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The exchange rate in a model with heterogeneous agents and transactions costs
De Grauwe, Paul; Grimaldi, Marianna - 2002
In this paper we develop a model of the exchange rate. The existence of transactions costs introduces an important non-linearity. Agents have different beliefs about the future exchange rate. We show that this simple model creates great complexity in the market which is characterised by the fact...
Persistent link: https://www.econbiz.de/10011539052
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Bubbles and crashes in a behavioural finance model
De Grauwe, Paul; Grimaldi, Marianna - 2004
We develop a simple model of the exchange rate in which agents optimize their portfolio and use different forecasting rules. They check the profitability of these rules ex post and select the more profitable one. This model produces two kinds of equilibria, a fundamental and a bubble one. In a...
Persistent link: https://www.econbiz.de/10011401333
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The equity trap, the cost of capital and the firm's growth path
Lindhe, Tobias (contributor); Södersten, Jan (contributor) - 2006
Persistent link: https://www.econbiz.de/10003377163
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Exchange rates dynamics in a target zone : a heterogeneous expectations approach
Bauer, Christian (contributor); De Grauwe, Paul (contributor) - 2007
Persistent link: https://www.econbiz.de/10003598631
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Beyond the dogma of the fixed book price agreement
Ploeg, Frederick van der - 2003
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...
Persistent link: https://www.econbiz.de/10011507914
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Mergers and partial ownership
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
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Negative intra-group externalities in two-sided markets
Belleflamme, Paul (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498634
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Talk or text? : evaluating response rates by remote survey method during Covid-19
Amaral, Sofia; Dinarte-Diaz, Lelys; Domínguez, Patricio; … - 2022
Researchers and policy makers face significant challenges in selecting a method to conduct remote surveys, especially when collecting sensitive information or during turbulent life stages of hard-to-reach groups. In the context of the COVID-19 lockdown, we randomly selected about 600 adults in...
Persistent link: https://www.econbiz.de/10012798208
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Contest for attention in a quality-ladder model of endogenous growth
Grossmann, Volker - 2003
marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it … are consistent with empirical evidence. First, if firms incur higher sunk costs for marketing, concentration and firm … become excessive, whereas being inefficiently low in the benchmark case without marketing. This has non-trivial consequences …
Persistent link: https://www.econbiz.de/10011509334
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Educating Europe
Poutvaara, Panu - 2004
The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union could overcome this by allowing member states to institute graduate taxes or income-contingent loans, collected also from migrants. This paper presents calculations on how a...
Persistent link: https://www.econbiz.de/10011404287