Showing 1 - 10 of 100
This paper examines long-range dependence in the inflation rates of the G7 countries by estimating their (fractional) order of integration d over the sample period January 1973 - March 2020. The results indicate that the series are very persistent, the estimated value of d being equal to or...
Persistent link: https://www.econbiz.de/10012831651
This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods to quarterly data (both seasonally adjusted and unadjusted) from 2000q1 to 2020q4. The obtained evidence points to high levels of persistence in all cases. With seasonally...
Persistent link: https://www.econbiz.de/10013322015
This paper provides a new picture of how countries have responded to the COVID-19 pandemic by examining the effects of the pandemic in terms of normative foundations for societal wellbeing. Social prosperity depends primarily on the functioning of four domains: the economy, the state, civil...
Persistent link: https://www.econbiz.de/10013227608
In this paper, we investigate the impact of trade and financial liberalization on the degree of stock market co-movement among emerging economies. Using a sample of 25 developing countries observed over 15 years, we estimate the impact of reforms which aim at opening these countries to trade and...
Persistent link: https://www.econbiz.de/10013316796
Recent empirical evidence shows that most international prices are sticky in dollars. This paper studies the optimal policy implications of this fact in the context of an open economy model, allowing for an arbitrary structure of asset markets, general preferences and technologies, time-or...
Persistent link: https://www.econbiz.de/10012834360
-period setting where the market displays a competitive and a sheltered segment. A ban on higher-prices-to-sheltered-consumers … may harm the dominant firm's profits. We show that a ban on higher-prices-to-sheltered-consumers increases the dominant …
Persistent link: https://www.econbiz.de/10010264285
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The … market segmentation with the new situation where consumers can purchase from abroad (allowing for passive sales). Clearly …
Persistent link: https://www.econbiz.de/10010291542
We consider a duopoly model where firms can identify only a share of consumers, which is positively correlated with the … consumer’ preferences. Firms charge personalized prices to the consumers they can recognize and a uniform price to the rest of … consumers. The firms’ available information is given by the combination of two factors: the intensive margin, which determines …
Persistent link: https://www.econbiz.de/10014348131
Two duopolists compete in price on the market for a homogeneous product. They can 'profile' consumers, i.e., identify … their valuations with some probability. If both firms can profile consumers but with different abilities, then they achieve … consumers, or for data brokers to sell different customer analytics to competing firms. Consumers prefer that both firms profile …
Persistent link: https://www.econbiz.de/10012858202
downstream consumers in regulated and deregulated markets …
Persistent link: https://www.econbiz.de/10012892212