Now showing items 91-110 of 208

  • Implementing the wild bootstrap using a two-point distribution 

    Davidson, James; Monticini, Andrea; Peel, David (Elsevier, 2007)
    We consider how to select the auxiliary distribution to implement the wild bootstrap for regressions featuring heteroscedasticity of unknown form. We propose a new class of two-point distributions and suggest using the ...
  • The importance of behavioral economics in tax research and tax reform: The issues of tax compliance and tax simplification 

    James, Simon; Edwards, Alison (University of Exeter, 2007)
    This paper presents evidence that too narrow an approach in research can produce misleading conclusions when the wider context of the tax system and the environment in which it has to operate are considered. Two areas are ...
  • The importance of fairness in tax policy: behavioral economics and the UK experience 

    James, SR; James, Simon (IGI Global, 2014)
    One of the key areas where behavioral economics offers major insights into developing successful policy involves issues of fairness. Taxation offers many examples, ranging from the Boston Tea Party of 1773 to the UK’s ...
  • Here's something you never asked for, didn't know existed, and can't easily obtain: a search model of gift giving 

    Kaplan, Todd R.; Ruffle, Bradley J. (Elsevier, 2009)
    Gift giving is thought to decrease welfare. Recipients are sometimes stuck with gifts they would not have purchased because the giver does not perfectly know the recipient’s preferences and in-kind gifts cannot be costlessly ...
  • Incentive schemes for local government: theory and evidence from comprensive performance assessment in England 

    Lockwood, Ben; Porcelli, Francesco (American Economic Association, 2013-08-03)
    This paper studies Comprehensive Performance Assessment, an explicit incentive scheme for local government in England. Motivated by a theoretical political agency model, we predict that CPA should increase service quality ...
  • The incentive structure of impure public good provision: the case of international fisheries 

    Finus, Michael; Schneider, Raoul; Pintassilgo, Pedro (University of Exeter Business School, 2011)
    We argue that international fisheries are a prime example to study the impact of multiple characteristics on the incentive structure of impure public good provision. The degree of technical excludability is related to the ...
  • The increased importance of asset price misalignments for business cycle dynamics 

    Bask, Mikael; Madeira, João (Uppsala University, 2011-06-08)
    We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapolation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Bayesian techniques. To be more precise, we modify the ...
  • Individually rational trade union membership 

    Bulkley, George; Myles, Gareth D. (Elsevier (North-Holland), 2001)
  • Inflation conservatism and monetary-fiscal policy interactions 

    Blake, Andrew P.; Kirsanova, Tatiana (Bank of England, 2009)
    This paper investigates the stabilization bias that arises in a model of monetary and fiscal policy stabilization of the economy, when monetary authority puts higher weight on inflation stabilization than society. We ...
  • Influence of aggregation and measurement scale on ranking a compromise alternative in AHP 

    Balkenborg, Dieter; Ishizaka, Alessio; Kaplan, Todd R. (Palgrave MacMillan, 2011-04)
    Analytic Hierarchy Process (AHP) is one of the most popular multi-attribute decision aid methods. However, within AHP, there are several competing preference measurement scales and aggregation techniques. In this paper, ...
  • Information and ambiguity: herd and contrarian behaviour in financial markets 

    Ford, J.L.; Kelsey, David; Pang, Wei (Springer, 2012)
    The paper studies the impact of informational ambiguity on behalf of informed traders on history-dependent price behaviour in a model of sequential trading in nancial markets. Following Chateauneuf, Eichberger and Grant ...
  • Innovative Activity with Sunk Cost 

    Kaplan, Todd R.; Luski, Israel; Wettstein, David (Elsevier, 2003-10)
    We analyze innovative activity in a general framework with time-dependent rewards and sunk costs. When firms are identical, innovation is delayed by an increase in the number of firms or a decrease in the size of the reward. ...
  • The instability of some non-full-support steady states in a random matching model of money 

    Huang, Pidong; Igarashi, Yoske (Elsevier, 2014-09-18)
    Zhu (2003) shows existence of full-support monetary steady states with strictly concave value functions in a random matching model with individual money holdings in {0,1,2,…,B} for a general B. He also shows that corresponding ...
  • International environmental agreements under uncertainty: does the veil of uncertainty help? 

    Finus, Michael; Pintassilgo, Pedro (University of Exeter Business School, 2010)
    Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international environmental agreements. Later papers confirmed this negative conclusion about the role of learning. ...
  • International trends in taxation and the taxation of investment 

    James, Simon; Sawyer, Adrian (University of Exeter, 2004)
    This paper updates and extends an earlier analysis (James, 1999) of factors influencing the shape of the international tax system but with particular reference to the taxation of investment. This was done using the strategic ...
  • Intra-industry trade and business cycles in ASEAN 

    Cortinhas, Carlos (Routledge, 2007-04)
    A new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in the Association of Southeast Asian Nations (ASEAN), especially since the 1997-1998 Asian financial ...
  • Investment, uncertainty and pre-emption 

    Mason, Robin; Weeds, Helen (Elsevier Science BV, 2010-05)
    This paper examines irreversible investment in a project with uncertain returns, when there is an advantage to being the first to Invest and externalities to investing when others also do so We show that the possibility ...
  • Is the GATT/WTO's Article XXIV bad? 

    Mrazova, Monika; Vines, David; Zissimos, Ben (Elsevier, 2013-01)
    The GATT/WTO Article XXIV prevents a customs union (CU) from raising its common external tariff. In this paper, we compare CU formation with and without this Article XXIV constraint. We show, in a multi-country oligopoly ...
  • Learning about the arrival of sales 

    Mason, Robin; Valimaki, Juuso (Elsevier, 2011)
    We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is an optimal sales problem when the demand for a seller's good is initially ...
  • Learning to export from neighbors 

    Fernandes, Ana P.; Tang, Heiwai (Elsevier, 2014-09-01)
    This paper studies how learning from neighboring firms affects new exporters' performance. We develop a statistical decision model in which a firm updates its prior belief about demand in a foreign market based on several ...