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We use a panel vector autoregressions model to examine the coevolution of changes in happinessand changes in income, health, marital status as well as employment status for the BritishHousehold Panel Survey (BHPS) data set. This technique allows us to simultaneously analyzethe impact of the...
Persistent link: https://www.econbiz.de/10005867736
We examine whether an economy can have a bad (small or no formal sector, hightaxes) as well as a good (small or no informal sector, low taxes) equilibrium...
Persistent link: https://www.econbiz.de/10005868759
We solve for the equilibrium dynamics of information sharing in a large pop-ulation. Each agent is endowed with signals …
Persistent link: https://www.econbiz.de/10005868788
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
Wenn sich die Vertreter der 33 Mitgliedsunternehmen des Vereins Les Hénokiens jährlich treffen, so kommen dabei Unternehmen zusammen, die sich bei aller Vielfalt durch drei gemeinsame Merkmale auszeichnen: Sie existieren mindestens seit 200 Jahren, befinden sich seither im Familienbesitz und...
Persistent link: https://www.econbiz.de/10005849469
PHIMISTER E., UPWARD R. and VERA-T OSCANO E. (2000) The dynamics of low income in rural areas, Reg. Studies 34 , 407 …-417. This paper provides a picture of the dynamics of low income in rural areas by comparing a rural sample with a non … R. und VERA-TOSCANO E. (2000) Die Dynamik der Einkommensschwache in landlichen Gebiete, Reg. Studies 34 , 407 …
Persistent link: https://www.econbiz.de/10005278754
Empirical evidence on whether the euro area monetary transmission process has changed is, at best, mixed. We argue that this inconclusiveness is likely to be due to the fact that existing empirical studies concentrate on the effects of a particular development on a specific transmission channel....
Persistent link: https://www.econbiz.de/10009138503
Persistent link: https://www.econbiz.de/10012590874
Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain demand has been realized. In the Supply Function Equilibrium(SFE), every firm chooses the bid maximizing his expected profit given the bids of the competitors. In case of...
Persistent link: https://www.econbiz.de/10010321539
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...
Persistent link: https://www.econbiz.de/10010321577