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This dissertation extends previous research on bubbles by investigating whether changes in the financial asset prices of the S&P500 reflect changes in fundamentals. We propose that if this is not the case the volatility is due to a bubble. Hence, this is the general hypothesis from which several...
Persistent link: https://www.econbiz.de/10009431432
This thesis takes a theoretical and analytical look at the implicit prices of housing characteristics in a South Florida submarket. Chapter II analyzes some of the vast body of previous studies that employ Econometric Techniques. Chapter III presents the information revealed by an examination of...
Persistent link: https://www.econbiz.de/10009431435
This thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and...
Persistent link: https://www.econbiz.de/10009431442
This thesis contains an empirical study of nonprofit cultural organizations in the state of Florida. Transcendental and Cobb Douglas functions are compared for a sample of 76 organizations. The organizations produce under conditions of decreasing returns to scale and both labor and capital are...
Persistent link: https://www.econbiz.de/10009431443
This thesis theoretically and empirically analyzes the effects of Foreign Direct Investment on Third World countries. The competing theories of the impact of FDI on developing countries are examined. The contradictory results of former econometric tests and empirical surveys measuring the impact...
Persistent link: https://www.econbiz.de/10009431446
The economy is a system of interrelated variables which must be studied as a whole. Lack of understanding of the interrelationship between economic agents may result in misleading information. Government transactions are the only controllable input to the system. It is essential, therefore, to...
Persistent link: https://www.econbiz.de/10009431447
Recent proposals for a European Monetary Union raise the prospect of a European-wide monetary authority. Successful implementation of monetary policy by a European central bank would require the existence of a stable relationship between the quantity of money demanded and other macro-variables....
Persistent link: https://www.econbiz.de/10009431448
This thesis examines as well as compares four essential issues of the Cournot oligopoly model--existence, uniqueness, and stability of the equilibrium solution, and the competitive property of the model. A Cournot equilibrium solution exists for the market when the marginal revenue of each firm...
Persistent link: https://www.econbiz.de/10009431450
increase understanding of trade theory and introduce dynamics into trade. One of the model's major premises is that a country … the industry enters into a new phase. This approach has been accepted as an established theory though it still remains … cited as an evidence to support the product cycle theory. The whole life of monochrome television in the United States was …
Persistent link: https://www.econbiz.de/10009431451
This thesis empirically analyzes the determinants of national health care expenditures in the United States and five other industrialized economies. A reduced-form model for national health care expenditures, based upon a partial-adjustment mechanism, is specified as a function of supply and...
Persistent link: https://www.econbiz.de/10009431453