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We provide a novel methodology for estimating time-varying weights in linear prediction pools, which we call dynamic … evidence of time variation in the pool's weights, reflecting the fact that the DSGE model with financial frictions produces … react in a timely fashion to changes in the environment, leading to real-time forecast improvements relative to other …
Persistent link: https://www.econbiz.de/10011340986
Der Beitrag bietet einen Überblick über die deutsche Wettbewerbsordnung vor dem Hintergrund der ökonomischen Wettbewerbstheorie. Ausgehend von den Aufgaben eines Wirtschaftssystems werden zunächst die Grundtypen von Wirtschaftssystemen gekennzeichnet. Danach werden die Grundprinzipien und...
Persistent link: https://www.econbiz.de/10011375011
Sicht das effizientere zu bestimmen. Als theoretischer Ansatz wird hierfür die Theorie der Haushaltsproduktion eingesetzt …
Persistent link: https://www.econbiz.de/10011375012
Die ökonomischen Funktionen des Wettbewerbs lassen sich in statische und dynamische Ziele unterteilen. Unter den statischen Zielen versteht man Konsumentensouveränität, die Allokationsfunktion und die Verteilungsfunktion. Die dynamischen bestehen aus Anpassung- und Fortschrittsfunktion....
Persistent link: https://www.econbiz.de/10011375013
. The ordinal regression model is a well examined method in econometric theory, but many authors prefer using a linear …
Persistent link: https://www.econbiz.de/10011375023
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...
Persistent link: https://www.econbiz.de/10011375025
Persistent link: https://www.econbiz.de/10011375106
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10011380983
While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...
Persistent link: https://www.econbiz.de/10011381204
Guest-worker programs have been providing rapidly growing economies with millions of temporary foreign workers over the last couple of decades. With the duration of stay strictly limited by program rules in most of the host countries and wages paid to guest workers often set at sub-market...
Persistent link: https://www.econbiz.de/10011381209