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A Toolkit for Optimizing Functions in Economics
Goffe, William L. - EconWPA - 1997
Optimization algorithms must be among the most common numerical methods used by economists. Yet, there is surprisingly little guidance on choosing the appropriate one. This problem is most notable with regard to conventional versus global optimizers. Typically, a global optimizer is used when a...
Persistent link: https://www.econbiz.de/10005134567
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Calculus of Bargaining Solution on Boolean Tables
Mullat, Joseph E. - EconWPA - 2001
adequate calculus. By adequate calculus we understand an algorithm that can lead us to the result within reasonable timetable …
Persistent link: https://www.econbiz.de/10005407621
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Efficiency of the Foreign Exchange Market of Papua New Guinea During the Recent Float
Wickremasinghe, Guneratne Banda - EconWPA - 2004
This paper examines the validity of the efficient market hypothesis (EMH) for the foreign exchange market of Papua New Guinea (PNG) using data on spot exchange rates for four major foreign currencies during the recent float. The unit root test results indicate that all the four exchange rates...
Persistent link: https://www.econbiz.de/10005408043
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EFFICIENCY OF FOREIGN EXCHANGE MARKETS: A DEVELOPING COUNTRY PERSPECTIVE
Wickremasinghe, Guneratne Banda - EconWPA - 2004
This study tests weak and semi-strong form efficiency of the foreign exchange market in Sri Lanka using six bilateral … foreign exchange rates during the recent float. Weak-form efficiency is examined using unit root tests while semi-strong form … efficiency is tested using co- integration and Granger causality tests and variance decomposition analysis. Results indicate that …
Persistent link: https://www.econbiz.de/10005556627
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Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria
Bhaskar, V.; To, Ted - EconWPA - 2000
discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …
Persistent link: https://www.econbiz.de/10005076900
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Advertising, Pricing & Market Structure in Competitive Matching Markets
Bataille, Edner; Julien, Benoit - EconWPA - 2005
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...
Persistent link: https://www.econbiz.de/10005076903
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DO EXTERNAL FUNDS YIELD LOWER RETURNS ? RECENT EVIDENCE FROM EAST ASIAN ECONOMIES
Pal, Sarmistha; Driffield, Nigel - EconWPA - 2003
Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...
Persistent link: https://www.econbiz.de/10005076952
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Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data
LOS, CORNELIS A. - EconWPA - 2004
The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …
Persistent link: https://www.econbiz.de/10005076962
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Efficiency-Enhancing Signalling in the Samaritan's Dilemma
Lagerlof, Johan - EconWPA - 2002
Suppose an altruistic person, A, is willing to transfer resources to a second person, B, if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents' point of view. This is the Samaritan's dilemma. The logic of the dilemma has been...
Persistent link: https://www.econbiz.de/10005077070
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Efficiency, subsidies and environmental adaptation of animal farming under CAP.
Mesonada, Carlos San Juan; Sperlich, Stefan; Murillo, Carmen - EconWPA - 2005
, subsidies and efficiency the of animal farming. To this end we first have to identify the production frontier and relative … efficiency level for each animal oriented type of farm in the sample. The production frontier and efficiency index for each type … between relative efficiency, farm size and environmentally friendly behavior realizing a non parametric regression of …
Persistent link: https://www.econbiz.de/10005124877