Similar Search Results

Ranking, Unemployment Duration, and Wages

Blanchard, Olivier Jean - 1990

Firms often receive multiple acceptable applications for vacancies, requiring a choice among candidates. This paper contrasts equilibria when firms select workers at random and when firms select the worker with the shortest spell of unemployment, called ranking. With the filling of vacancies...

Persistent link: https://www.econbiz.de/10012475646

Representing Symmetric Rank Two Updates

Gay, David M. - 1976

Various quasi-Newton methods periodically add a symmetric "correction" matrix of rank at most 2 to a matrix approximating some quantity A of interest (such as the Hessian of an objective function). In this paper we examine several ways to express a symmetric rank 2 matrix [delta] as the sum of...

Persistent link: https://www.econbiz.de/10012479003

Good Rankings Are Bad : Why Reliable Rankings Can Hurt Consumers

Bouton, Laurent - 2015

Rankings have become increasingly popular on various markets, e.g. the market for study programs. We analyze their welfare implications. Consumers have to choose between two goods of unknown quality with exogenous presence or absence of an unbiased informative ranking. The existence of the...

Persistent link: https://www.econbiz.de/10012457583

A Sharper Ratio : A General Measure for Correctly Ranking Non-Normal Investment Risks

Smetters, Kent - 2013

While the Sharpe ratio is still the dominant measure for ranking risky assets, a substantial effort has been made over the past three decades to find a way to account for non-Normally distributed risks. This paper derives a generalized ranking measure which, under a regularity condition,...

Persistent link: https://www.econbiz.de/10012459163

Modeling Area-Level Health Rankings

Courtemanche, Charles - 2013

We propose a Bayesian factor analysis model to rank the health of localities. Mortality and morbidity variables empirically contribute to the resulting rank, and population and spatial correlation are incorporated into a measure of uncertainty. We use county-level data from Texas and Wisconsin...

Persistent link: https://www.econbiz.de/10012459212

26th International Seminar on Macroeconomics : [which took place in Barcelona on June 13 - 14, 2003 ..., organized by the National Bureau of Economic Research ...]

Eḳshṭain, Tsevi (contributor) - International Seminar on Macroeconomics <26, 2003, … - In: Journal of the European Economic Association 3 (2005) 5, pp. 967-1057

Persistent link: https://www.econbiz.de/10003101383

Fixed versus Flexible : Lessons from EMS Order Flow

Killeen, William P. - 2001

This paper addresses the puzzle of regime-dependent volatility in foreign exchange. We extend the literature in two … induce volatility under flexible rates because they have portfolio-balance effects on price, whereas under fixed rates the …

Persistent link: https://www.econbiz.de/10012470227

International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth)

Brandt, Michael W. - 2001

Exchange rates depreciate by the difference between the domestic and foreign marginal utility growths. Exchange rates vary a lot , as much as 10% per year. However, equity premia imply that marginal utility growths vary much more, by at least 50% per year. This means that marginal utility...

Persistent link: https://www.econbiz.de/10012470316

Modeling and Forecasting Realized Volatility

Andersen, Torben G. - 2001

forecasting of daily and lower frequency volatility and return distributions. Most procedures for modeling and forecasting … ARCH or stochastic volatility models, which often perform poorly at intraday frequencies. Use of realized volatility … and forecasting. Building on the theory of continuous-time arbitrage-free price processes and the theory of quadratic …

Persistent link: https://www.econbiz.de/10012470566

Does Firm-specific Information in Stock Prices Guide Capital Allocation?

Durnev, Artyom - 2001

We show that firms in industries in which firm-specific stock price variation is larger use more external financing and allocate capital with greater precision in the sense that their marginal q ratios are closer to one. According to the Efficient Markets Hypothesis, greater firm-specific stock...

Persistent link: https://www.econbiz.de/10012470636

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