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Browsing 14 Economics by Issue Date

Browsing 14 Economics by Issue Date

Now showing items 41-60 of 499

Real and monetary cycles in models of Keynes-Wicksell type

Chiarella Carl; Flaschel Peter (Elsevier Science Bv, 1996)

We formulate a descriptive dynamic macroeconomic model of the Keynes-Wicksell type which incorporates goods, labour and financial markets. The model has well specified budget constraints with respect to the economic agents ...
Equilibrium in a Market with Intermediation is Walrasian

Wooders John (Springer, 1997)

We show that a profit maximizing monopolistic intermediary may behave approximately like a Walrasian auctioneer by setting bid and ask prices nearly equal to Walrasian equilibrium prices. In our model agents choose to trade ...
An experimental study of communication and coordination in noncooperative games

Moreno D; Wooders John (Academic Press Inc, 1998)

This paper reports the results of an experiment designed to test the usefulness of alternative solution concepts to explain players' behavior in noncooperative games with preplay communication. In the experiment subjects ...
Cooperation vs. competition in R & D: the role of stability of equilibrium

Amir R; Wooders John (Springer-Verlag Wien, 1998)

We consider a model in which firms first choose process R&D expenditures and then compete in an output market. We show the symmetric equilibrium under R&D competition is sometimes unstable, in which case two asymmetric ...
Matching and bargaining models of markets: approximating small markets by large markets

Wooders John (Springer Verlag, 1998)

We show that the equilibrium of a matching and bargaining model of a market in which there is a finite number of agents at each date need not be near the equilibrium of a market with a continuum of agents, although matching ...
A Structural Model Of Multiple Welfare Program Participation And Labor Supply

Keane Michael; Moffitt R (Univ Penn, 1998)

Work on estimating the labor supply effects of high marginal tax rates in welfare programs has been hindered by the difficulty of estimating the effects of participation in multiple welfare programs simultaneously We serve ...
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 ...
Carrots And Sticks - The Fall And Fall Of Private Health Insurance In Australia

Hall Jane; Lourenco Rd; Viney Rosalie (John Wiley & Sons Ltd, 1999)

NA
Estimates of the underground economy in Australia

Bajada Christopher (Wiley-Blackwell Publishing Asia, 1999)

In an age of tighter government regulation, many individuals and businesses are distorting our notion of the size of the Australian economy by actively participating in the underground economy. The consequences are clear: ...
Effects of one-way spillovers on market shares, industry price, welfare, and R & D cooperation

Amir R; Wooders John (M I T Press, 1999)

With one-way spillovers, the standard symmetric two-period R & D model leads to an asymmetric equilibrium only, with endogeneous innovator and imitator roles. We show how R & D decisions and measures of firm heterogeneity-market ...
Evaluation Of American option prices in a path integral framework using Fourier-Hermite series expansions

Chiarella Carl; El-Hassan Nadima; Kucera Adam (Elsevier Science Bv, 1999)

In this paper we review the path integral technique which has wide applications in statistical physics and relate it to the backward recursion technique which is widely used for the evaluation of derivative securities. We ...
Keynesian monetary growth dynamics in open economies

Chiarella Carl; Flaschel Peter (Baltzer Sci Publ Bv, 1999)

We investigate an open economy monetary growth model with sluggish price and quantity adjustments. It integrates the real dynamics of Rose's employment cycle, an inflationary dynamics of Cagan type, Metzlerian inventory ...
A Model of Health Plan Choice: Inferring Preferences and Perceptions from a Combination of Revealed Preference and Attitudinal Data.

Keane Michael; Harris K. (Elsevier Science, 1999)

In this paper, we model the elderly's choice among health plans using data from a 1988 study of the Minneapolis¿St. Paul Medicare health plan market. We show how attitudinal data can be combined with revealed preference ...
Using Simulation Methods for Bayesian Econometric Models: Inference, Development and Communication

Geweke John (Taylor & Francis, 1999)

Abstract: This paper surveys the fundamental principles of subjective Bayesian inference in econometrics and the implementation of those principles using posterior simulation methods. The emphasis is on the combination of ...
One-way spillovers, endogenous innovator/imitator roles, and research joint ventures

Amir R; Wooders John (Academic Press Inc, 2000)

We consider a two-period duopoly characterized by a one-way spillover structure in process R&D and a very broad specification of product market competition. We show that a priori identical firms always engage in different ...
A Note on Some Limitations of CRRS Utility

Geweke John (Taylor and Francis Group, 2001)

Abstract: In a standard environment for choice under uncertainty with constant relative risk aversion (CRRA), the existence of expected utility is fragile with respect to changes in the distributions of random variables, ...
Bayesian Econometrics and Forecasting

Geweke John (Elsevier Science Publishers B.V., 2001)

Abstract: Contemporary Bayesian forecasting methods draw on foundations in subjective probability and preferences laid down in the mid-twentieth century, and utilize numerical methods developed since that time in their ...
Theory versus empiricism in health economics: as analysis of the past 20 years

Haywood, P.; Bridges, J. F (Taylor and Francis, 2001)

We report the results of a study analyzing the proportion of theoretical and empirical articles in two core health economics journals. The Journal of Health Economics published 30% theory during the period 1982-1986, ...
Behavior in a Dynamic Decision Problem: An Analysis of Experimental Evidence Using a Bayesian Type Classification Algorithm

Keane Michael; Houser Daniel; Mccabe Kevin (Blackwell Science Asia Pty Ltd, 2001)

Different people may use different strategies, or decision rules, when solving complex decision problems. We provide a new Bayesian procedure for drawing inferences about the nature and number of decision rules present ...
An Examination of the Statistical Discrepancy and Private Investment Expenditure

Bajada Christopher (Universidad Del CEMA, 2001)

The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980's the statistical discrepancy in Australia has grown significantly in size and variance. In ...

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Browsing 14 Economics by Issue Date

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Browsing 14 Economics by Issue Date