Similar Search Results

Asset pricing model with heterogeneous investment horizons

Anufriev, Mikhail (contributor); … - 2004

particular, we consider traders who base their investment decision on different time horizons and we analyze the effect of these … time horizons is not enough to guarantee the instability of the fundamental price and the emergence of non-trivial price … heterogeneous investment horizons can help to decrease the stability region of the "fundamental" fixed point. The role of time …

Persistent link: https://www.econbiz.de/10003211715

Introducing environmental variables in nonparametric frontier models : a probabilistic approach

Daraio, Cinzia (contributor); Simar, Léopold (contributor) - 2003 - [Elektronische Ressource]

This paper proposes a general formulation of a nonparametric frontier model introducingexternal environmental factors that might influence the production process butare neither inputs nor outputs under the control of the producer. A representation isproposed in terms of a probabilistic model...

Persistent link: https://www.econbiz.de/10002133538

Conditional nonparametric frontier models for convex and non convex technologies : a unifying approach

Daraio, Cinzia (contributor); Simar, Léopold (contributor) - 2005

The explanation of productivity differentials is very important to identify the economic conditions that create inefficiency and to improve managerial performance. In literature two main approaches have been developed: one-stage approaches and two-stage approaches. Daraio and Simar (2003)...

Persistent link: https://www.econbiz.de/10003098388