Now showing items 340-359 of 652

  • A labor market with targeted wage offers 

    Sákovics, József (University of Edinburgh, 2011)
    We model a market for highly skilled workers, such as the academic job market. The outputs of firm-worker matches are heterogeneous and common knowledge. Wage setting is synchronous with search: firms simultaneously make ...
  • Labour Market Imperfections, International Integration and Selection 

    Montagna, Catia; Nocco, Antonella (University of DundeeUniversity of Salento (Lecce), 2008)
    Although a large body of literature has focused on the effects of intra-firm differences on export performance, relatively little attention has been devoted to the interaction between firms' selection and international ...
  • Large Bayesian VARMAs 

    Chan, Joshua C.C.; Eisenstat, Eric; Koop, Gary (University of Strathclyde, 2014-09-25)
    Vector Autoregressive Moving Average (VARMA) models have many theoretical properties which should make them popular among empirical macroeconomists. However, they are rarely used in practice due to over-parameterization ...
  • Large Time-Varying Parameter VARs 

    Koop, Gary; Korobilis, Dimitris (University of StrathclydeUniversity of Glasgow, 2012)
    In this paper we develop methods for estimation and forecasting in large timevarying parameter vector autoregressive models (TVP-VARs). To overcome computational constraints with likelihood-based estimation of large ...
  • Lead Miners’ Earnings in 19th Century Allendale 

    Barmby, Tim (University of Aberdeen, 2012)
    This paper uses the records of the Beaumont/Blackett lead mining concerns in Allendale to examine the earnings for lead miners in the early 1860‟s. The paper matches two parts of the historical record, the Bargain books ...
  • Learning about Risk and Return: A Simple Model of Bubbles and Crashes 

    Branch, William A.; Evans, George W. (University of St AndrewsUniversity of California, 2010)
    This paper demonstrates that an asset pricing model with least-squares learning can lead to bubbles and crashes as endogenous responses to the fundamentals driving asset prices. When agents are risk-averse they need to ...
  • Legal Uncertainty, Competition Law Enforcement Procedures and Optimal Penalties 

    Katsoulacos, Yannis; Ulph, David (University of St Andrews, 2014-07)
    In this paper we make three contributions to the literature on optimal Competition Law enforcement procedures. The first (which is of general interest beyond competition policy) is to clarify the concept of “legal uncertainty”, ...
  • The Liberal Ethics of Non-Interference and the Pareto Principle 

    Mariotti, Marco; Veneziani, Roberto (University of St Andrews, 2014-04-22)
    We analyse the liberal ethics of non-interference applied to social choice. A liberal principle capturing noninterfering views of society and inspired by John Stuart Mill s conception of liberty, is examined. The principle ...
  • Life-Cycle, Effort and Academic Inactivity 

    Chen, Yu-Fu; Zoeg, Gylfi (University of DundeeUniversity of Iceland, 2011)
    It has been observed that university professors sometimes become less research active in their later years. This paper models the decision to become inactive as a utility maximising problem under conditions of uncertainty ...
  • Liquidity, moral hazard and bank crises 

    Chatterji, Shurojit; Ghosal, Sayantan (University of GlasgowSingapore Management University, 2013)
    Bank crises, by interrupting liquidity provision, have been viewed as resulting in welfare losses. In a model of banking with moral hazard, we show that second best bank contracts that improve on autarky ex ante require ...
  • The Living Wage: Reducing inequality in the UK? 

    Morelli, Carlo; Seaman, Paul (University of Dundee, 2010)
    The revival of support for a living wage has reopened a long-run debate over the extent to which active regulation of labour markets may be necessary to attain desired outcomes. Market failure is suggested to result in ...
  • Local consumption and territorial based accounting for CO2 Emissions 

    Hermannsson, Kristinn; McIntyre, Stuart (University of Strathclyde, 2013)
    We examine the complications involved in attributing emissions at a sub-regional or local level. Speci cally, we look at how functional specialisation embedded within the metropolitan area can, via trade between sub-regions, ...
  • Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy 

    Senay, Ozge; Sutherland, Alan (University of St Andrews, 2010)
    The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts ...
  • Lock-in, path dependence, and the Internationalization of QWERTY 

    Kay, Neil M (University of Strathclyde, 2013)
    This paper looks at the emergence of what is described here as the QWERTY family of standards (QWERTY and its international adaptations QZERTY, AZERTY, and QWERTZ). QWERTY has been described as an inferior solution and an ...
  • The long run relationship between stock prices and goods prices: new evidence from panel cointegration 

    Gregoriou, Andros; Kontonikas, Alexandros (University of GlasgowBrunel Business School, 2008)
    We examine the long run relationship between stock prices and goods prices to gauge whether stock market investment can hedge against inflation. Data from sixteen OECD countries over the period 1970-2006 are used. We ...
  • The Long Term Prospects for Activity in the UK Continental Shelf 

    Kemp, Alexander G.; Stephen, Linda (University of Aberdeen, 2010)
  • Longitudinal analysis of income-related health inequality 

    Allanson, Paul; Petrie, Dennis; Gerdtham, Ulf-G (University of DundeeUniversity of Aberdeen, 2008)
    This paper considers the characterisation and measurement of income-related health inequality using longitudinal data. The paper elucidates the nature of the Jones and Lopez Nicholas (2004) index of “health-related income ...
  • Longitudinal analysis of income-related health inequality: welfare foundations and alternative measures 

    Allanson, Paul (University of Dundee, 2010)
    This paper elaborates the approach to the longitudinal analysis of income-related health inequalities first proposed in Allanson, Gerdtham and Petrie (2010). In particular, the paper establishes the normative basis of their ...
  • Macroeconomics: Science or Faith Based Discipline? 

    Russell, Bill (University of Dundee, 2013)
    Whether or not macroeconomics is a science depends on the scientific nature of macroeconomic theories and how the discipline responds when the empirical evidence fails to match the underlying assumptions and predictions of ...
  • Mafia in the ballot box 

    De Feo, Giuseppe; De Luca, Giacomo (University of StrathclydeUniversity of York, 2013)
    We study the impact of organized crime on electoral competition. Assuming that the mafia is able to bring votes to the supported party in exchange of money, we show that (i) the strongest party is willing to pay the highest ...

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