Showing 41 - 50 of 141
We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s reform between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China’s education policy...
Persistent link: https://www.econbiz.de/10009477535
Heterogeneity, i.e., the notion that individuals respond differently to economic stimuli, can have profound … grouping techniques that can be used to account for heterogeneity in financial behavior. Two are well established: company … participants behave in a similar manner may consider using of mixture model in the presence of heterogeneity in financial behavior. …
Persistent link: https://www.econbiz.de/10009446188
Heterogeneity in measurement model parameters across known groups can be modeled and tested using multigroup … characteristics to capture heterogeneity and have the potential to be used to test measurement invariance. The current study … sample sizes, more noninvariant factor loadings, and larger amounts of heterogeneity are needed to distinguish different …
Persistent link: https://www.econbiz.de/10009450755
We consider a quantity-setting duopoly market where firms lack perfect knowledge of the market demand function. They use estimated and therefore misspecified demand functions instead and determine their optimal strategies from the corresponding subjective payoff functions. The central issue of...
Persistent link: https://www.econbiz.de/10009452463
This paper investigates the performance of efficient portfolios in a financial market with heterogeneous investors including rational traders, noise traders, and chartists. A generalization of the security market line result states that, regardless of the diversity of beliefs, the portfolios of...
Persistent link: https://www.econbiz.de/10009452466
. Agent heterogeneity and market frictions are necessary to account for these facts. Chapter two introduces a two-sided search … model with ex-ante heterogeneity that generates within-skill wage differences and skill-related unemployment duration. The …
Persistent link: https://www.econbiz.de/10009483019
model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that … contracting farmers are heterogenous with respect to their risk aversion and that this heterogeneity affects the principal …
Persistent link: https://www.econbiz.de/10009483579
mechanism is based on the assumption of heterogeneity across firms. The resulting model performs better than existing frameworks …
Persistent link: https://www.econbiz.de/10009429001
El objetivo principal de este trabajo es, por un lado, proporcionar un conjunto de hechos estilizados sobre las regularidades de los patrones cíclicos en España en relación con los de los principales países europeos y, por otro, analizar la sincronización de la evolución de las principales...
Persistent link: https://www.econbiz.de/10012525491
El objetivo principal de este trabajo es, por un lado, proporcionar un conjunto de hechos estilizados sobre las regularidades de los patrones cíclicos en España en relación con los de los principales países europeos y, por otro, analizar la sincronización de la evolución de las principales...
Persistent link: https://www.econbiz.de/10012525496