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The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...
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This paper investigates how changes in hospital choice sets affect levels of patient demand for elective hospital care …. Impacts on demand are estimated using variation in distance to these private hospitals, within regions where supply … constraints are fixed. We find that the reforms increased demand for publicly-funded procedures. For public hospitals, volumes …
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framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …
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We discuss changes in the demand for paid sex accompanying the criminalization of prostitution in the United Kingdom … Lifestyles (Natsal2, conducted in 2000-2001 and Natsal3, conducted in 2010-2012) to illustrate the changes in demand that have … taken place across the two waves. We do not find demand decreasing in our sample and find a shift in the composition of …
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