Similar Search Results

Asymptotic Properties of Equilibrium in Discriminatory and Uniform Price IPV Multi-Unit Auctions

Katzman, Brett E. - 2009

are derived. It is shown that as the number of bidders increases, equilibrium bids converge to valuations in both …

Persistent link: https://www.econbiz.de/10009458995

Update of the quarterly model of the Bank of Spain

Ortega Eslava, Eva; Burriel Llombart, Pablo; Fernández … - 2007

This paper presents the update of the macroeconometric model used at the Bank of Spain for medium term macroeconomic forecasting of the Spanish economy, as well as for performing policy simulations. The many changes that the Spanish economy has experimented in the last years, and the new system...

Persistent link: https://www.econbiz.de/10012530193

14.452 Macroeconomic Theory II, Spring 2005

Blanchard, Olivier - 2005

The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter...

Persistent link: https://www.econbiz.de/10009433264

Modeling the dynamics of network technology adoption and the role of converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch; Hosanagar, Kartik - 2009

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent's installed base, users' adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009438975

Modeling the Dynamics of Network Technology Adoption and the Role of Converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch A.; Hosanagar, … - 2010

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent’s installed base, users’ adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009439203

Productivity and stock returns: 1951-2002

Parhizgari, A. M.; Aburachis, Abe - 2003

productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for … the 1951-2002 period. It introduces the notion of equilibrium as represented by the co-movements of economic variables in … the long run. This notion is viewed to be broader than the economic theory definition of equilibrium that usually means …

Persistent link: https://www.econbiz.de/10009441680

Sticky prices and time to equilibrium: Evidence from Asia-Pacific trade-related economies

Ho, Catherine S. F.; Ariff, Mohamed - 2010

-run equilibrium in the Asia-Pacific economies as being 5 years. The methodology is used to group countries with high-trade intensity … the long-run equilibrium, we believe, helps in some ways to enrich the literature on the exchange rate behaviour of an …

Persistent link: https://www.econbiz.de/10009441759

Reintroducing Intergenerational Equilibrium: Key Concepts behind the New Polish Pension System

Góra, Marek - 2003

conceptual background of the new system design. The new system’s long-term objective is to ensure intergenerational equilibrium …

Persistent link: https://www.econbiz.de/10009477084

Discreteness and the Welfare Cost of Labour Supply Tax Distortions

Bhattarai, Keshab; Whalley, John - 2002

We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and continuous labour supply (leisure consumption) choice models. In the discrete models taxes induce a large response from a subset of the population, while the majority of the population...

Persistent link: https://www.econbiz.de/10009447276

Do Taxes Matter in the CAPM?

Kruschwitz, Lutz; Löffler, Andreas - 2009

assumption is not at all consistent with the actual behavior of the Treasury. The theory of general equilibrium states that an …

Persistent link: https://www.econbiz.de/10009447474