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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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Diff-in-diff in death : estimating and explaining artist-specific death effects
Ursprung, Heinrich W.; Zigova, Katarina - 2020
We investigate how an artist’s death impacts on the price of her artwork by estimating individual death effects of a …
Persistent link: https://www.econbiz.de/10012194643
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Buy-It-Now" or "Sell-It-Now" auctions : effects of changing bargaining power in sequential trading mechanisms
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2015
at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the "Sell-It-Now" format, it is the buyer. Both formats are extensively used in online and … auction. …
Persistent link: https://www.econbiz.de/10011406561
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Does laboratory trading mirror behavior in real world markets? : fair bargaining and competitive bidding on EBay
Bolton, Gary E. (contributor); Ockenfels, Axel (contributor) - 2008
Persistent link: https://www.econbiz.de/10003647263
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An empirical analysis of bundling and tying : over-the-counter pain relief and cold medicines : presented at CESifo Venice Summer Institute, Workshop on Recent Developments in Anti...
Evans, David S.; Salinger, Michael A. - 2004
We apply and extend the cost-based approach to bundling and tying under competition developed in Evans and Salinger (2004a) to over-the-counter pain relievers and cold medicines. We document that consumers pay much less for tablets with multiple ingredients than they would to buy tablets with...
Persistent link: https://www.econbiz.de/10011451375
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Inside the crystal ball : new approaches to predicting the gasoline price at the pump
Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016
Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and … policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available … information. We explore several new forecasting approaches for the U.S. retail price of gasoline and compare their accuracy with …
Persistent link: https://www.econbiz.de/10011429580
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What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated
Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003
-Frankel sticky price monetary model. First, the parameter estimates of the models are compared against the theoretically predicted …
Persistent link: https://www.econbiz.de/10011507659
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Real-time state-space method for computing smoothed estimates of future revisions of U.S. monthly chained CPI
Zadrozny, Peter A. - 2016
Well known CPI of urban consumers is never revised. Recently initiated chained CPI is initially released every month (ICPI), for that month without delay within BLS and for the previous month with one month delay to the public. Final estimates of chained CPI (FCPI) are released every February...
Persistent link: https://www.econbiz.de/10011474973
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Monetary policy and the stock market : time-series evidence
Neuhierl, Andreas; Weber, Michael - 2016
We construct a slope factor from changes in federal funds futures of different horizons. Slope predicts stock returns at the weekly frequency: faster monetary policy easing positively predicts excess returns. Investors can achieve increases in weekly Sharpe ratios of 20% conditioning on the...
Persistent link: https://www.econbiz.de/10011566444
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The yield spread puzzle and the information content of SPF forecasts
Lahiri, Kajal; Monokroussos, George; Zhao, Yongchen - 2012
While the yield spread has long been recognized as a good predictor of recessions, it seems to have been largely overlooked by professional forecasters. We examine this puzzle, established by Rudebusch and Williams (2009), in a data-rich environment including not just the yield spread but many...
Persistent link: https://www.econbiz.de/10009630664