paper is to elaborate a simulation model to analyse inter and intra-modal competition in the transport industry, based on game theory models. In our setting, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on...

Persistent link: https://www.econbiz.de/10005656264

The 'Names Game': Harnessing Inventors Patent Data for Economic Research

Melamed, Ran; Shiff, Gil; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2006

The goal of this paper is to lay out a methodology and corresponding computer algorithms, that allow us to extract the … empirical research in economics, and yet the information on the identity (i.e. the names and location) of the patents’ inventors … elaborate methodology and computerized procedure to address this problem in a comprehensive way. The end result is a list of 1 …

Persistent link: https://www.econbiz.de/10005661738

The Risk-Return Paradox for Strategic Management: Disentangling True and Spurious Effects

Henkel, Joachim - C.E.P.R. Discussion Papers - 2007

The concept of risk is central to strategy research and practice. Yet, the expected positive association between risk and return, familiar from financial markets, is elusive. Measuring risk as the variance of a series of accounting-based returns, Bowman obtained the puzzling result of a negative...

Persistent link: https://www.econbiz.de/10005662014

Selective Trials: A Principal-Agent Approach to Randomized Controlled Experiments

Chassang, Sylvain; Padró i Miquel, Gerard; Snowberg, Erik - C.E.P.R. Discussion Papers - 2010

We study the design of randomized controlled experiments in environments where outcomes are significantly affected by unobserved effort decisions taken by the subjects (agents). While standard randomized controlled trials (RCTs) are internally consistent, the unobservability of effort provision...

Persistent link: https://www.econbiz.de/10008642870

Volatile Top Income Shares in Switzerland? Reassessing the Evolution Between 1981 and 2009

Foellmi, Reto; Martínez, Isabel Z. - C.E.P.R. Discussion Papers - 2014

We study the recent evolution of top incomes in Switzerland, analyzing both social security data on labor incomes and tax data on total income. The results show that in the last 20 years, the share of top incomes has risen, and the top 0.01 percent’s share even doubled, putting Switzerland...

Persistent link: https://www.econbiz.de/10011083290