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This paper presents a rational expectations model of asset prices with rationally inattentive investors that, unlike previous papers, explains both the substantial amount of equity wealth invested domestically and the puzzling time series behavior of the home bias - an initial plateau before...
Persistent link: https://www.econbiz.de/10003855480
period 1970-2013. The focus is on large changes in product marketregulation in seven individual network industries …
Persistent link: https://www.econbiz.de/10012928014
"Regulatory reform" once meant either "alternatives to rate-of-return regulation" or "the advantages of privatization … applied to the proposals for restructuring the Korean railways and electricity sectors …
Persistent link: https://www.econbiz.de/10014075943
investment. -- regulation ; competition ; market integration ; investment ; electricity …
Persistent link: https://www.econbiz.de/10009571212
When a person uses the traditional wireline telephone network to call another person on his cell phone, the fixed … network must transfer the call to the mobile network to which the recipient subscribes. The fixed network is said to have … provided originating access for the call, and the mobile network is said to have provided terminating access. This paper …
Persistent link: https://www.econbiz.de/10014074795
Persistent link: https://www.econbiz.de/10003102816
When money was made of gold and silver, individuals faced the problem of determining the intrinsic content of coins in many exchange situations. In this paper we look at a well-documented solution to this problem, and a key institution of the commodity money system: coin assaying. To that goal...
Persistent link: https://www.econbiz.de/10013048035
Persistent link: https://www.econbiz.de/10000646557
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