This paper deals with the impact of the arrival of public information on the intraday trading of highly liquid stocks quoted on the Paris Bourse.

Ziel dieser Studie ist die Analyse der Entwicklung der Preiskonvergenz und der Informationseffizienzim deutschen Gasgroßhandelsmarkt im Anschluss an die Einführung desZweivertragsmodells. Die Untersuchungen zur Preiskonvergenz stützen sich auf dieJohansen Methode und den Ansatz zeitvarianter...

Im Zuge der mit der Marktbeobachtung einhergehenden statistischen Datenaufbereitungdiskutiert die Bundesnetzagentur seit einiger Zeit mit den Eisenbahnunternehmendie Entwicklung der realen Eisenbahninfrastrukturkosten sowie mögliche Varianten einesgeeigneten Inputpreisindex. Ein solcher Index...

Agents compete to solve a problem. Each agent knows own computational capacityas private information and simultaneously chooses either a risky or a safe problemsolving method. This paper analyzes the optimal prize schemes from the perspectiveof the prize designer who wishes to …nd a solution as...

In the data, individual prices change frequently and by large amounts. In standardsticky price models, frequent and large price changes imply a fast response of the aggregate price level to nominal shocks. This paper presents a model in which price setting firms optimally decide what to observe,...

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector...

This paper develops a sequential learning estimator of production functions and productivitydynamics for unbalanced establishment panels. Extending an idea from the literatureon dynamic industry models, establishments are uncertain about their own idiosyncraticproductivities and update...

This paper posits that significant changes in 19th century British recreational travel patternsresulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure.Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce...

The chapter focuses on household production theory and models for non-agriculturalhouseholds, largely in developed countries. The objectives of the paper are: (1) to presentseveral types of microeconomic models of household decision making and highlight theirimplications for empirical food...