Now showing items 91-110 of 198

  • 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. ...
  • 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 ...
  • Learning unethical practices from a co-worker: the peer effect of Jose Canseco 

    Gould, Eric; Kaplan, Todd R. (MPRA, 2010-08)
    This paper examines the issue of whether workers learn productive skills from their co-workers, even if those skills are unethical. Specifically, we estimate whether Jose Canseco, a star baseball player in the late 1980’s ...
  • Long memory and nonlinear time series 

    Davidson, James; Teräsvirta, Timo (Elsevier, 2002)
  • The long memory model of political support: some further results 

    Byers, David; Davidson, James; Peel, David (Routledge, part of the Taylor & Francis Group, 2007-11)
    This article extends the results of Byers et al. (1997) on long memory in support for the Conservative and Labour Parties in the UK using longer samples and additional poll series. It finds continuing support for the ...
  • The marginal cost of public funds in growing economies 

    Hashimzade, Nigar; Myles, Gareth D. (Association pour le développement de la recherché en économie et en statistique, 2014-06)
    The marginal cost of public funds (MCF) measures the cost to the economy of raising government revenue. The MCF can be used to guide reform of the tax system and to determine an efficient level of government expenditure. ...
  • Market distortions and corporate governance 

    Kelsey, David; Milne, Frank (SSRN, 2005-02)