Narrow search
Showing 1 - 10 of 573
Cover Image
Volatility-price relationships in power exchanges: A demand-supply analysis
Sapio, Sandro - 2008
technology fundamentals. Negative volatility-price dependence arises if the market dynamics is accounted for by common shocks … under certain conditions, these volatility-price patterns can be used to identify the exercise of market power …The evidence of volatility-price dependence observed in previous works (Karakatsani and Bunn 2004; Bottazzi, Sapio and …
Persistent link: https://www.econbiz.de/10010328635
Cover Image
Voter involvement, fiscal autonomy and public sector efficiency: evidence from German municipalities
Geys, Benny; Heinemann, Friedrich; Kalb, Alexander - 2009
Social and/or political involvement within the population is often argued to enhance public sector performance. The underlying idea is that engagement fosters political awareness and interest and increases the public’s monitoring ability. Still, weak fiscal autonomy can undermine voters’...
Persistent link: https://www.econbiz.de/10010307014
Cover Image
The economics of a "mixed blessing" effect: A case study of the Black Sea
Knowler, Duncan; Barbier, Edward B. - 2002
nutrients directly into fish population dynamics, the problem is formulated in deterministic and stochastic terms. The … stochastic model recognizes that the planner may take into account the probability of potentially damaging shifts in ecological …
Persistent link: https://www.econbiz.de/10011335671
Cover Image
The delay effect in a stochastic multiplier-accelerator model
Dassios, Ioannis; Zimbidis, Alexandros; Kontzalis, … - In: Journal of Economic Structures 3 (2014), pp. 1-24
factors are stochastic variables. Then stochastic delayed difference equations of higher order are employed to describe the …
Persistent link: https://www.econbiz.de/10011552009
Cover Image
Asset allocation by penalized least squares
Manganelli, Simone - 2007
This paper shows how the problem of mean-downside risk portfolio allocation can be cast in terms of penalized least squares (PLS). The penalty is given by a power function of the returns below a certain threshold. We derive the asymptotic properties of the PLS estimator, allowing for possible...
Persistent link: https://www.econbiz.de/10011604769
Cover Image
The Peter Principle: A Theory of Decline
Lazear, Edward P. - 2003
Some have observed that individuals perform worse after being promoted. The Peter Principle, which states that people are promoted to their level of incompetence, suggests that something is fundamentally misaligned in the promotion process. This view is unnecessary and inconsistent with the...
Persistent link: https://www.econbiz.de/10010262717
Cover Image
Difficulties in testing for capital overaccumulation
Kocherlakota, Narayana Rao - In: Quantitative Economics 15 (2024) 1, pp. 89-114
This paper reconsiders the question of testing for the presence of Pareto suboptimal capital overaccumulation in overlapping generations economies. The paper allows generation-specific technology shocks to evolve over time according to a stationary Markov chain, and assumes that an...
Persistent link: https://www.econbiz.de/10014536979
Cover Image
Vehicle allocation problem with uncertain transportation requests over a multi-period rolling horizon
Crama, Yves; Pironet, Thierry Léon Augustin - In: Logistics Research 12 (2020) 1, pp. 1-13
benefit of the stochastic model is highlighted: our results show that the the information about future, uncertain orders … contained in the stochastic part of the horizon can be used to generate improved profits. Robustness against misspecified …
Persistent link: https://www.econbiz.de/10014542227
Cover Image
Economic Similarities and their Application to Inflation
Addie, Ron; Taranto, Aldo - 2024
An economic similarity between two economies is defined, which is a correspondence between the futures of two economies in which all, or a certain subset of all acts of production and consumption, are the same. Prices and inflation can be different in similar economies so an economic similarity...
Persistent link: https://www.econbiz.de/10014475327
Cover Image
Investors' behavior in alternative asset classes
Papavasiliou, Ellie; Topaloglou, Nikolas; Tsomidis, Georgios - In: SPOUDAI - Journal of Economics and Business 72 (2022) 3/4, pp. 3-55
Averse types of investors. We develop a stochastic spanning approach for each type of investor. Using the Stochastic Spanning …
Persistent link: https://www.econbiz.de/10014477251