Browsing 14 Economics by Title

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Browsing 14 Economics by Title

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  • Annuitization and asset allocation with HARA utility 
    Kingston Geoffrey; Thorp Susan (Cambridge University Press, 2005)
    A new explanation for the well-known reluctance of retirees to buy life annuities is due to Milevsky and Young (2002, 2003): Since the decision to purchase longevity insurance is largely irreversible, in uncertain ...
  • Antithetic Acceleration of Monte Carlo Integration in Bayesian Inference 
    Geweke John (Elsevier Science Publishers B.V., 1988)
    It is proposed to sample antithetically rather than randomly from the posterior density in Bayesian inference using Monte Carlo integration. Conditions are established under which the number of replications required with ...
  • The Approximate Slopes of Econometric Tests 
    Geweke John (Wiley-Blackwell, 1981)
    Abstract: In this paper the concept of approximate slope, introduced by R. R. Bahadur, is used to make asymptotic global power comparisons of econometric tests. The approximate slope of a test is the rate at which the ...
  • Approximation of Jump Diffusions in Finance and Economics 
    Platen Eckhard; Bruti Liberati Nicola (Springer, 2006)
    In finance and economics the key dynamics are often specified via stochastic differential equations (SDEs) of jump-diffusion type. The class of jump-diffusion SDEs that admits explicit solutions is rather limited. ...
  • Are Economic Forecasts Rational? 
    Keane Michael; Runkle D (Federal Reserve Bank of Minneapolis, 1989)
    his paper discusses at an undergraduate level how forecast rationality can be tested. It explains that forecasters should correctly use any relevant information they knew in making their predictions. It shows that forecast ...
  • Are Financial Analysts Forecasts Of Corporate Profits Rational? 
    Keane Michael; Runkle De (Univ Chicago Press, 1998)
    This paper develops generalized method-of-moments tests for the rationality of earnings per share forecasts made by individual stock analysts. We fail to reject the hypothesis of rationality as long as we take into account ...
  • Are gamblers really risk takers 
    Bird Ronald; Mccrae M; Beggs J (Australian Economic Papers, 1987)
    This paper examines the attitudes of gamblers to risk as displayed by their betting behaviour on horse races. Although traditional economic theory assumes that individuals are averse to risk, numerous authors (e.g. Ali ...
  • Assessing policies to equalise opportunity using an equilibrium model of educational and occupational choices 
    Keane Michael; Roemer Je (Elsevier Science Sa, 2009)
    The inter-generational correlation of education in the U.S. is tremendous. For instance, in PSID data from 1990, young males with college-educated parents had a 70% chance of attending college. But those with high school ...
  • Assessing the Impact of Welfare Reform on Single Mothers 
    Fang Hanming; Keane Michael (Brookings Institution Press, 2004)
  • Assessing the variability of inflation 
    Pagan Adrian; Hall Anthony; Trivedi Pk (Review Of Economic Studies Ltd, 1983)
    NA
  • Asset price and wealth dynamics in a financial market with heterogeneous agents 
    Dieci Roberto; Chiarella Carl; Gardini Laura (Elsevier Science, 2006)
    This paper considers a discrete-time model of a financial market with one risky asset and one risk-free asset, where the asset price and wealth dynamics are determined by the interaction of two groups of agents, ...
  • Asset price dynamics among heterogeneous interacting agents 
    Gallegati Mauro; Chiarella Carl; Palestrini Antonio; Leombruni Roberto (Springer, 2003)
    In this paper, we investigate the presence of rational herding on asset price dynamics during the intra-day trading with heterogeneous interacting agents, whose infonnation set is not complete. In the model, individual ...
  • Asset price dynamics and diversification with heterogeneous agents 
    Chiarella Carl; Dieci Roberto; Gardini Laura (Springer-Verlag, 2005)
    A discrete-time dynamic model of a financial market is developed, where two types of agents, fundamentalists and chartists, allocate their wealth between two risky assets and a safe asset, according to one-period mean-variance ...
  • An asset pricing model with adaptive heterogeneous agents and wealth effects 
    Chiarella Carl; He Xuezhong (Springer-Verlag, 2005)
    The characterisation of agents' preferences by decreasing absolute risk aversion (DARA) and constant relative risk aversion (CRRA) are well documented in the literature and also supported in both empirical and experimental ...
  • The association between venous structural alterations and biomechanical weakness in patients with abdominal aortic aneurysms 
    Goodall Stephen; Crowther Mat; Bell Peter; Thompson Matt (Mosby, Inc., 2002)
    Objective: Abdominal aortic aneurysms (AAAs) are associated with generalized arterial dilation, torturosity, and altered matrix composition, which suggests a generalized systemic weakness throughout the entire vasculature. ...
  • Asymmetric volatility, correlation and returns dynamics between the US and UK securitized real estate markets 
    Wilson Patrick; Michayluk David; Zurbruegg Ralf (Blackwell Publishing Asia, 2004)
    We construct synchronously priced indices of securitized property listed on the New York Stock Exchange and London Stock Exchange. The indices are then utilized to examine dynamic information flows between the two markets. ...
  • Attribute causality in environmental choice modelling 
    Bennett Jeff; Blamey Russell; Morrison Mark; Louviere Jordan; Rolfe J (Springer, 2007)
    When selecting attributes in environmental Choice Modelling studies, preference should be given to those attributes that are demand-relevant, policy-relevant, and measurable. The use of these criteria will often result ...
  • Auctions with a buy price 
    Reynolds S S; Wooders John (Springer, 2009)
    eBay and Yahoo allow sellers to list their auctions with a buy price at which a bidder may purchase the item immediately. On eBay, the buy-now option disappears once a bid is placed, while on Yahoo the buy-now option remains ...
  • Auctions with heterogeneous entry costs 
    Moreno D; Wooders John (Wiley-Blackwell, 2011)
    If bidders have independent private values and homogeneous entry costs, a first- or second-price auction with a reserve price equal to the seller's value maximizes social surplus and seller revenue. We show that if entry ...
  • Australia's medium-run exchange rate: A macroeconomic balance approach 
    Kohler Marion; Dvornak N; Menzies Gordon (Future Drugs Ltd, 2003)
    The determinants of Australia's exchange rate based on the internal-external balance approach introduced hy Williamson (1983) were analaysed. Internal balance implies that the economy is operating at supply potential ...