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Testing for Multivariate Equivalence with Random Quadratic Forms
Weißbach, Rafael - 2005
Multivariate equivalence testing becomes necessary whenever the similarity rather than a difference between several … assessment of multivariate equivalence. Recently Munk & Pflüger (1999) proposed to test ellipsoidal instead of rectangular … equivalence which are compared numerically with competitors suggested by Brown, Cassella & Hwang (1995) and Munk & Pflüger (1999 …
Persistent link: https://www.econbiz.de/10010296666
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The order independence of iterated dominance in extensive games
Micali, Silvio; Chen, Jing - In: Theoretical Economics 8 (2013) 1, pp. 125-163
Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process iteratively eliminates conditionally dominated strategies according to a...
Persistent link: https://www.econbiz.de/10011599478
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Exchange rate implications of Border Tax Adjustment neutrality
Buiter, Willem H. - 2017
This paper investigates the implications for the nominal exchange rate of a Border Tax Adjustment (BTA) when there is BTA neutrality. A border tax adjustment is a change from an origin-based system of taxation, that taxes exports but exempts imports to a destination-based system that taxes...
Persistent link: https://www.econbiz.de/10011619445
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Exchange rate implications of Border Tax Adjustment neutrality
Buiter, Willem H. - In: Economics: The Open-Access, Open-Assessment E-Journal 11 (2017) 2017-12, pp. 1-41
This paper investigates the implications for the nominal exchange rate of a Border Tax Adjustment (BTA) when there is BTA neutrality. A border tax adjustment is a change from an origin-based system of taxation, that taxes exports but exempts imports to a destination-based system that taxes...
Persistent link: https://www.econbiz.de/10011645984
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Do we need central bank digital currency? Economics, technology and institutions
Gnan, Ernest (contributor); Masciandaro, Donato (contributor) - 2018
Persistent link: https://www.econbiz.de/10011985213
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On the equivalence of large individualized and distributionalized games
Khan, Mohammed Ali; Rath, Kali P.; Yu, Haomiao; Zhang, … - In: Theoretical Economics 12 (2017) 2, pp. 533-554
induced by the Nash equilibria of the representing LIG, this paper offers three equivalence results that delineate a …
Persistent link: https://www.econbiz.de/10012010077
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On the Equivalence of Private and Public Money
Brunnermeier, Markus K.; Niepelt, Dirk - 2019
and liquidity bubbles. We derive sufficient conditions for equivalence and apply them in the context of the “Chicago Plan …
Persistent link: https://www.econbiz.de/10012052847
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Reserves for all? Central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10012112080
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On the equivalence of private and public money
Brunnermeier, Markus Konrad; Niepelt, Dirk - 2019
apply the equivalence result to the "Chicago Plan," cryptocurrencies, the Indian de-monetization experiment, and Central …
Persistent link: https://www.econbiz.de/10012112096
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Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10011931926