Results 131 to 140 of about 168 (163)

A Unified Approach to Estimating Production Functions: Proxy Variables and Dynamic Panel Data

The Journal of Industrial Economics, EarlyView.
ABSTRACT We propose a new approach to production function estimation that integrates the strengths of the proxy‐variable (PV) and dynamic panel data (DPD) methods. Our framework augments the set of instruments for the level equation in Blundell and Bond [8] with a Berkson‐type instrument motivated by economic theory, following Olley and Pakes [28 ...
Jose Miguel Abito, Konstantinos Metaxoglou   +1 more
wiley   +1 more source

Privatization Under Political Ties

The Journal of Industrial Economics, EarlyView.
ABSTRACT I study a product differentiation model with endogenous entry where a politically connected public firm competes with a private one. Consumers are heterogeneous in their willingness to pay. I argue that—because of political ties—the public firm may mimic the preferences of the consumer with the median willingness to pay.
Matteo Broso
wiley   +1 more source

Treatment, Exposure, and Spatial Counterfactuals in Regional Policy Evaluation: A Framework for Impact Analysis With Spatial Spillovers

Journal of Regional Science, EarlyView.
ABSTRACT Regional policies often affect untreated but spatially exposed units, making standard difference‐in‐differences comparisons difficult to interpret. This paper develops a treatment‐exposure framework for regional policy evaluation with spatial exposure and interference.
André Luis Squarize Chagas
wiley   +1 more source

Detecting Periodicity of a General Stationary Time Series via AR(2)‐Model Fitting

Journal of Time Series Analysis, EarlyView.
ABSTRACT Estimating the periodicity of a stationary time series via fitting a second‐order stationary autoregressive (AR(2)) model has been initiated by the seminal paper of Yule (1927). We investigate properties of this procedure when applied to general stationary processes possessing a spectral density with a dominant peak at some unknown frequency ...
Jens‐Peter Kreiss, Panagiotis Maouris, Efstathios Paparoditis   +2 more
wiley   +1 more source

Measure‐valued processes for energy markets

Mathematical Finance, Volume 35, Issue 2, Page 520-566, April 2025.
Abstract We introduce a framework that allows to employ (non‐negative) measure‐valued processes for energy market modeling, in particular for electricity and gas futures. Interpreting the process' spatial structure as time to maturity, we show how the Heath–Jarrow–Morton approach can be translated to this framework, thus guaranteeing arbitrage free ...
Christa Cuchiero, Luca Di Persio, Francesco Guida, Sara Svaluto‐Ferro   +3 more
wiley   +1 more source

Coordinating Bank Dividend and Capital Regulation

Mathematical Finance, EarlyView.
ABSTRACT This paper examines how state‐dependent dividend restrictions (taxes and bans) and capital requirements influence a bank's capital buffer accumulation and risk‐taking decisions. In the model, the bank distributes dividends and issues costly equity to maximise shareholder value, while its loans generate stochastic income under time‐varying ...
Salvatore Federico, Andrea Modena, Luca Regis   +2 more
wiley   +1 more source

A Threshold‐Price Approach to Oligopolistic Competition: A Resolution to the Bertrand Paradox

The Manchester School, EarlyView.
ABSTRACT In homogeneous‐product markets, changing a price does more than alter a firm's profit margin: it may also determine which competitors can profitably remain active. This paper develops a new static theory of price competition based on this observation.
N. Túñez‐Area
wiley   +1 more source

Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model

Metroeconomica, EarlyView.
ABSTRACT We develop a neo‐Kaleckian growth‐and‐distribution model featuring two classes of workers and a progressive income tax. Two fiscal closures are considered: balanced budgets and deficit financing via public debt. We study the responses to shocks, including changes in functional income distribution, and assess how tax progressivity alters demand
Tailiny Ventura, Fabrício J. Missio, Júlio Fernando Costa Santos   +2 more
wiley   +1 more source

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Characterizations of Lie-type derivations of triangular algebras with local actions

Rendiconti del Circolo Matematico di Palermo Series 2, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Akhtar, Mohd Shuaib, Ashraf, Mohammad, Ansari, Mohammad Afajal   +2 more
openaire   +1 more source

On Lie-Type Derivations of Rings and Standard Operator Algebras by Local Actions

Bulletin of the Malaysian Mathematical Sciences Society, 2022
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source