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Trygve Haavelmo's The Probability Approach in Econometrics (1944) has been widely regarded as the foundation document … of modern econometrics. Nevertheless, its significance has been interpreted in widely different ways. Some modern … techniques and a close reading of econometrics articles and textbooks to trace the way in which the economics profession received …
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This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and...
Persistent link: https://www.econbiz.de/10014019830
This study investigates the price formation of electricity futures at the European Energy Exchange (EEX) and aims at … serve several purposes for energy utilities, including price discovery, hedging, valuation and trading. …
Persistent link: https://www.econbiz.de/10010433655
, technological change is highly uncertain and capital intensive, requiring risky efforts in research and development of clean energy … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels … energy technologies and experts' beliefs on future costs for the above-mentioned technologies. Focusing on Europe and its …
Persistent link: https://www.econbiz.de/10011622101
We provide firm-level evidence that Federal Open Market Committee announcements have real effects by changing expectations of firm profitability. We use an existing decomposition of a monetary policy shock into a central bank information component (CBI) and a conventional monetary component...
Persistent link: https://www.econbiz.de/10014296452
We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10010474825
This paper develops a general theoretical model for the measurement of strategic performance. The concepts are universal and, by applying the methodology through specific quantitative analytic methods, measurable for all forms of strategic activity. The model distinguishes three aspects of...
Persistent link: https://www.econbiz.de/10014041659