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Cash-in-Advance Constraints in the Diamond Overlapping Generations Model: Neutrality and Optimality of Monetary Policies.

Crettez, B.; Michel, P.; Wigniolle, B. - Center for Operations Research and Econometrics (CORE), … - 1998

This paper is a study of money in overlapping generations models with cash-in-advance constraints. We first offer a brief review of different features of cash-in-advance constraint. Then we propose a general formulation and study the neutrality of money. We show that both neutrality and...

Persistent link: https://www.econbiz.de/10005478952

Bayesian non-linear modellings of the short term US interest rate: the help of non-parametric tools

LUBRANO, Michel - Center for Operations Research and Econometrics (CORE), … - 2000

This paper is concerned with the empirical investigation of models of the US short term interest rate, using a mixture of classical non-parametric methods and of Bayesian parametric methods. The shape of the drift and volatility functions of the usual diffusion equation are first investigated...

Persistent link: https://www.econbiz.de/10005043492

Import Restraints and Quality Choice under Vertical Differentiation.

Boccard, N.; Wauthy, X. - Center for Operations Research and Econometrics (CORE), … - 1998

We consider the following stage game: a domestic government chooses an import quota, the a domestic and a foreign firm choose their quality level before engaging a price competition. We first show that the indirect effect of the quota on the sales of the domestic producer are different depending...

Persistent link: https://www.econbiz.de/10005478943

Pareto Improving Price Regulation when the Asset Market is Incomplete.

Herings, J.-J.; Polemarchakis, H. - Center for Operations Research and Econometrics (CORE), … - 1998

allocation. Prices in competitive markets may fail to attain equilibrium. The theory of general competitive equilibrium does not … account for the adjustment of prices; empirical evidence indicates persistent deviations from market clearing. Fix …-price equilibria, following Benassy (1975) and Dreze (1975), characterize the allocation of resources at arbitrary prices. The …

Persistent link: https://www.econbiz.de/10005478944

PRICING-SCHEMES AND COURNOTIAN MONOPOLISTIC COMPETITION.

D'ASPREMONT, C.; DOS SANTOS FERREIRA, R.; GERARD-VARET, L-A. - Center for Operations Research and Econometrics (CORE), … - 1989

Persistent link: https://www.econbiz.de/10005478945

Price Discovery in International Equity Trading.

Grammig, J.; Melvin, M.; Schlag, C. - Center for Operations Research and Econometrics (CORE), … - 2001

international stock prices adjust to an exchange rate shock ?These questions are answered by analyzing quotes originating in New …

Persistent link: https://www.econbiz.de/10005478957

Product Lines and Price Discrimination in the European Car Market.

Ginsburgh, V.; Weber, S. - Center for Operations Research and Econometrics (CORE), … - 1996

, prices approach marginal cost. The approach is used to show that European car producers seem indeed to use product lines to …

Persistent link: https://www.econbiz.de/10005478960

A Remark on the Number of Trading Posts in Strategic Market Games.

Koutsougeras, L.C. - Center for Operations Research and Econometrics (CORE), … - 1999

In market games the one to one correspondence between commodity types and trading posts would be justified if it were true that the set of equilibria is not affected by the number of trading posts postulated at the ouset of the model. We show that this is not true.

Persistent link: https://www.econbiz.de/10005478962

Information Advantage and Dominant Strategies in Second-Price Auctions.

Einy, E.; Haimanko, O.; Orzach, R.; Sela, A. - Center for Operations Research and Econometrics (CORE), … - 2000

We study a general model of common-value second-price auctions with differential information. We show that one of the bidders has an inform tion advantage over the other bidders if and only if he possesses dominantstrategy. A dominant strategy is in fact unique and is given by the conditional...

Persistent link: https://www.econbiz.de/10005478966

TARGET INCENTIVE SYSTEM V.S. PRICE INCENTIVE SYSTEM

LIANG, Z. - Center for Operations Research and Econometrics (CORE), … - 1988

Persistent link: https://www.econbiz.de/10005478968