a trade and its relation to the trading intensity.While the price impact curve for frequently traded stocks … show that, for infrequently traded stocks, it may take several days before the full information price that follows a trade …

market. The paper demonstrates that in such a structure allowing trade in emission permits is not necessarily beneficial. In …

Asymmetric information models predict comovements among trade characteristics such as returns, bid-ask spread, and … trade volume on one hand and the trading intensity on the other hand.In this paper we investigate empirically the two …-sided causality between trade characteristics and trading intensity.We apply a VAR-model for returns, bid-ask spread, trade volume …

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and … decrease in the number of unions) triggers two opposite effects on real wages, unemployment and inflation. It reduces the … competition effect" raises real wages, unemployment and in°ation. But the decrease in the number of unions also strengthens the …

-off policy of firms can explain the relatively high level of unemployment amongst lower educated workers and the relatively … strong sensitivity of their unemployment rate to the business cycle. We find that lay-off rates decrease with education but … with a higher level of education can not explain the stronger cyclicality of the unemployment rate for lower educated …

wage tax such that the marginal tax wedge remains unaffected|increases employment, reduces the equilibrium unemployment … of replacing employment taxes by payroll taxes increases employment and reduces the equilibrium unemployment rate, while …

greater the productivity gap from the leader country, but differences in unemployment benefit systems can lead to relative … social welfare benefits generate high unemployment and reduce the amount of labour employed for R&D purposes. Furthermore, it …