Showing 1 - 10 of 1,623
the viewers' equilibrium demand for high quality content. We find that, although consumers dislike advertisements, an …
Persistent link: https://www.econbiz.de/10013122127
and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived … demand for productive factors, the distribution of factor incomes, and Marshall's Four Rules. This short paper notes that a …
Persistent link: https://www.econbiz.de/10012779812
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …
Persistent link: https://www.econbiz.de/10013054497
In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that … demand. The presence of a cost of firing or hiring as in Bagliano & Bertola (2004) generates an intertemporal element to a …
Persistent link: https://www.econbiz.de/10012986173
In this paper we conduct a counterfactual analysis and estimate the quantitative importance of demand and supply … isolate the impact of capital-skill complementarity (i.e., demand effects) and varying skill-specific labor supply (i …
Persistent link: https://www.econbiz.de/10013316312
, and the demand for private and public child care are simultaneously endogenized and intertemporally determined. We …
Persistent link: https://www.econbiz.de/10013317379
unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over … individuals' lifetimes. The presence of demand type heterogeneity leads to the possibility that optimal GR contracts may have a … whose type turns out to be high risk but low demand renew more of their GR insurance than is efficient due to the attractive …
Persistent link: https://www.econbiz.de/10012913273
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...
Persistent link: https://www.econbiz.de/10013125691
Prediction markets - markets used to forecast future events - have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their utilization by...
Persistent link: https://www.econbiz.de/10013103608
We have argued that from the standpoint of a policy maker, the uncertainty of using the average forecast is not the variance of the average, but rather the average of the variances of the individual forecasts that incorporate idiosyncratic risks. With a slight reformulation of the loss function...
Persistent link: https://www.econbiz.de/10013017623