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Determinants of U.S. Business Investment

Kopp, Emanuel - 2018

U.S. business investment has taken a serious toll during the global financial crisis and also in the recovery phase investment did not pick up as expected. What is surprising is that the alleged investment slowdown happened at a time of record corporate profits and retained earnings, highly...

Persistent link: https://www.econbiz.de/10012913931

The equilibrium set of economies with a continuous consumption space

Covarrubias, Enrique - 2010

We study global properties of the equilibrium set of economies with a continuous consumption space. This framework is … states of nature) and commodity differentiation. We show that the equilibrium set is contractible which implies that (i …) there is a continuous economic policy linking any two equilibrium states, and (ii) any two such economic policies can be …

Persistent link: https://www.econbiz.de/10008656723

Selection in asset markets : the good, the bad, and the unknown

Bottazzi, Giulio; Dindo, Pietro - 2011

We provide simple examples to illustrate how wealth-driven selection works in asset markets. Our examples deliver both good and bad news. The good news is that if individual assets demands are expressed as a fractions of wealth to be invested in each asset, e.g. because traders maximize an...

Persistent link: https://www.econbiz.de/10009009683

Toxic arbitrage

Foucault, Thierry; Kozhan, Roman; Tham, Wing Wah - 2015

Short lived arbitrage opportunities arise when prices adjust with a lag to new information. They are toxic because they expose dealers to the risk of trading at stale quotes. Hence, theory implies that more frequent toxic arbitrage opportunities and a faster arbitrageurs' response to these...

Persistent link: https://www.econbiz.de/10010499534

The Dynamics of Business Creation and Exit in Disequilibrium : The USA 1998-2003

Burke, Andrew E. - 2009

Despite the idea of a sustainable/equilibrium number of businesses being at the core of economics, very little … process so that the actual number of business establishments is most usually not equal to the equilibrium number even though …

Persistent link: https://www.econbiz.de/10012718857

Price Dispersion and Demand Uncertainty : Evidence from US Scanner Data

Eden, Benjamin - 2014

I use the Prescott (1975) hotels model to explain variations in price dispersion across goods sold by supermarkets in Chicago. I extend the theory to accounts for the monopoly power of chains and for non-shoppers. The main empirical finding is that the effect of demand uncertainty on price...

Persistent link: https://www.econbiz.de/10013046882

Capital Market Development Over the Long Run: The Portfolios of UK Life Assurers Over Two Centuries

Bogle, David; Coyle, Christopher; Turner, John D. - 2020

What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine the role of regulation, historical contingency and political reactions to events on the long-run development of the UK capital market. Government...

Persistent link: https://www.econbiz.de/10014284471

Covid-19 Full-Dose Vaccination across Uninsured Populations: Evidence across Counties in the United States

Goel, Rajeev K.; Nelson, Michael A. - 2022

This paper studies the propensities of the U.S. population to seek a full dose of vaccinations against the COVID-19 pandemic. Beyond the consideration of vaccine dissemination at the disaggregated or the local level, the main focus of this study is on determining whether a lack of health...

Persistent link: https://www.econbiz.de/10014290107

Capital market development over the long run: The portfolios of UK life assurers over two centuries

Bogle, David A.; Coyle, Christopher; Turner, John D. - 2020

Persistent link: https://www.econbiz.de/10012315242

The Dynamics of BRICS's Country Risk Ratings and Stock Markets, U.S. Stock Market and Oil Price

Hammoudeh, Shawkat M.; Sari, Ramazan; Liu, Tengdong; … - 2011

BRICS (Brazil, Russia, India, China and South Africa) are viewed currently as pillars of relative political, economic and financial stability, with the prospect of a major shift in future world power. The paper aims at investigating the relationships among the economic, financial and political...

Persistent link: https://www.econbiz.de/10014043055