Similar Search Results

Tax liability side equivalence in experimental posted-offer markets

Borck, Rainald; Engelmann, Dirk; Müller, Wieland; … - 2000

In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of … equivalence. We find that market outcomes are essentially the same when the tax is levied on sellers as when it is levied on … equivalence. -- Tax Liability ; Posted Offer Market ; Experimental Economics …

Persistent link: https://www.econbiz.de/10009582390

Capacity choices and price competition in experimental markets

Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001

setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …

Persistent link: https://www.econbiz.de/10009612564

Estimating yield curves by Kernel smoothing methods

Linton, Oliver; Mammen, Enno; Nielsen, Jens Perch; … - 1998

We introduce a new method for the estimation of discount functions, yield curves and forward curves from government issued coupon bonds. Our approach is non-parametric and does not assume particular functional form for the discount function although we do show how to impose various restrictions...

Persistent link: https://www.econbiz.de/10009580489

Tax clientele effects in the German bond market

Stehle, Richard; Jaschke, Stefan R.; Wernicke, Stefan - 1998

This paper presents an analysis of tax clientele effects in the German government bond market from the viewpoint of … ; duality theory ; term structure of interest rates ; smoothing splines ; tax clientele ; arbitrage bounds …

Persistent link: https://www.econbiz.de/10009574878

Testing for vector autoregressive dynamics under heteroskedasticity

Hafner, Christian M.; Herwartz, Helmut - 2002

In this paper we introduce a bootstrap procedure to test parameter restrictions in vector autoregressive models which is robust in cases of conditionally heteroskedastic error terms. The adopted wild bootstrap method does not require any parametric specification of the volatility process and...

Persistent link: https://www.econbiz.de/10009663846