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Modelling Possible Impacts of GM Crops on Australian Trade

Stone, Susan; Matysek, Anna; Dolling, Andrew - EconWPA - 2003

This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...

Persistent link: https://www.econbiz.de/10005407855

Multiple-Object Auctions with Budget Constrained Bidders

Benoit, Jean-Pierre; Krishna, Vijay - EconWPA - 1998

A seller with two objects faces a group of bidders who are subject to budget constraints. The objects have common values to all bidders, but need not be identical and may be either complements or substitutes. In a simple complete information setting we show: (1) if the objects are sold by means...

Persistent link: https://www.econbiz.de/10005062330

Booms, Busts, and Fraud

Povel, Paul; Singh, Rajdeep; Winton, Andrew - EconWPA - 2003

We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …

Persistent link: https://www.econbiz.de/10005134707

Optimal Audit Policy and Heterogenous Agents

Ratto, Marisa; Vergé, Thibaud - EconWPA - 2003

Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...

Persistent link: https://www.econbiz.de/10005412503

The evolution of income inequality in the European Union

Alvarez-Garcia, Santiago; Prieto-Rodriguez, Juan; … - EconWPA - 2003

The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to the Monetary Union. Using the information contained in the European Community Household Panel, corresponding to the four first waves. Using the inverse second order stochastic...

Persistent link: https://www.econbiz.de/10005076592

Decomposing the co-movement of the business cycle: a time- frequency analysis of growth cycles in the eurozone

Crowley, Patrick; Lee, Jim - EconWPA - 2005

This article analyses the frequency components of European business cycles using real GDP by employing multiresolution decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation analysis is performed, and phasing is studied...

Persistent link: https://www.econbiz.de/10005076732

Report on European Monetary Union

Oldani, Chiara; Melosi, Leonardo; Neri, Laura; … - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005076769

EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

Kibritcioglu, Aykut - EconWPA - 2003

As a result of the macroeconomic convergence process in the light of the 1991 Maastricht Treaty, the monetary union between most of the EU countries started on January 1, 1999. Meanwhile, ten formerly eastern block countries and the Southern Section of Cyprus are preparing their economy for a...

Persistent link: https://www.econbiz.de/10005076843

Welfare Benefits and Work Incentives. An Analysis of the Distribution of Net Replacement Rates in Europe using EUROMOD, a Multi- Country Microsimulation Model.

Immervoll, Herwig; O'Donoghue, Cathal - EconWPA - 2003

This paper considers the methodology of measuring replacement rates, comparing simulation based approaches, which simulate replacement rates for a representative sample of the population, with other approaches that simulate replacement rates for "typical" families or are entirely based on...

Persistent link: https://www.econbiz.de/10005125757

The Impact of the Stability and Growth Pact on Real Economic

Savona, Paolo; Viviani, Carlo - EconWPA - 2004

The recession under way in the European Union and the threat of deflation have spawned increasing frequent calls for modification of the Stability and Growth Pact. The present article confirms the negative correlation of the rate of real output growth with that of increase in current public...

Persistent link: https://www.econbiz.de/10005125875

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