Showing 571 - 580 of 602
if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …
Persistent link: https://www.econbiz.de/10005626675
Asian economies appeared to have larger reserves (reserve indicators) than the estimated threshold at the time of the crisis …, based on the estimated threshold of reserve indicators, the likelihood of a 25% devaluation within three months ahead is …
Persistent link: https://www.econbiz.de/10005435835
games designed to model common-pools in which there existed such a threshold: one with complete information of the threshold …, one with incomplete information of the threshold and one with sporadically enforced targets. By design the true threshold … was unknown to the players in the role of policymaker, and the guesses of the threshold value were allowed to change …
Persistent link: https://www.econbiz.de/10011203021
There is twofold contribution in this paper. First, by using monthly data for 8 industrialized countries for the period 1973-2011 we find evidence of time-varying cointegration relationship between effective exchange rates and national stock market indices. Second, we show that stock markets...
Persistent link: https://www.econbiz.de/10011207147
threshold, are commonly used to nonparametrically identify and estimate a local average treatment effect. We show that the … that would result from a marginal change in the threshold, which we call the marginal threshold treatment effect (MTTE). We … identifies how this treatment effect would change if the threshold for retention was raised or lowered, even though no such …
Persistent link: https://www.econbiz.de/10008641445
We use a smooth transition vector error correction model to assess price relationships within the US ethanol industry. Daily ethanol, corn and oil futures prices observed from mid-2005 to mid-2007 are used in the analysis. Results indicate the existence of an equilibrium relationship between...
Persistent link: https://www.econbiz.de/10005483445
Whilst the existence of long-horizon returns predictability has been a recurrent theme in empirical finance research, extant work has focused almost exclusively on the US, and more recent work has cast doubt over the validity of such potential predictability due to non-stationarity and serial...
Persistent link: https://www.econbiz.de/10005727118
threshold specifications that allow only two possible regimes: low or high volatility. In this paper, the possibility of … threshold model is preferred for stock returns, a smooth-transition model is more likely for exchange rates. …
Persistent link: https://www.econbiz.de/10004966180
also purport to describe economic cycles through a Threshold diffusion index model and a Markov-Switching diffusion index …
Persistent link: https://www.econbiz.de/10004968638
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10005790737