Showing 221 - 230 of 265
Persistent link: https://www.econbiz.de/10005474878
Persistent link: https://www.econbiz.de/10005474879
People are concerned about maintaining purchasing power in times of rising inflation. We formulate investment objectives in terms of real wealth, assuming investors derive utility from the number of goods they can buy with their monetary wealth. We derive closed-form solutions for the portfolio...
Persistent link: https://www.econbiz.de/10005474880
Persistent link: https://www.econbiz.de/10005474881
In this paper, the problem of integrating vehicle and crew scheduling is considered. Traditionally, vehicle and crew scheduling have been dealt with in a sequential manner, were vehicle schedules are determined before the crew schedules. The few papers that appeared in the literature have in...
Persistent link: https://www.econbiz.de/10005660873
Persistent link: https://www.econbiz.de/10005660874
Generalized Method of Moments (GMM) Estimators are derived for Reduced Rank Regression Models, the Error Corrections Cointegration Model (ECCM) and the Incomplete Simultaneous Equations Model (INSEM). The GMM (2SLS) estimators of the cointegrating vector in the ECCM are shown to have normal...
Persistent link: https://www.econbiz.de/10005660875
Persistent link: https://www.econbiz.de/10005660876
Persistent link: https://www.econbiz.de/10005660877
In this paper we consider deterministic seasonal variation in quarterly production for several European countries, and we address the question whether this variation has become more similar across countries over time. Due to economic and institutional factors, one may expect convergence across...
Persistent link: https://www.econbiz.de/10005660879