This paper proposes a simple descriptive model for discrete-time double auction markets of divisible assets. As in the classical models of exchange economics, we consider a finite set of agents described by their initial endowments and preferences. Instead of the classical Walrasian-type market...

The Fed Model assumes that, the equity earnings yield follows the bond yield in the long run. This effect can be used to predict changes in the equity prices when the yields are far apart. Our tests based on a cointegration analysis of the United States, United Kingdom and German data indicate...

Purpose – Offering an empirical study of the rush to promote a new technology of its time, which is a significant phenomenon in its own right, the paper's purpose is to offer a reminder that new technologies often generate speculative and unstable business conditions....

A two-phase design used to sample tax records of businesses to obtain annual estimates of Canadian economic production is described. Classification information obtained from units in the first-phase sample is used during stratification for selection of the second-phase sample. Bernoulli sampling...