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Standard and Shuffled Halton Sequences in a Mixed Logit Model
Staus, Alexander - 2008
. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011375025
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Fiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union
Brück, Tilman; Zwiener, Rudolf - 2004
We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...
Persistent link: https://www.econbiz.de/10010260720
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Standard and shuffled Halton sequences in a mixed logit model
Staus, Alexander - 2008
. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011342045
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...
Persistent link: https://www.econbiz.de/10011399147
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
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Product innovation and product innovation marketing : theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10011446211
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The German block of the ESCB multi-country model
Vetlov, Igor; Warmedinger, Thomas - 2006
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...
Persistent link: https://www.econbiz.de/10011604700
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Would the Bundesbank have prevented the Great Inflation in the United States?
Benati, Luca - 2009
Policy counterfactuals based on estimated structural VARs routinely suggest that bringing Alan Greenspan back in the 1970s’ United States would not have prevented the Great Inflation. We show that a standard policy counterfactual suggests that the Bundesbank–which is near-universally...
Persistent link: https://www.econbiz.de/10011605180
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Modellgestützte Analyse der ökologischen Steuerreform mit LEAN, PANTA RHEI und dem Potsdamer Mikrosimulationsmodell
Praetorius, Barbara; Meyer, Bernd; Kohlhaas, Michael; … - 2001
simulation model. The influence on economic growth is very low; employment is growing slightly, while energy consumption and CO2 …
Persistent link: https://www.econbiz.de/10010260765
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Ganztagsschulen und Erwerbsbeteiligung von Müttern: Eine Mikrosimulationsstudie für Deutschland
Beblo, Miriam; Lauer, Charlotte; Wrohlich, Katharina - 2005
Der Ausbau von Ganztagsschulen genießt derzeit – u.a. auf Grund des schlechten Abschneidens deutscher Schüler bei der PISA-Studie – hohe Priorität in der politischen Agenda. In diesem Beitrag soll untersucht werden, wie sich der Ausbau von Ganztagsschulen auf die Erwerbsbeteiligung von...
Persistent link: https://www.econbiz.de/10010260930