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Gold, Oil, and Stocks: Dynamic Correlations

Baruník, Jozef; Kocenda, Evžen; Vácha, Lukáš - CESifo - 2015

We employ a wavelet approach and conduct a time-frequency analysis of dynamic correlations between pairs of key traded assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily data. We show that heterogeneity in correlations...

Persistent link: https://www.econbiz.de/10011272625

Gold, Oil, and Stocks : Dynamic Correlations

Baruník, Jozef - 2015

Persistent link: https://www.econbiz.de/10013023110

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2012

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …

Persistent link: https://www.econbiz.de/10010559785

Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - CESifo - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …

Persistent link: https://www.econbiz.de/10010877815

Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2011

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …

Persistent link: https://www.econbiz.de/10008872210

Pareto Improvement through Unilateral Matching of Public Good Contributions : The Role of Commitment

Buchholz, Wolfgang - 2014

Persistent link: https://www.econbiz.de/10013051271

Interior matching equilibria in a public good economy : an aggregative game approach

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - In: Journal of public economics 95 (2011) 7/8, pp. 639-645

Persistent link: https://www.econbiz.de/10009270537

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyze their effect …

Persistent link: https://www.econbiz.de/10013315882

Existence and Warr Neutrality for Matching Equilibria in a Public Good Economy : An Aggregative Game Approach

Buchholz, Wolfgang - 2010

under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make … is a crucial determinant for the existence of interior matching equilibria. In addition, we explore which matching … optimal solutions through matching …

Persistent link: https://www.econbiz.de/10013149366