Title:Envy can promote more equal division in alternating-offer bargaining
Author(s):KOHLER, StefanDate:2013Type of Publication:ArticleAbstract:Bargainers in an open-ended, alternating-offer bargaining situation may perceive envy, a utility loss caused by receiving the smaller share, which is modeled in some social preferences in addition to self-interest. I extend ...
Title:Market regulation and firm performance : the case of smoking bans in the United Kingdom
Author(s):ADDA, Jérôme; BERLINSKI, Samuel; MACHIN, StephenDate:2012Type of Publication:ArticleAbstract:This paper analyzes the effects on firms of a ban on smoking in public places. Our empirical strategy relies on comparing outcomes in Scotland before and after the Scottish smoking ban (introduced in March 2006) with those ...
Title:The multiscale causal dynamics of foreign exchange markets
Author(s):BEKIROS, Stelios; MARCELLINO, MassimilianoDate:2013Type of Publication:ArticleAbstract:This paper relies on wavelet multiresolution analysis to investigate the dependence structure and predictability of currency markets across different timescales. It explores the nature and direction of causality among the ...
Title:On the Predictability of Time-Varying VAR and DSGE Models
Author(s):BEKIROS, Stelios D.; PACCAGNINI, AlessiaDate:2012Type of Publication:ArticleAbstract:Over the last few years, there has been a growing interest in DSGE modelling for predicting macroeconomic fluctuations and conducting quantitative policy analysis. Hybrid DSGE models have become popular for dealing with ...