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Econometric issues in the analysis of contagion

Pesaran, M. Hashem; Pick, Andreas - 2004

This paper presents a canonical, econometric model of contagion and investigates the conditions under which contagion … the solution is not unique, and for sufficiently large values of the contagion coefficients it has interesting bifurcation … contagion effects in the presence of inter-dependencies the equations for the individual markets or countries must contain …

Persistent link: https://www.econbiz.de/10011402451

Harvesting a remote renewable resource

Bayındır-Upmann, Thorsten; Behringer, Stefan - 2017

In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere all the time. In some cases though, it is more realistic to assume that the resource is located at a single point in space and that...

Persistent link: https://www.econbiz.de/10011749978

Climate change and migration : a dynamic model

Mason, Charles F. - 2016 - This version: October 9, 2016

In this paper I explore a model where citizens of a country vulnerable to damages from climate change may migrate to a second country, from which a steady stream of greenhouse gases occur. If this migration imposes costs on the emitting country, then migration induces a sort of pseudo carbon...

Persistent link: https://www.econbiz.de/10011551102

Experimentation in two-sided markets

Peitz, Martin; Rady, Sven; Trepper, Piers - 2015

We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...

Persistent link: https://www.econbiz.de/10010518802

Sinking land : Optimal control of subsidence

Sen, Suphi; Verhoeven, Dewy; Weikard, Hans-Peter - 2023

Land subsidence threatens the living conditions of roughly 1.2 billion people worldwide in deltaic regions characterized by soft top soil. Economic activity in deltaic regions requires lowering the groundwater levels to keep the land sufficiently dry to maintain productivity, which, however,...

Persistent link: https://www.econbiz.de/10014382946

Risk-sharing and contagion in networks

Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando - 2014 - This version: January 15, 2014

We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays "fat" tails, extreme segmentation into small components is optimal, while minimal...

Persistent link: https://www.econbiz.de/10010260030

Contagion testing in embryonic markets under alternative stressful US market scenarios

Mahadeo, Scott M. R.; Heinlein, Reinhold; Legrenzi, … - 2019

contagion tests for recipient markets vulnerable to disturbances from this source market. The S&P 500 is decomposed into …

Persistent link: https://www.econbiz.de/10012156543

Contagious exporting and foreign ownership : evidence from firms in Shanghai using a Bayesian spatial bivariate probit model

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2018

contagion and spillovers in exporting and in foreign ownership decisions within an area of 10 miles in the city of Shanghai … amplify fixed-cost reductions for both exporting as well as foreign ownership of neighboring firms. Contagion among exporters …

Persistent link: https://www.econbiz.de/10011822884

The social dynamics of collective action : evidence from the captain swing riots, 1830-31

Aidt, Toke; Leon, Gabriel; Satchell, Max - 2017

in exposure to news about the uprising, allowing us to estimate the role of contagion in the spread of the riots. We find … that local (rather than national) sources of information were central in driving contagion, and that this contagion …

Persistent link: https://www.econbiz.de/10011761593

Energy contagion in the COVID-19 crisis

Heinlein, Reinhold; Legrenzi, Gabriella; Mahadeo, Scott … - 2020

time of the COVID-19 pandemic. We provide evidence in favour of energy contagion, in term of significantly higher …

Persistent link: https://www.econbiz.de/10012226706