Showing 1 - 10 of 14
An oft-neglected pattern of behavior occurs when firms time the release of their products so that they are not released on the same date. The practice is potentially collusive, so there may be legitimate antitrust concerns. This paper presents a model of this behavior, the alternating periods...
Persistent link: https://www.econbiz.de/10005134407
variables This is accomplished by using a model that transforms the duration such that for the population parameters, this … transformed duration is independent of the instrument. The estimator is used to re-analyse data from the Illinois reemploymnet …
Persistent link: https://www.econbiz.de/10005062568
This paper aims at a better understanding of the factors influencing the decision of young graduates who entered teaching to stay in that profession. The field of research covers secondary education teachers in the French-Speaking Community of Belgium. The data analysed comes from an...
Persistent link: https://www.econbiz.de/10005556889
We present evidence on the duration of firm-bank relationships using a unique panel data set of connections between … Oslo Stock Exchange-listed firms and their banks for the period 1979-1994. We focus on the determinants of the duration of … a relationship and the causes for ending an existing bank relationship. We find that duration itself does not greatly …
Persistent link: https://www.econbiz.de/10005561575
Regarding the trade-off between the depth and the duration of recessions, there exists a mounting empirical evidence of … GDP in depth and a relative difference of 3 years duration can be attributed to this parameter. Overlooked for decades …
Persistent link: https://www.econbiz.de/10005076708
This paper is a short review on the application of continuos-time random walks to Econophysics in the last five years.
Persistent link: https://www.econbiz.de/10005134725
We complement the theory of tick-by-tick dynamics of financial markets based on a continuous-time random walk (CTRW) model recently proposed by Scalas et al [4], and we point out its consistency with the behaviour observed in the waiting-time distribution for BUND future prices traded at LIFFE,...
Persistent link: https://www.econbiz.de/10005134750
We investigate why we observe non-negative duration dependence among young unemployed men in urban Ethiopia. Assuming … that genuine duration dependence is negative, there are five explanations for a non-decreasing hazard: the presence of … is the only convincing one. We also establish that genuine duration dependence is indeed negative in the long run. …
Persistent link: https://www.econbiz.de/10005556022
incidence and duration and find that most variables have the same effect on both. Unemployment is concentrated among relatively … well-educated first time job seekers who come from the middle classes. Mean duration of unemployment is close to four years … Addis are less likely to become unemployed, and ethnicity has no effect. We find that both the incidence and duration of …
Persistent link: https://www.econbiz.de/10005556068
In this paper we present a rather general phenomenological theory of tick-by-tick dynamics in financial markets. Many well-known aspects, such as the Lévy scaling form, follow as particular cases of the theory. The theory fully takes into account the non-Markovian and non-local character of...
Persistent link: https://www.econbiz.de/10005561606