Similar Search Results

Putting integrity Into Finance : A Purely Positive Approach

Erhard, Werner - 2014

strongly for an addition to the current paradigm of financial economics. We summarize here our new theory of integrity that …

Persistent link: https://www.econbiz.de/10012458678

Uncertainty Outside and Inside Economic Models

Hansen, Lars Peter - 2014

We must infer what the future situation would be without our interference, and what changes will be wrought by our actions. Fortunately, or unfortunately, none of these processes is infallible, or indeed ever accurate and complete. Knight (1921)

Persistent link: https://www.econbiz.de/10012458272

The Trade Reducing Effects of Market Power in International Shipping

Hummels, David - 2007

Developing countries pay substantially higher transportation costs than developed nations, which leads to less trade and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in determining transportation costs. In the presence of...

Persistent link: https://www.econbiz.de/10012465742

Low Interest Rates, Market Power, and Productivity Growth

Liu, Ernest - 2019

This study provides a new theoretical result that low interest rates encourage market concentration by raising industry leaders' incentive to gain a strategic advantage over followers, and this effect strengthens as the interest rate approaches zero. The model provides a unified explanation for...

Persistent link: https://www.econbiz.de/10012479461

Annals of econometrics: forecasting and empirical methods in finance and macroeconomics

Diebold, Francis X. (contributor); … - 2001

Persistent link: https://www.econbiz.de/10001617180

Quantitative Sovereign Default Models and the European Debt Crisis

Bocola, Luigi - 2018

A large literature has developed quantitative versions of the Eaton and Gersovitz (1981) model to analyze default episodes on external debt. In this paper, we study whether the same framework can be applied to the analysis of debt crises in which domestic public debt plays a prominent role. We...

Persistent link: https://www.econbiz.de/10012480634

An Economic Model of Amniocentesis Choice

Fajnzylber, Eduardo - 2010

Medical practitioners typically utilize the following protocol when advising pregnant women about testing for the possibility of genetic disorders: Pregnant women over the age of 35 should be tested for Down syndrome and other genetic disorders; for younger women, such tests are discouraged...

Persistent link: https://www.econbiz.de/10012462351

An Economic Model of the Planning Fallacy

Brunnermeier, Markus K. - 2008

do an inordinate amount of work right before projects are due. We present a theory in which people underpredict and … less smoothing of work than those chosen by a person with objective beliefs. We test our theory using extant experimental … theory predicts. For example, monetary incentives for accurate prediction ameliorate the planning fallacy while incentives …

Persistent link: https://www.econbiz.de/10012464421

Endogenizing Technological Change : Matching Empirical Evidence to Modeling Needs

Pizer, William A. - 2007

Given that technologies to significantly reduce fossil fuel emissions are currently unavailable or only available at high cost, technological change will be a key component of any long-term strategy to reduce greenhouse gas emissions. In light of this, the amount of research on the pace,...

Persistent link: https://www.econbiz.de/10012465601

Trading Tasks : A Simple Theory of Offshoring

Grossman, Gene M. - 2006

For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called "trade in tasks." We propose a...

Persistent link: https://www.econbiz.de/10012465939

1
2
3
4
5
6
7
8
9
10
Next
Last