that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability … provide relevant analytic foundations, describing sufficient conditions under which prediction markets prices correspond with … prices are usually close to the mean beliefs of traders. The key parameters driving trading behavior in prediction markets …

currency futures, government bonds and equity index futures. The results strongly reject the normal-DCC model in favour of a t …

Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets … where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted …