Now showing items 21-40 of 652

  • Atomic Cournotian Traders May Be Walrasian. 

    Codognato, Giulio; Ghosal, Sayantan; Tonin, Simone (University of Glasgow, 2014-09)
    In a bilateral oligopoly, with large traders, represented as atoms, and small traders, represented by an atomless part, when is there a non-empty intersection between the sets of Walras and Cournot-Nash allocations? Using ...
  • Autonomy-enhancing paternalism 

    Binder, Martin; Lades, Leonhard K (University of Stirling, 2014-09)
    We present a form of soft paternalism called "autonomy-enhancing paternalism" that seeks to in-crease individual well-being by facilitating the individual ability to make critically reflected, autonomous decisions. The ...
  • Avoidance Policies – A New Conceptual Framework 

    Ulph, David (University of St Andrews, 2009)
    This paper develops a general theoretical framework within which a heterogeneous group taxpayers confront a market that supplies a variety of schemes for reducing tax liability, and uses this framework to explore the ...
  • An axiomatization of difference-form contest success functions 

    Sanchez-Pages, Santiago; Cubel, Maria (University of Edinburgh, 2015-05-03)
    This paper presents an axiomatic characterization of difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. This ...
  • A balance of questions: what can we ask of climate change economics? 

    Comerford, David (University of Edinburgh, 2013)
    The standard approach to the economics of climate change, which has its best known implementation in Nordhaus's DICE and RICE models (well described in Nordhaus's 2008 book, A Question of Balance) is not well equipped ...
  • Balanced Budget Government Spending in a Small Open Regional Economy 

    Lecca, Patrizio; McGregor, Peter G.; Swales, J. Kim (University of Strathclyde, 2010)
    This paper investigates the impact of a balanced budget fiscal policy expansion in a regional context within a numerical dynamic general equilibrium model. We take Scotland as an example where, recently, there has been ...
  • Bargaining and Conflict with Incomplete Information 

    Sánchez-Pagés, Santiago (University of Edinburgh, 2009)
    This paper studies bargaining and conflict under incomplete information, provides an overview and a critical account of the literature on the topic and contributes with original research. We first revise models of mechanism ...
  • Bayesian forecasting with highly correlated predictors 

    Korobilis, Dimitris (University of Glasgow, 2012)
    This paper considers Bayesian variable selection in regressions with a large number of possibly highly correlated macroeconomic predictors. I show that by acknowledging the correlation structure in the predictors can ...
  • Bayesian Inference in the Time Varying Cointegration Model 

    Koop, Gary; Leon-Gonzalez, Roberto; Strachan, Rodney W. (University of StrathclydeNational Graduate Institute for Policy StudiesUniversity of Queensland, 2008)
    There are both theoretical and empirical reasons for believing that the parameters of macroeconomic models may vary over time. However, work with time-varying parameter models has largely involved Vector autoregressions ...
  • Bayesian Model Averaging in the Instrumental Variable Regression Model 

    Koop, Gary; Leon-Gonzalez, Roberto; Strachan, Rodney W. (University of StrathclydeNational Graduate Institute for Policy StudiesAustralian National University, 2011)
    This paper considers the instrumental variable regression model when there is uncertainty about the set of instruments, exogeneity restrictions, the validity of identifying restrictions and the set of exogenous ...
  • A bayesian spatial individual effects probit model of the 2010 UK general election 

    Jensen, Christa D.; Lacombe, Donald J.; McIntyre, Stuart (University of Strathclyde, 2012)
    The Conservative Party emerged from the 2010 United Kingdom General Election as the largest single party, but their support was not geographically uniform. In this paper, we estimate a hierarchical Bayesian spatial probit ...
  • Baysian Model Averaging, Learning and Model Selection 

    Mitra, Kaushik; Evans, George W.; Honkapohja, Seppo (University of St AndrewsBank of Finland, 2012)
    Agents have two forecasting models, one consistent with the unique rational expectations equilibrium, another that assumes a time-varying parameter structure. When agents use Bayesian updating to choose between models in ...
  • A Behavioural Model of Choice in the Presence of Decision Conflict 

    Gerasimou, Georgios (University of St Andrews, 2013)
    This paper proposes a model of choice that does not assume completeness of the decision maker’s preferences. The model explains in a natural way, and within a unified framework of choice when preference-incomparable options ...
  • Bertrand and the long run 

    Burguet, Roberto; Sákovics, József (University of Edinburgh, 2014-08)
    We propose a new model of simultaneous price competition, based on firms offering personalized prices to consumers. In a market for a homogeneous good and decreasing returns, the unique equilibrium leads to a uniform price ...
  • Beyond Intermediates: The Role of Consumption and Commuting in the Construction of Local Input-Output Tables 

    Kristinn, Hermannsson (University of Strathclyde, 2013)
    It is a well-established fact in the literature on simulating Input-Output tables that mechanical methods for estimating intermediate trade lead to biased results where cross-hauling is underestimated and Type-I multipliers ...
  • Bilateral oligopoly and quantity competition 

    Dickson, Alex; Hartley, Roger (University of Strathclyde, 2009-10-09)
    Bilateral oligopoly is a strategic market game with two commodities, allowing strategic behavior on both sides of the market. When the number of buyers is large, such a game approximates a game of quantity competition ...
  • Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty 

    Chen, Yu-Fu; Funke, Michael (University of DundeeHamburg University, 2009)
    The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and ...
  • A Bootstrap Neural Network Based Heterogeneous Panel Unit Root Test: Application to Exchange Rates 

    de Peretti, Christian; Siani, Carole; Cerrato, Mario (University of GlasgowUniversity Claude Bernard LyonUniversity of Aix-Marseille 2, 2010)
    This paper proposes a bootstrap artificial neural network based panel unit root test in a dynamic heterogeneous panel context. An application to a panel of bilateral real exchange rate series with the US Dollar from the ...
  • Both Sides of the Story: Skill-biased Technological Change, Labour Market Frictions, and Endogenous Two-Sided Heterogeneity 

    Aricó, Fabio R. (University of St Andrews, 2009)
    This paper presents a stylised framework to examine how skill-biased technological change and labour market frictions affect the relationship between economic expansion and unskilled unemployment. The first part of the ...
  • The Budget 2009 Tax Proposals and Activity in the UK Continental Shelf (UKCS) 

    Kemp, Alexander G.; Stephen, Linda (University of Aberdeen, 2009)

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