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Persistent link: https://www.econbiz.de/10005828354
We introduce an element of centralization in a random matching model of money that allows for private liabilities to …
Persistent link: https://www.econbiz.de/10005515496
A stable and predictable demand for money function is a pre-requisite for the use of targets for monetary aggregates as … themselves in the estimation of such money functions, empirical interest has been renewed over the last decade driven by the … belief that a stable long-run money demand relationship continues to exist. This revival of activity in this area was aided …
Persistent link: https://www.econbiz.de/10005486890
We investigate an overlapping generations monetary economy in which agents'expectations depend upon backward looking predictors of the future price level.
Persistent link: https://www.econbiz.de/10005209389
Persistent link: https://www.econbiz.de/10005739799
We study the effects of a change in some exogenous variable (the fixed cost or a parameter in the payoff functions) on the strategies played in a Symmetric Cournot Equilibrium with Free Entry (SCEFE). We also show that any observation on prices, profits and number of firms is compatible with the...
Persistent link: https://www.econbiz.de/10005823929
This paper is concerned with valuing forests for an important ecological function, namely the ability of forestst ( at least those in Canada) to sequester carbon and mitigate global warming.
Persistent link: https://www.econbiz.de/10005828357
Persistent link: https://www.econbiz.de/10005835359
We obtain semiparametric efficiency bounds for estimation of a location parameter in a time series model where the innovations are stationary and ergodic conditionally symmetric marginale differences but otherwise prossess general depence and distributions of unknown from. We then describe an...
Persistent link: https://www.econbiz.de/10005808106
We address the problem of allocating indivisible goods and some amount of an infinitely divisible good among agents with equal rights on these resources. Our specific objective is to investigate the implications of the following requirement on allocation rules : when the preferences of some of...
Persistent link: https://www.econbiz.de/10005808109