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Armstrong, JS - EconWPA - 2005

Anterasian et al. (1996) present a one-sided argument that the use of market share as an objective is detrimental. Because two-sided arguments are persuasive for intelligent audiences, one might wonder why they chose a one-sided approach. Having spent the past decade working on this topic, I...

Persistent link: https://www.econbiz.de/10005556536

Market Share Superstition (Letter)

Armstrong, JS - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005408107

Dynamics and Discriminatory Import Policy

To, Ted - EconWPA - 1996

Although the GATT prohibits discriminatory import tariffs, it includes means for circumventing this prohibition. The previous literature uses static models and discriminatory tariffs increase welfare. In a dynamic model, if governments lack the ability to precommit, this is not necessarily true....

Persistent link: https://www.econbiz.de/10005062636

The Forecasting Accuracy of Five Time Series Models: Evidence from the Portuguese Car Market

Ramos, Francisco F. R. - EconWPA - 1996

This paper compares the out-of-sample forecasting accuracy of five classes of time series models for market shares of the six most important Portuguese car market competitors over differents horizons. As representative time series models I employ a random-walk with drift (Naive), a univariate...

Persistent link: https://www.econbiz.de/10005119118

Measuring the Degree of Efficiency of Financial Market

Los, Cornelis - EconWPA - 2004

market risk is needed. This new risk concept should allow for the measurement of the degree of market efficiency, which is …

Persistent link: https://www.econbiz.de/10005561619

Measuring and Analyzing Returns on Aggregate Residential Housing

Hasanov, Fuad; Dacy, Douglas - EconWPA - 2005

This paper computes an aggregate real after-tax rate of return on residential real estate in the United States. We account for net rental income, capital gain, and subsidies due to tax provisions for homeowners in constructing a total return measure. We also compute separate returns to owners...

Persistent link: https://www.econbiz.de/10005561628

Asset measurement in the costing of government services

EconWPA; Steering Committee for the Review of … - 2001

Differences in asset measurement techniques can have a major impact on reported capital costs. Their influence on total … that different methods of asset measurement could lead to quite large variations in reported capital costs. Considered in … the context of total unit costs, however, the differences created by these asset measurement effects were relatively small …

Persistent link: https://www.econbiz.de/10005125897

The Discounted Economic Stock of Money with VAR Forecasting

Barnett, William; Chae, Unja; Keating, John - EconWPA - 2005

We measure the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock. We permit non-martingale expectations and time varying discount rates. Based on Barnett’s (1991) definition...

Persistent link: https://www.econbiz.de/10005412591

Introducing a scale of market shocks

Zumbach, Gilles O.; Dacorogna, Michel M.; Olsen, Jorgen L. - EconWPA - 2004

Two 'event' scales for financial markets, called 'scale of market shocks' (SMS), are introduced, which measure the importance of the market movements. These indices are based on the price volatility and are computed by integrating mapped asset volatilities over time horizons that range from 1...

Persistent link: https://www.econbiz.de/10005076995

THE HIDDEN INEQUALITY IN SOCIALISM

Henderson, David; McNab, Robert M; Rozsas, Tamas - EconWPA - 2004

In the same time period over which the former socialist countries of Eastern Europe and Central Asia became freer, measured inequality of income for those countries increased. Researchers linked the increase to the egalitarian values of socialism and to the process of economic and political...

Persistent link: https://www.econbiz.de/10005118811