Results 71 to 80 of about 18,961 (107)

Markups and bargaining power in tradable and non-tradable sectors

Empirical Economics, 2016
This article jointly estimates product and labour market imperfections for narrowly defined sectors in the Portuguese economy for the period 2006–2009, following Roeger (J Polit Econ 103(2):316–330, 1995), Crepon et al. (Ann Econ Stat (79/80):583–610, 2005), Dobbelaere (Int J Ind Organ 22(10):1381–1398, 2004) and Abraham et al.
João Amador, Ana Cristina Soares
openaire   +1 more source

Adverse Selection, (Non-Tradable) Emission Permits and Optimal Price Differentiation

Annals of Economics and Statistics, 2011
In this paper, we focus on the adverse selection issue that prevails when the regulator is not able to observe the type of the abatement costs of the firms. The regulator decides the total level of emission that minimizes the expected social cost of pollution and she sells them to the firms. In an environment where firms can hide their type relative to
Mourad Afif, Sandrine Spaeter
openaire   +1 more source

Distinguishing Between Tradables and Non-Tradables: The Case of South Africa

Studies in Economics and Econometrics, 2008
The distinction between tradable and non-tradable commodities plays an important role in many theoretical models in economics. However, as Dixon et al. (2004) note, dividing commodities in an open economy into tradables and non-tradables is simple in theory, but difficult to implement empirically.
Z Blignaut, G N Farrell, L Rangasamy
openaire   +1 more source

MONETARY POLICY IN EMU WITH ASYMMETRIC TRANSMISSION AND NON‐TRADABLE GOODS

Scottish Journal of Political Economy, 2007
ABSTRACTWhich policy objective should a central bank pursue in a monetary union with asymmetric monetary transmission and different rates of inflation? Should it base its decisions on the EU‐wide average of inflation and growth or should it instead focus on (appropriately weighted) national utility losses based on national rates of inflation and growth?
Daniel Gros, Carsten Hefeker
openaire   +1 more source

Tradable and non-tradable inflation in consumer prices in Pakistan

Statistical Journal of the IAOS: Journal of the International Association for Official Statistics, 2019
According to monetarists, inflation is always and everywhere a monetary phenomenon. It may, however, have supply side drivers; including global commodity prices. In order to have better understanding of inflation dynamics in a small open economy like Pakistan, we need some new sub-indices within CPI basket. In this paper, we have proposed and estimated
Hanif, Muhammad Nadim, Shah, Muhammad Naeem   +1 more
openaire   +1 more source

The risk transfer of non-tradable risks under model uncertainty

Acta Mathematica Sinica, English Series, 2011
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source

International Price Comparisons: Methodology and Application to Non-Tradable Goods

SSRN Electronic Journal, 2004
This paper deals with the methodology and interpretation of international price comparisons, focusing specifically on non-traded goods and services. The key difference to traded goods lies in the underlying objective of the comparison. International differences in the prices of traded goods are indicative of potential welfare gains that could be ...
openaire   +1 more source

Financial integration: The role of tradable and non-tradable goods

Economic Modelling, 2016
This paper examines the potential benefits of financial integration focusing on the role of tradable and non-tradable goods. We construct a new country-level index for tradability of output using disaggregate sector level data on output, imports and exports.
openaire   +1 more source

Controlling Shareholder, Expropriations and Firm's Leverage Decision: Evidence from Chinese Non-Tradable Share Reform

SSRN Electronic Journal, 2011
In this paper we examine the effect of excess control rights on the leverage decisions of Chinese non-SOEs before and after the reforms of non-tradable shares. We identify that both inter-corporate loans and related party transactions are channels through which controlling shareholders expropriate minority shareholders by adopting a policy of excess ...
Liu, Qigui, Tian, Gary
openaire   +2 more sources

Equilibrium Policy Portfolios When Some Assets are Non-Tradable

2019
Asset managers usually define a policy portfolio to provide a long-term benchmark. According to the CAPM, the policy portfolio should be the value weighted market portfolio of all assets. However, the practical implementation of such a policy portfolio is not straightforward.
Randl, Otto, Westerkamp, Arne, Zechner, Josef   +2 more
openaire   +1 more source