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Simultaneous search and network efficiency

Gautier, Pieter; Holzner, Christian - 2011

Persistent link: https://www.econbiz.de/10009720781

International assortative matchingin the European labor market

Peeters, Thomas; Ours, Jan C. van - 2022

We investigate whether national borders within Europe hinder the assortative matching of workers to firms in a high … productivity estimates and study the ensuing rank correlation to gauge the degree of assortative matching within and across … countries. We find strong evidence for positive assortative matching at the national level, and even more so at the …

Persistent link: https://www.econbiz.de/10013359032

The forward premium puzzle only emerges gradually

Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2007

The forward premium puzzle (FPP) is the negative correlation between the forward premium and the realized exchange rate return at maturities of a month and beyond. Some recent evidence shows that at maturities of multiple years and at the highest intra day frequency the correlation is positive...

Persistent link: https://www.econbiz.de/10011372514

Bubble formation and (in)efficient markets in learning-to-forecast and -optimise experiments

Te, Bao; Hommes, Cars H.; Makarewicz, Tomasz - 2015

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects (1) submit a price forecast only, (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the...

Persistent link: https://www.econbiz.de/10011333057

Financial markets as nonlinear adaptive evolutionary systems

Hommes, Cars H. - 2001

Recent work on complex adaptive systems for modeling financialmarkets is surveyed. Financia1 markets areviewed as evolutionary systems between different, competing tradingstrategies. Agents are boundedly rational inthe sense that they tend to follow strategies that have performedwell, according...

Persistent link: https://www.econbiz.de/10011313923

Financial markets as nonlinear adaptive evolutionary systems

Hommes, Cars H. - 2000

Persistent link: https://www.econbiz.de/10001554477

Exclusive portfolio dealing and market inefficiency

Kessler, Natalie; Lelyveld, Iman van; Woerd, Ellen van der - 2024

We rationalize exclusive portfolio dealing in a novel three-period partial equilibrium framework populated by a representative, risk-neutral seller and a small number of ex ante identical broker-dealers. Endowed with independent, uncertain demand for a representative asset, the broker-dealers...

Persistent link: https://www.econbiz.de/10014496480

Do auctions select efficient firms?

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2007

Persistent link: https://www.econbiz.de/10003408800

Technological inefficiency and the skewness of the error component in stochastic frontier analysis

Carree, Martin Anthony - 2002

This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontieranalysis. It takes as example the binomial distribution that can have negative or positive skewand derives...

Persistent link: https://www.econbiz.de/10011326413

Preference elicitation in generalized data envelopment analysis : in search of a new energy balance in Japan

Suzuki, Soushi; Nijkamp, Peter; Rietveld, Piet - 2013

The recent dramatic change in energy supply in Japan has prompted a search for a new energy-environment-economic efficiency policy, in which a compromise has to be found between a sufficient supply of energy resources, the development of low carbon emission technology, and a continuation of...

Persistent link: https://www.econbiz.de/10010224813