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This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment where guarantees are only provided at an aggregate level. The focus is on understanding which traffic parameters are responsible for inducing possible deviations and to what...
Persistent link: https://www.econbiz.de/10009439223
generated by aggregation ratherthan derived from stable individual preferences. …
Persistent link: https://www.econbiz.de/10009444758
In this paper we show that value-added mark-ups tend to be pro-cyclical in manufacturing and counter-cyclical in market services. However, at the sectoral level value-added mark-ups may be misinterpreted if intermediate input variations are ignored. This is particularly true in the case of the...
Persistent link: https://www.econbiz.de/10012530066
as to the acceptability of spatial aggregation in hedonic property value models. Both statistical tests and tests based … upon prediction errors are performed in order to identify the circumstances under which aggregation is statistically … importance of specification and functional form as determinants of both the acceptability of aggregation and predictive power …
Persistent link: https://www.econbiz.de/10009431197