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Age Structure Effects and Consumption in Norway, 1968(3) - 1998(4)

Erlandsen, Solveig K. - 2003

In this paper the effects of a changing age distribution on aggregate consumption are analysed. This is done by … estimating a Norwegian consumption function which controls for age structure effects. The model is estimated on quarterly time … series data from 1968(3) to 1998(4). The results show that changes in the age composition affect aggregate consumption …

Persistent link: https://www.econbiz.de/10012143604

In search of value-for-money in collective bargaining: an analytic-interactive mediation process

Schilling, Martin S.; Mulford, Matthew - London School of Economics (LSE) - 2007

In this paper we introduce an analytic-interactive mediation approach to facilitate conflict resolution in collective bargaining. Based on field observations of labor-management negotiations in the German railway industry, we develop an approach which combines human mediation with IT-based...

Persistent link: https://www.econbiz.de/10010884564

On the home market effect: theory and empirical evidence

Trionfetti, Federico - London School of Economics (LSE) - 1999

This paper addresses the question of how to discriminate between the H-O paradigm and the C-H-O paradigm of international trade. The test is based on the home-biased expenditure. The model predicts a positive relationshipp between a country''s share of world''s output (in any particular sector)...

Persistent link: https://www.econbiz.de/10010744816

A structural model of corporate bond pricing with co-ordination failure

Bruche, Max - London School of Economics (LSE) - 2002

It has been suggested (Morris, Shin 2001) that co-ordination failure between bondholders could produce an effect that would explain the systematic mispricing of corporate debt produced by the Merton (1974) framework. In essence, fear of premature foreclosure by other debtors can lead to...

Persistent link: https://www.econbiz.de/10010744890

Structuring multi-criteria portfolio analysis models

Montibeller, Gilberto; Franco, Alberto; Lord, Ewan; … - London School of Economics (LSE) - 2008

Multi-Criteria Portfolio Analysis (MCPA) models have been extensively employed as an effective means to allocate scarce resources for investment in projects or services, considering different organisational areas and balancing costs, benefits & risks. However, structuring this type of models in...

Persistent link: https://www.econbiz.de/10010745094

Market timing and return prediction under model instability

Pesaran, M. Hashem; Timmermann, Allan - London School of Economics (LSE) - 2002

Despite mounting empirical evidence to the contrary, the literature on predictability of stock returns almost uniformly assumes a time-invariant relationship between state variables and returns. In this paper we propose a two-stage approach for forecasting of financial return series that are...

Persistent link: https://www.econbiz.de/10010745100

Development of reusable bid evaluation models for the Portugese Electric Transmission Company

Bana e Costa, Carlos A.; Lourenço, João C.; Chagas, … - London School of Economics (LSE) - 2007

Bid evaluation is the process of selecting a contractor from a number of bidders. The decision analysis models currently in use at the Portuguese Electric Transmission Company (REN) to evaluate bids were developed through a decision conferencing process supported by the MACBETH multicriteria...

Persistent link: https://www.econbiz.de/10010745260

Getting past the WTO deadlock: the plurilateral option?

Woolcock, Stephen - London School of Economics (LSE) - 2013

The WTO’s Doha Development Agenda (DDA) negotiations are blocked. After repeated attempts to make progress, trade ministers have called for exploring new approaches to negotiations. This has been interpreted by some as clearing the way for plurilateral negotiations between subsets of...

Persistent link: https://www.econbiz.de/10010745306

Liquidity and capital structure

Anderson, Ronald W.; Carverhill, Andrew - London School of Economics (LSE) - 2006

This paper solves for a firm's optimal cash holding policy within a continuous time, contingent claims framework that has been extended to incorporate most of the significant contracting frictions that have been identified in the corporate finance literature. Under the optimal policy the firm...

Persistent link: https://www.econbiz.de/10010745341

Family firms

Shleifer, Andrei; Panunzi, Fausto; Burkart, Mike - London School of Economics (LSE) - 2002

We present a model of succession in a firm controlled and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...

Persistent link: https://www.econbiz.de/10010745376

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