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Why is the Workplace Racially Segregated by Occupation?

Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2012

by economic theory, but “the hypothesis of employer discrimination does not at all explain segregation by occupation … theory foundations, insofar as they impose a utility indicator function as a primitive concept via persuasion, rather than … to discriminate. Economic theory is, therefore, endogenously color-blind, race-blind, gender-blind, ethnicity-blind, and …

Persistent link: https://www.econbiz.de/10011260187

A Flexible State Space Model and its Applications

Qian, Hang - Volkswirtschaftliche Fakultät, … - 2012

The standard state space model (SSM) treats observations as imprecise measures of the Markov latent states. Our flexible SSM treats the states and observables symmetrically, which are simultaneously determined by historical observations and up to first-lagged states. The only distinction between...

Persistent link: https://www.econbiz.de/10011108582

A note on implementing the Durbin and Koopman simulation smoother

Jarocinski, Marek - Volkswirtschaftliche Fakultät, … - 2014

The correct implementation of the Durbin and Koopman simulation smoother is explained. A possible misunderstanding is pointed out and clarified for both the basic state space model and for its extension that allows time-varying intercepts (mean adjustments).

Persistent link: https://www.econbiz.de/10011108875

The Dynamics of Inflation and GDP Growth: A Mixed Frequency Model Approach

Franco, Ray John Gabriel; Mapa, Dennis S. - Volkswirtschaftliche Fakultät, … - 2014

Frequency mismatch has been a problem in econometrics for quite some time. Many monthly economic and financial indicators are normally aggregated to match quarterly macroeconomic series such as GDP when analysed in a statistical model. However, temporal aggregation, although widely accepted, is...

Persistent link: https://www.econbiz.de/10011114497

Bargaining and collusion in a regulatory relationship

Fiocco, Raffaele; Gilli, Mario - Volkswirtschaftliche Fakultät, … - 2014

We investigate regulation as the outcome of a bargaining process between a regulator and a regulated firm. The regulator is required to monitor the firmâ€™s costs and reveal its information to a political principal (Congress). In this setting, we explore the scope for collusion between the...

Persistent link: https://www.econbiz.de/10011140957

The strategic value of partial vertical integration

Fiocco, Raffaele - Volkswirtschaftliche Fakultät, … - 2014

We investigate the incentive for partial vertical integration, namely, partial ownership agreements between manufacturers and retailers, when the retailers are privately informed about their production costs and engage in differentiated good price competition. Partial vertical integration...

Persistent link: https://www.econbiz.de/10011140966

Procurement and Predation: Dynamic Sourcing from Financially Constrained Suppliers

Arve, Malin - Volkswirtschaftliche Fakultät, … - 2013

This paper studies the interaction between financially constrained and financially strong firms on a procurement market. It characterizes and discusses a procurement agencyâ€™s optimal response when faced with financially asymmetric firms. By considering a dynamic setting, both present and...

Persistent link: https://www.econbiz.de/10011140980

Theory of civil war under asymmetric information

Jellal, Mohamed - Volkswirtschaftliche Fakultät, … - 2014

In this paper, we consider a model that suggests that the theory of exchange with asymmetric information seems suitable …

Persistent link: https://www.econbiz.de/10011107840

Disclosure of environmental information and investments of firms

Iwata, Hiroki - Volkswirtschaftliche Fakultät, … - 2014

In recent years, voluntary approaches are expected to function as new environmental protection tools. This article analyzes whether environmental information of firms should be mandatorily disclosed or disclosed voluntarily, where consumers consider the environmental burdens of firms when buying...

Persistent link: https://www.econbiz.de/10011108295

Locational signaling and agglomeration

Berliant, Marcus; Chia-Ming, Yu - Volkswirtschaftliche Fakultät, … - 2014

Agglomeration can be caused by asymmetric information and a locational signaling effect: The location choice of workers signals their productivity to potential employers. The cost of a signal is the cost of housing at that location. When workers' marginal willingness to pay for housing is...

Persistent link: https://www.econbiz.de/10011108365