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Endogenous Completeness of Diffusion Driven Equilibrium Markets

Hugonnier, J.; Malamud, Semyon; Trubowitz, E. - National Centre of Competence in Research - Financial … - 2010

We study the existence of dynamic equilibria with endogenously complete markets incontinuous-time, heterogenous agents economies driven by diusion processes. Ourmain results show that under appropriate conditions on the transition density ofthe state variables, market completeness can be deduced...

Persistent link: https://www.econbiz.de/10009522184

House Price Dynamics and Dispersed Information

Favara, Giovanni; Song, Zheng - National Centre of Competence in Research - Financial … - 2010

We use a user-cost model to study how dispersed information among housing marketparticipants a¤ects the equilibrium house price. In the model, agents are disparatelyinformed about local economic conditions, consume housing services, and speculate onprice changes. Information dispersion leads...

Persistent link: https://www.econbiz.de/10009522191

A Dreadful Heritage: Interpreting Epidemic Disease at Eyam, 1666-2000

Ransome-Wallis, Patrick - London School of Economics and Political Science - 2005

. The construction of the Eyam plague story offers an unusually clear case study in the social and intellectual dynamics of …

Persistent link: https://www.econbiz.de/10005870945

The Dynamics of being Disabled

Burchardt, Tania - London School of Economics and Political Science - 2000

Government policies on disability – and criticism of them – rest in parton an understanding of the circumstances of disabled people informedby cross-sectional survey data, dividing the population into “thedisabled” and “the non-disabled”. While conceptual debates about thenature of...

Persistent link: https://www.econbiz.de/10008733217

An Economic Model of Household Income Dynamics,with an Application to Poverty Dynamics amongAmerican Women

Burgess, Simon M.; Propper, Carol - London School of Economics and Political Science - 1998

) household income dynamics. This is largelybecause of the difficulties created by the fact that on top of the humancapital issues … proposesa framework for modelling household income dynamics. it emphasisesthe role of household formation and dissolution, and …, income and poverty dynamics.We illustrate this framework with an application to poverty rates amongyoung women in the US. We …

Persistent link: https://www.econbiz.de/10008756563

Unique equilibrium in a dynamic model of crises with frictions

Guimarães, Bernardo - London School of Economics and Political Science - 2005

This paper studies a dynamic model of crises with timing frictions that combines the mainaspects of Morris and Shin (1998) and Frankel and Pauzner (2000). The usual arguments forexistence and uniqueness of equilibrium cannot be applied. It is shown that the model has aunique equilibrium within...

Persistent link: https://www.econbiz.de/10008911498

An Empirical Investigation of the Dynamics of Qualitative Decisions of Firms

Corres, Stelios; Hajivassiliou, Vassilis; Ioannides, … - London School of Economics and Political Science - 2006

considerable success in explaining the dynamics of such decisions, with individualcharacteristics of firms, which include firm … fundamentals and lagged values of past decisions,exhibiting a strong explanatory impact. The dynamics implied by the estimated …

Persistent link: https://www.econbiz.de/10008911512

Fiscal Policy and Debt Dynamics in Developing Countries

Ilzetzki, Ethan - London School of Economics and Political Science - 2011

cuts in corporateor VAT rates. Second, using the methods of Favero and Giavazzi,2007 (FG) to incorporate debt dynamics into … a fiscal VAR, we findthat debt dynamics significantly alter estimates of the impact of fiscalpolicy on GDP in some …

Persistent link: https://www.econbiz.de/10008939831

Bestandsdynamik im Konsumentenkreditgeschäft

Lindstädt, Hagen - Institut für Angewandte Betriebswirtschaftslehre, … - 1997

Der Versuch, die Entwicklung des Konsumentenkreditbestands durch einfache Gegenüberstellung des Bruttoneugeschäfts und der Abgänge zu beurteilen, muß nach Ansicht von Hagen Lindstädt, Projektleiter ((?)) bei McKinsey&Company, unweigerlich scheitern. Er stellt daher im folgenden ein...

Persistent link: https://www.econbiz.de/10009004997

Corporate taxation and investment: Explaining investmentdynamics with firm-level panel data

Dwenger, Nadja - Arbeitskreis Quantitative Steuerlehre - 2009

Using a ¯rm-level panel data set I assess whether dynamic models of in-vestment provide an empirically fruitful framework for analyzing tax e®ectson changes in capital stock. In particular I estimate a one-step error correc-tion model (ECM) complementing the usual estimation of a distributed...

Persistent link: https://www.econbiz.de/10009129478