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Multiple politico-economic regimes, inequality and growth
Desdoigts, Alain; Moizeau, Fabien - 2001
mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
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Fragmentation, globalization and labor markets
Burda, Michael C.; Dluhosch, Barbara - 2001 - Rev.
of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high … new firms enter the market. -- International Trade ; Organization of Production ; Technology Choice ; Division of Labor …
Persistent link: https://www.econbiz.de/10009614300
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Nonparametric estimation and testing of interaction in additive models
Sperlich, Stefan; Tjostheim, Dag; Yang, Lijian - 1998
We consider an additive model with second order interaction terms. It is shown how the components of this model can be estimated using marginal integration, and the asymptotic distribution of the estimators is derived. Moreover, two test statistics for testing the presence of interactions are...
Persistent link: https://www.econbiz.de/10009574875
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Will banks promote trade? : equilibrium selection for the trust game with banks
Güth, Werner; Ockenfels, Peter - 1998 - Rev.
The Trust Game describes a situation where mutually beneficial trade is endangered by opportunistic exploitation. In … according to which banks are not used at all. By applying the theory of equilibrium selection it is analysed which of the two … competing outcomes should be expected, i.e. whether or not banks can indeed promote trade. …
Persistent link: https://www.econbiz.de/10009578562
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Cost competition, fragmentation and globalization
Burda, Michael C.; Dluhosch, Barbara - 2001 - Rev.
This paper proposes a model in which the removal of barriers to trade and factor mobility is associated with endogenous … of production stages. While increased trade is likely to induce fragmentation when the number of firms is fixed, free … entry can either reverse or intensify this result. -- International Trade ; Organization of Production ; Technology Choice …
Persistent link: https://www.econbiz.de/10009613595
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Quantile hedging
Föllmer, Hans; Leukert, Peter - 1998
In a complete financial market every contingent claim can be hedged perfectly. In an incomplete market it is possible to stay on the safe side by superhedging. But such strategies may require a large amount of initial capital. Here we study the question what an investor can do who is unwilling...
Persistent link: https://www.econbiz.de/10009574876
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On model based seasonal adjustment procedures
Breitung, Jörg - 1998
In this note the unobserved component approach underlying the software package SEATS is compared with the Beveridge-Nelson type of decomposition for seasonal time series. The main strength of the SEATS approach lies in the appealing model formulation and the careful specification and adjustment...
Persistent link: https://www.econbiz.de/10009574877
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The monetary model of the exchange rate : a structural interpretation
Moersch, Mathias; Nautz, Dieter - 1998
We emphasize the importance of properly identifying the long-run relations underlying the monetary model of the exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows an interpretation of the various channels affecting the...
Persistent link: https://www.econbiz.de/10009574885
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Sequential versus independent commitment : an indirect evolutionary analysis of bargaining rules
Güth, Werner - 1998 - Rev.
Rational bargaining behavior depends crucially on the rules of bargaining, especially on whether parties decide sequentially or independently. Whereas in ultimatum bargaining the proposer can exploit the responder, independent commitments result in more balanced payoffs. To limit the scope of...
Persistent link: https://www.econbiz.de/10009574886
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Smooth discrimination analysis
Mammen, Enno; Cybakov, Aleksandr B. - 1998
Discriminant analysis for two data sets in IRd with probability densities f and g can be based on the estimation of the set G = {x : f(x) ≥ g(x)}. We consider applications where it is appropriate to assume that the region G has a smooth boundary. In particular, this assumption makes sense if...
Persistent link: https://www.econbiz.de/10009574887