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Using PDA consistency checks to increase the precision of profits and sales measurement in panels

Fafchamps, Marcel; Quinn, Simon; McKenzie, David; … - Department of Economics, Oxford University - 2010

Personalized Digital Assistants (PDAs) and other forms of hardware needed to collect survey data electronically have become more affordable and powerful in recent years, leading to their use in a number of surveys in developing countries. Simple use of these devices can offer the prospect of...

Persistent link: https://www.econbiz.de/10011004329

The Aggregate Weak Axiom in a Financial Economy through Dominant Substitution Effects

Quah, John - Department of Economics, Oxford University - 2004

axiom when certain mild restrictions are imposed on agentsâ€™ coefficient of relative risk aversion. This result is obtained …

Persistent link: https://www.econbiz.de/10011133066

Amplification and Asymmetry in Crashes and Frenzies

Ozsoylev, Han N. - Department of Economics, Oxford University - 2005

reactions to news and liquidity shocks as well as an asymmetry biased towards crashes. Risk aversion of traders is shown to be …

Persistent link: https://www.econbiz.de/10010820287

A Risk Assessment Model for Banks

Tsomocos, Dimitrios P; Goodhart, Charles A.E. - Department of Economics, Oxford University - 2004

The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate … endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its … data and therefore can be implemented as a risk assessment tool for financial regulators and central banks. We address the …

Persistent link: https://www.econbiz.de/10010820299

Additional Notes on the Comparative Statics of Constrained Optimization Problems

Quah, John - Department of Economics, Oxford University - 2006

These are additional notes relating to the paper `The Comparative Statics of Constrained Optimization Problems`, which is appearing in Econometrica. It gathers together material present in various earlier versions of the paper, as well as some new material, which are not found in the published...

Persistent link: https://www.econbiz.de/10010820326

Limited Asset Markets Participation, Monetary Policy and (Inverted) Keynesian Logic

Bilbie, Florin O. - Department of Economics, Oxford University - 2005

This paper incorporates limited asset markets participation in dynamic general equilibrium and develops a simple analytical framework for monetary policy analysis. Aggregate dynamics and stability properties of an otherwise standard business cycle model depend nonlinearly on the degree of asset...

Persistent link: https://www.econbiz.de/10010820337

Hype and Dump Manipulation

Eren, Nevzat; Ozsoylev, Han N. - Department of Economics, Oxford University - 2008

This paper introduces signaling in a standard market microstructure model so as to explore the economic circumstances under which hype and dump manipulation can be an equilibrium outcome. We consider a discrete time, multi-period model with stages of signaling and asset trading. A single...

Persistent link: https://www.econbiz.de/10011004164

Comparative Statics, Informativeness, and the Interval Dominance Order

Quah, John; Strulovici, Bruno - Department of Economics, Oxford University - 2007

We identify a natural way of ordering functions, which we call the interval dominance order and develop a theory of monotone comparative statistics based on this order. This way of ordering functions is weaker than the standard one based on the single crossing property (Milgrom and Shannon,...

Persistent link: https://www.econbiz.de/10011004221

The Supermodular Stochastic Ordering

Meyer, Margaret; Strulovici, Bruno - Department of Economics, Oxford University - 2013

In many economic applications involving comparisons of multivariate distributions, supermodularity of an objective function is a natural property for capturing a preference for greater interdependence. One multivariate distribution dominates another according to the supermodular stochastic...

Persistent link: https://www.econbiz.de/10011004334

Tobin Lives: Integrating evolving credit market architecture into flow of funds based macro-models

Muellbauer, John; Duca, John - Department of Economics, Oxford University - 2012

After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability. Data from the financial flow of funds, previously relatively neglected, are now seen as...

Persistent link: https://www.econbiz.de/10011004428