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Optimal Price Adjustment : Tests of a Price Equations in U.S. Manufacturing

Von zur Mühlen, Peter - 2022

This paper presents an equation of the dynamic path of prices in a monopolistically competitive market in which firms sell to both old and new customers. Both types are able to search for the lowest price, given search costs, where the expected number of searches is given by the inverse of the...

Persistent link: https://www.econbiz.de/10013403841

Do immigrants affect crime? : evidence from panel data for Germany

Maghularia, Rita; Übelmesser, Silke - 2019

The paper analyses the empirical relationship between immigrants and crime using panel data for 391 German … interpretation of the estimates. There is no evidence that immigrants increase crime. … positive association between the immigrant rate and the crime rate. We assess the robustness of this result by considering the …

Persistent link: https://www.econbiz.de/10012029079

Do immigrants affect crime? : evidence for Germany

Maghularia, Rita; Übelmesser, Silke - In: Journal of economic behavior & organization : JEBO 211 (2023), pp. 486-512

Persistent link: https://www.econbiz.de/10014447542

Capital income risk and the dynamics of the wealth distribution

Khieu, Hoang; Wälde, Klaus - 2019

Labour income follows a deterministic growth trend and fluctuates between two values. Interest rates are drawn initially, fluctuate between two values and can differ in their arrival rates. Low interest rates imply a stationary long-run wealth distribution, high interest rates imply exploding...

Persistent link: https://www.econbiz.de/10012138857

Estimating output mix effectiveness : a scenario approach

Hanson, Torbjørn - 2016

The ability of public sector policy makers to prioritize has a huge impact on the effectiveness of public service provision. Public services can take the form of final outputs demanded by consumers or of intermediate outputs contributing to a process of realizing the higher goals of society. In...

Persistent link: https://www.econbiz.de/10011585156

Testing for clustering of industries : evidence from micro geographic data

Scholl, Tobias; Brenner, Thomas - 2011

We present a new statistical method that describes the localization patterns of industries in a continuous space. The proposed method does not divide space into subunits whereby it is not affected by the Modifiable Areal Unit Problem (MAUP). Our method fulfils all five criteria for a spatial...

Persistent link: https://www.econbiz.de/10011303835

A moment-matching method for approximating vector autoregressive processes by finite-state Markov chains

Gospodinov, Nikolaj; Lkhagvasuren, Damba - 2013

This paper proposes a moment-matching method for approximating vector autoregressions by finite-state Markov chains. The Markov chain is constructed by targeting the conditional moments of the underlying continuous process. The proposed method is more robust to the number of discrete values and...

Persistent link: https://www.econbiz.de/10010126857

Optimal display of Iceberg orders

Cebiroglu, Gökhan; Horst, Ulrich - 2011

We develop a sequential trade model of Iceberg order execution in a limit order book. The Iceberg-trader has the freedom to expose his trading intentions or (partially) shield the true order size against other market participants. Order exposure can cause drastic market reactions ("market...

Persistent link: https://www.econbiz.de/10009299593

Investigating Firm liquidity and Debt Structure, using a Semi-parametric Structural Model

Carverhill, Andrew P. - 2023

We build a simple dynamic structural model of the firm, with state variable being earnings. It can address general empirical levels of investment, dividends, equity issuance in distress, leverage, debt duration, and liquidation/bankruptcy. Firms with very low leverage carry a substantial...

Persistent link: https://www.econbiz.de/10014352952

The heterogeneous effect of financial technology on green total factor productivity in China

Ye, Yafen; Xu, Zhihu; Chen, Weijie - In: Journal of innovation & knowledge : JIK 8 (2023) 3, pp. 1-14

Due to the unbalanced and inadequate development of fintech among various provincial regions, this paper proposes a novel sparse quantile model to explore the heterogeneous impacts of fintech on green total factor productivity (GTFP) in the provinces of China based on the annual data from 2011...

Persistent link: https://www.econbiz.de/10014388818

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