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Network centrality and stock market volatility : the impact of communication topologies on prices

Hein, Oliver; Schwind, Michael; Spiwoks, Markus - In: Journal of finance and investment analysis 1 (2012) 1, pp. 199-232

We investigate the impact of agent communication networks on prices in an artificial stock market. Networks with different centralization measures are tested for their effect on the volatility of prices. Trading strategies diffuse through the different network topologies, mimetic contagion...

Persistent link: https://www.econbiz.de/10010079539

Dynamic speculative behaviors and mortgage bubbles in the real estate market of mainland China

Wang, Sheng - In: Journal of finance and investment analysis 1 (2012) 1, pp. 1-54

It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...

Persistent link: https://www.econbiz.de/10010079547

The future of retirement and the pension system : how the public’s expectations vary over time and across socio-economic groups

Bissonnette, Luc; Soest, Arthur van - In: IZA Journal of European Labor Studies 1 (2012), pp. 1-21

We analyze expectations of the Dutch population ages 25 and older concerning future generosity of state and … until 2012 on individuals’ subjective expectations concerning changes between now and ten or twenty years from now in the … security benefits, and the average retirement age ten or twenty years from now. We find significant variation in expectations …

Persistent link: https://www.econbiz.de/10010082266

The relationship between savings and economic growth in countries with different level of economic development

Misztal, Piotr - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 2, pp. 17-29

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced economies and in emerging and developing countries2. In this work we used the method based on studies in macroeconomics and international finance as well as econometric methods...

Persistent link: https://www.econbiz.de/10009959715

Initial endowment effects in multi-unit vickrey auctions

Akaichi, Faical; Nayga, Rodolfo M.; Gil, José M. - In: Advances in management & applied economics 2 (2012) 4, pp. 41-55

We report the result of experiments designed to assess the effect of initial endowments on willingness to pay values elicited from multi-unit Vickrey auctions. Comparing bids from an “endow and upgrade” approach with the “full bidding” approach, we find that the direction of the...

Persistent link: https://www.econbiz.de/10010097673

La teoría de juegos conductual, el dilema del viajero alternativo y la maximización de pagos

Moro, Rodrigo; Freidin, Esteban; Tohmé, Fernando; … - In: Estudios de economía 38 (2011) 2, pp. 457-473

Within the area of Behavioral game theory, we focus on a specific context, namely, on a game we called the Alternative traveler’s dilemma. In this context, we observe that participants tend to choose strictly dominated strategies. In order to explain similar tendencies in other games,...

Persistent link: https://www.econbiz.de/10010049042

Inequality of outcomes vs inequality of opportunities in a developing country : an exploration analysis for Chile

Núñez, Javier; Tartakowsky, Andrea - In: Estudios de economía 34 (2007) 2, pp. 185-202

We apply a variation of Bourguignon, Meléndez and Ferreira (2005) methodology to examine the extent to which income inequality is associated with the inequality of observed exogenous circumstances of origin that determine individuals' "opportunities" to pursue their chosen life plans. We find...

Persistent link: https://www.econbiz.de/10009959081

Evaluando reformas tributarias en Chinle con un modelo CGE

Mardones Poblete, Cristian - In: Estudios de economía 37 (2010) 2, pp. 243-284

This paper makes a quantitative assessment of possible reforms to the Chilean tax system. The simulations are based on a recursive dynamic computable general equilibrium model that is calibrated with the input-output matrix 2003. For each scenario is considered a cut effective rate of value...

Persistent link: https://www.econbiz.de/10009959111

Getting ahead, falling behind and standing still : income mobility in Chile

Castro, Rodrigo - In: Estudios de economía 38 (2011) 1, pp. 243-258

This paper analyses household income mobility in Chile between 1996 and 2001. Compared to industrialized and most developing countries, mobility has been quite high. The purpose of this paper is to apply a binomial probit model and split analysis into assessment of individuals and households on...

Persistent link: https://www.econbiz.de/10009959118

Análisis de la evolución temporal de las desigualdades con datos irregulares

Callealta Barroso, Francisco Javier; Fedriani Martel, … - In: Revista de métodos cuantitativos para la economía y … 13 (2012), pp. 73-96

This article provides a tool to study over time the distributions of income in a population, regardless the irregular distribution of data. We even approach Lorenz curves at the times when we lack the required data. Finally we apply the present technique to a European country where inequalities...

Persistent link: https://www.econbiz.de/10010017356