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the case of metal crime, where in the face of big increases in value driven by world commodity prices, the incidence of … metal thefts in the UK (and elsewhere) rose very sharply in the 2000s. Early in the current decade, they fell sharply again … shows sizeable and significant metal crime-price elasticities, in line with the idea that changing economic returns do shape …
Persistent link: https://www.econbiz.de/10011853434
individuals' sleep time exhibits both variability and volatility characterized by stationary autoregressive conditional … young children at home. Volatility is greater among parents with young children, slightly greater among men than women, but … rates. Volatility in sleep spills over onto volatility in other personal activities, with no reverse causation onto sleep …
Persistent link: https://www.econbiz.de/10012805079
individual effects on economic growth and volatility using the power-ARCH framework with annual data since the 1890s. The results …
Persistent link: https://www.econbiz.de/10010440609
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium …
Persistent link: https://www.econbiz.de/10014246740
increasing demand for metals like copper and lithium due to the growth in renewable energies and electromobility, metal abundant … heavily on China. In addition, bitcoin shocks seem to have also contributed to Chile's transition to a metals-based economy …, likely as a result of bitcoin's extensive use of energy and the uncertainty and volatility that characterize post-covid times. …
Persistent link: https://www.econbiz.de/10014230169
In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows...
Persistent link: https://www.econbiz.de/10011411238
While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...
Persistent link: https://www.econbiz.de/10003310964
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...
Persistent link: https://www.econbiz.de/10003333109
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 as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10003289880
In September 2002, a new market in "Economic Derivatives" was launched allowing traders to take positions on future values of several macroeconomic data releases. We provide an initial analysis of the prices of these options. We find that market-based measures of expectations are similar to...
Persistent link: https://www.econbiz.de/10003227221