Narrow search
Showing 1 - 10 of 154
Cover Image
Rationalität und Qualität von Wirtschaftsprognosen ; Rationality and Quality of Economic Forecasts
Scheier, Johannes - 2015
Wirtschaftsprognosen sollen die Unsicherheit bezüglich der zukünftigen wirtschaftlichen Entwicklung mindern und Planungsprozesse von Regierungen und Unternehmen unterstützen. Empirische Studien bescheinigen ihnen jedoch in aller Regel ein unbefriedigendes Qualitätsniveau. Auf der Suche nach...
Persistent link: https://www.econbiz.de/10011288103
Cover Image
Essays on the Macroeconomics of Incomplete Information
Melosi, Leonardo - 2010
firms have incomplete and dispersed information to study how monetary policy affects agents' beliefs. I estimate the model …
Persistent link: https://www.econbiz.de/10009438812
Cover Image
Are High-Tech Employment and Natural Amenities Linked?: Answers from a Smoothed Bayesian Spatial Model
Dorfman, Jeffrey H.; Patridge, Mark D.; Galloway, Hamilton - 2008
We investigate the recently advanced theory that high-technology workers are drawn to high amenity locations and then the high-technology jobs follow the workers. Using a novel data set that tracks high-technology job growth by U.S. county, we estimate spatial parameters of the response of job...
Persistent link: https://www.econbiz.de/10009443246
Cover Image
Structural Modeling of Marine Reserves with Bayesian Estimation
Smith, Martin D.; Zhang, Junjie; Coleman, Felicia C. - 2007
Structural models can assess the effectiveness of fishery management prospectively and retrospectively. However, when only fishery-dependent data are available, structural econometric models are highly nonlinear in the parameters, and maximum likelihood and other extremum-based estimators can...
Persistent link: https://www.econbiz.de/10009443357
Cover Image
Looking for Cattle and Hog Cycles through a Bayesian Window
Dorfman, Jeffrey H.; Park, Myung D. - 2009
The agricultural economics literature, both academic and trade, has discussed theassumed presence of cycles in livestock markets such as cattle and hogs for a very longtime. Since Jarvis (1974), there has been considerable discussion over how these cyclesimpact optimal economic decision making....
Persistent link: https://www.econbiz.de/10009444702
Cover Image
Does Futures Price Volatility Differ Across Delivery Horizon?
Karali, Berna; Dorfman, Jeffrey H.; Thurman, Walter N. - 2009
We study the difference in the volatility dynamics of CBOT corn, soybeans, and oatsfutures prices across different delivery horizons via the smoothed Bayesian estimatorof Karali, Dorfman, and Thurman (2010). We show that the futures price volatilitiesin these markets are affected by the...
Persistent link: https://www.econbiz.de/10009446386
Cover Image
Construction and Bayesian Estimation of DSGE Models for the Euro Area
Pytlarczyk, Ernest - 2006
Persistent link: https://www.econbiz.de/10009449670
Cover Image
A Bayesian Approach to Vector Autoregressive Model Estimation and Forecasting with Unbalanced Data Sets
Tutberidze, Davit; Japaridze, Dimitri - 2021
One disadvantage of vector autoregressive (VAR) models is that they require time series to have equal lengths in the estimation process. This requirement induces a loss of potentially valuable information coming from time series that are longer than others. The issue is particularly evident in...
Persistent link: https://www.econbiz.de/10012629809
Cover Image
When Advance Purchase need to be Made for Future Consumption – An Empirical Investigation of Consumer Choice under Bucket Pricing
Sun, Bao-Hong; Sun, Yacheng; Li, Shibo - 2006
form expectations of future consumption needs, learn to reduce uncertainty through experience, and make optimal advance … purchase decisions. Applying the model to an online DVD rental history data, we examine how consumption uncertainty may drive …, avoid stockouts and switching costs. Over time, consumers learn to reduce uncertainty but only those with lower switching …
Persistent link: https://www.econbiz.de/10009441184
Cover Image
Review of Tools for Incorporating Community Knowledge, Preferences, and Values into Decision Making in Natural Resources Management
Lynam, Timothy; De Jong, Wil; Sheil, Douglas; … - 2007
"We survey and evaluate selected participatory tools that have been proven effective in natural resources management and research during our extensive experience with forest communities. We first establish a framework for our analysis by identifying a set of criteria for evaluating each tool....
Persistent link: https://www.econbiz.de/10009468390