Results 131 to 140 of about 105,613 (301)
The RAND Journal of Economics, EarlyView.ABSTRACT We study a long‐horizon, oligopolistic market with random shocks to demand that can be arbitraged by two storage operators with finite capacity. This problem applies to any storable commodity—that is, most commodities. Because the arbitrage spread is so sensitive to market power, storage operators face strong incentives to restrain quantities ...
Sergei Balakin, Guillaume Roger
wiley +1 more source
Is There a Positive Intertemporal Tradeoff Between Risk and Return After All? [PDF]
This paper develops an extended version of Turner, Startz, and Nelson's (1989) Markov-switching model of stock returns. The model is motivated as an alternative version of Campbell and Hentschel's (1992) volatility feedback model, with news about future ...
James Morley
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Are currency crises self-fulfilling? The case of Argentina [PDF]
, 2002 This paper analyzes the 2002 Argentine crisis using the Jeanne and Masson (2000) model with sunspots. Testing this model empirically through a Markov-switching model suggests that self-sulfilling prophecies is a reasonable explanation for the ...
Boinet, V, Napolitano, O, Spagnolo, N
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Field‐level crop choice responses to weather‐induced yield shocks in the US Corn Belt
American Journal of Agricultural Economics, EarlyView.Abstract As climate change increases the frequency and severity of extreme heat events, farmers are expected to face greater variability in crop yields. Using 10 million field‐level observations, this study examines how farmers in the US Corn Belt adjust corn–soybean rotation decisions in response to yield shocks largely driven by weather fluctuations.
Seunghyun Lee
wiley +1 more source
Periodontology 2000, EarlyView., 2023 Abstract In this descriptive analysis of the 21‐year follow‐up data from the SHIP‐START cohort and the 7‐year follow‐up data from the SHIP‐TREND cohort, we report the progression of clinical attachment levels (CAL), age effects on CAL change, and a detailed description of CAL progression and remission. At baseline, 4307 and 4420 persons participated in
Thomas Kocher +4 more
wiley +1 more source
Non-linear Modelling of the Australian Business Cycle using a Leading Indicator [PDF]
This paper develops a new non-linear model to analyse the business cycle by exploiting the relationship between the asymmetrical behaviour of the cycle and leading indicators.
Catherine S. Forbes, Roland G. Shami
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Bispectral Analysis of Markov Switching Bilinear Models
We derive matrix expressions in closed form for the spectral and bispectral densities of Markov switching bilinear models. Under suitable assumptions, we prove that the sample estimators of the spectral and bispectral density matrices are consistent and asymptotically normally distributed.
maddalena cavicchioli +2 more
openaire +1 more source
American Journal of Agricultural Economics, EarlyView.Abstract Agricultural subsidies can be an effective policy tool to enhance soil organic carbon sequestration. This paper assesses the effectiveness of a second‐best hypothetical policy which subsidizes additional canola hectares optimally for each soil zone in Saskatchewan in an effort to increase soil organic carbon.
Devin A. Serfas
wiley +1 more source
British Journal of Psychology, EarlyView.Abstract Explainable AI (XAI) methods provide explanations of AI models, but our understanding of how they compare with human explanations remains limited. Here, we examined human participants' attention strategies when classifying images and when explaining how they classified the images through eye‐tracking and compared their attention strategies ...
Ruoxi Qi +4 more
wiley +1 more source
On the Stability of the Wealth Effect [PDF]
Evidence of instability of the wealth effect in the USA is presented through the estimation of a Markov switching model of the long-run aggregate consumption function. The dating of the regimes appears to bear relation to movements in asset prices.
Fernando Alexandre +2 more
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