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Collusion by algorithm: the role of unobserved actions

Martin, Simon; Rasch, Alexander - 2022

We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative …

Persistent link: https://www.econbiz.de/10013093034

The UK's great demand and supply recession

Jacob, Nick; Mion, Giordano - 2020

framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …

Persistent link: https://www.econbiz.de/10012387534

The elasticity of derived demand, factor substitution and product demand : corrections to Hicks' formula and Marshall's four rules

Chirinko, Robert S. (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364306

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

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Forecast uncertainties in macroeconometric modelling : an application to the UK economy

Pesaran, M. Hashem - 2000

This paper argues that probability forecasts convey information on the uncertainties that surround macroeconomic forecasts in a manner which is straightforward and which is preferable to other alternatives, including the use of confidence intervals. Probability forecasts relating to UK output...

Persistent link: https://www.econbiz.de/10009781626

Biased forecasts and voting : the Brexit referendum case

Bizzotto, Jacopo; Cipullo, Davide; Reslow, André - 2024 - This version: July 1, 2024

This paper explores whether professional macroeconomic forecasters manipulate their forecasts to influence voting outcomes. We model a referendum in which a voter chooses between two policies. The voter relies on a forecaster to learn about the macroeconomic consequences of the policies. The...

Persistent link: https://www.econbiz.de/10014583811

Approximate expected utility rationalization

Echenique, Federico; Imai, Taisuke; Saito, Kota - 2018

We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty. In a revealed preference setup, and given a positive number e, we provide a characterization of the datasets whose deviation (in beliefs, utility, or perceived prices) is...

Persistent link: https://www.econbiz.de/10011931433

A Jackknife Model Averaging analysis of RMB misalignment estimates

Cheung, Yin-Wong; Wang, Wenhao - 2019

We adopt the Jackknife Model Averaging (JMA) technique to conduct a meta-regression analysis of 925 renminbi (RMB) misalignment estimates generated by 69 studies. The JMA method accounts for model selection and sampling uncertainties, and allows for non-nested model specifications and...

Persistent link: https://www.econbiz.de/10012103616

Meta-analysis of present-bias estimation using convex time budgets

Imai, Taisuke; Rutter, Tom; Camerer, Colin - 2019

We examine 220 estimates of the present-bias parameter from 28 articles using the Convex Time Budget protocol. The literature shows that people are on average present biased, but the estimates exhibit substantial heterogeneity across studies. There is evidence of modest selective reporting in...

Persistent link: https://www.econbiz.de/10012120276

The economic effects of density : a synthesis

Ahlfeldt, Gabriel M.; Pietrostefani, Elisabetta - 2017

This paper synthesises the state of knowledge on the economic effects of density. We consider 15 outcome categories and 209 estimates of density elasticities from 103 studies. More than 50% of these estimates have not been previously published and have been provided by authors on request or...

Persistent link: https://www.econbiz.de/10011752552

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