Showing 347,761 - 347,770 of 351,088
Persistent link: https://www.econbiz.de/10010270378
Das Buchanan-Kooperationsmodell der voluntary provision of public goods wird in diesem Beitrag formalisiert und auf den Fall eines reichen und eines armen Akteurs angewandt. Hinsichtlich der Nutzenfunktionen der Akteure werden zwei unterschiedliche Szenarienanalysiert: Während im...
Persistent link: https://www.econbiz.de/10010270383
This paper examines the puzzlingly high unexploited momentum returns from a new perspective. We analyze characteristics of momentum traders in a sample of 692 fund managers. We find that momentum traders are 'defined' by their short-term horizon, by a behavioural view on the market and by a...
Persistent link: https://www.econbiz.de/10010270394
In this paper we analyze the distribution of fertility rates across the world using parametric mixture models. We … demonstrate the existence of twin peaks and the division of the world's countries in two distinct components: a high … continue to exists over the whole observation period. In 1950 about two thirds of the world's countries belonged to the high …
Persistent link: https://www.econbiz.de/10010270395
The use of technical analysis by financial market professionals is not well understood. This paper thus analyzes survey evidence from 692 fund managers in five countries, the vast majority of whom rely on technical analysis. At a forecasting horizon of weeks, technical analysis is the most...
Persistent link: https://www.econbiz.de/10010270396
The report provides an analysis of the financial crisis of 2007/2008 and draws some conclusions about the need for regulatory reform. The analysis ascribes the crisis not only to problems in subprime mortgage lending and securitization, but also to excessive maturity transformation and...
Persistent link: https://www.econbiz.de/10010270448
Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...
Persistent link: https://www.econbiz.de/10010270466
exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …
Persistent link: https://www.econbiz.de/10010270478
This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical …
Persistent link: https://www.econbiz.de/10010270480
Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...
Persistent link: https://www.econbiz.de/10010270490