Showing 151 - 160 of 222
This paper presents a new stage-of-fabrication inventory model with ordering usage and stocking of input materials under gross production or value added technology The model extends the traditional linear-quadratic model of output (finished goods) inventories and yields joint decision rules for...
Persistent link: https://www.econbiz.de/10005265288
Persistent link: https://www.econbiz.de/10005265289
To explore the efficacy of a corporate leniency program, a Markov process is constructed which models the stochastic formation and demise of cartels. Cartels are born when given the opportunity and market conditions are right, while cartels die because of internal collapse or they are caught and...
Persistent link: https://www.econbiz.de/10005265290
We estimate a small-scale, structural general equilibrium model of a small open economy using Bayesian methods. Our main focus is the conduct of monetary policy in Australia, Canada, New Zealand and the U.K., as measured by nominal interest rate rules. We consider generic Taylor-type rules,...
Persistent link: https://www.econbiz.de/10005265291
This paper addresses the question of whether recent findings of nonlinearities qhave been contaminated by possible shifts in the distribution of the first differences of the logarithms of stock prices indexes The paper develops a testing methodology that formally attempts to discriminate between...
Persistent link: https://www.econbiz.de/10005265292
This paper develops a new methodology that makes use of the factor structure of large dimensional panels to understand the nature of non-stationarity in the data We refer to it as PANIC - a 'Panel Analysis of Non-stationarity in Idiosyncratic and Common components' PANIC consists of univariate...
Persistent link: https://www.econbiz.de/10005265294
The purpose of this paper is to develop a model that integrates inventory and labor decisions We extend a model of inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs associated with it In particular we distinguish between...
Persistent link: https://www.econbiz.de/10005265295
We propose a two-stage instrumental variable estimator that is consistent if there is a selective compliance in the treatment group of a randomized experiment and the outcome variable is a censored duration The estimator assumes full compliance in the control group We use the estimator to...
Persistent link: https://www.econbiz.de/10005265296
This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...
Persistent link: https://www.econbiz.de/10005265297
Persistent link: https://www.econbiz.de/10005265298