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Every year during the second and thirdquarters (the hot seasonʺ) housing markets in the UK and the US experience systematic above-trend increases in both prices and transactions. During the fourth and first quarters (the cold seasonʺ), house prices and transactions fall below trend. We propose...
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a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using …
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This paper studies the welfare effects of wholesale price discrimination between downstream firms operating under … downstream firms may be due to regulatory or technological asymmetries. Price discrimination reduces regulatory distortions but … may lower productive efficiency. Therefore, price discrimination increases welfare if regulation is the dominant source of …
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Recent releases of X-13ARIMA-SEATS and JDemetra+ enable their users to choose between the non-parametric X-11 and the parametric ARIMA model-based approach to seasonal adjustment for any given time series without the necessity of switching between different software packages. To ease the...
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Currently, the methods used by producers of official statistics do not facilitate the seasonal and calendar adjustment of daily time series, even though an increasing number of series with daily observations are available. The aim of this paper is the development of a procedure to estimate and...
Persistent link: https://www.econbiz.de/10011916897