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1 - 10 van 56 voor pricing models
dp175 systemic risk across sectors pdf
... g., p. gagliardini and g. urga, 2004, testing asset pricing models with coskewness, journal of business economic statistics, vol. 22, pp ... c.r. and a. siddique, 2000, conditional skewness in asset pricing tests, journal of finance, vol. 55, no. 3, pp. ... j. tawn, 2004, extreme value dependence in financial markets diagnostics, models, and financial implications, review of financial studies, vol. 17, no ...
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G:\data\pdf\lijesen\disc16.wpd [PFP#1221338023]
... models of oligopolistic competition in networks often use two part tariffs pricing schemes, existing of a fixed fee and a per unit price. oi (1971) was the first to study two part pricing, and many have followed, mostly relating it to monopoly settings. the main feature in two part pricing models ...
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linkages between financial and real sector economy pdf
... quantitative studies 27 3.2.2 dsge models 31 3.3 relation to cpb models 35 3.3.1 saffier 35 3. ... the available empirical evidence and at macroeconomic models that are guided empirically, i.e. dsge models, and their success in explaining economic development. ... a literature related to the cyclicality of spreads builds on asset pricing models. gomes et al. (2006) using stock return data and aliaga-diaz ...
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memo241.pdf
... view of the relatively smooth development of consumption over time. in a consumption-based asset pricing model, the equity premium depends on the covariance of the marginal utility of consumption ... most consumption-based asset pricing models fail to capture the cyclical properties of the price of risk, as the conditional distribution of the stochastic discount rate ((m) these models does not vary ...
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appendix derivations dsge model pdf
... use this discount factor rather than the standard stochastic discount factor in representative agent models is that differently aged households have different levels of consumption, so different levels of ... a key ingredient in matching inflation persistence according to christiano et al. (2005). the pricing equation is already assuming optimal behaviour in factor markets. so what is that behaviour? ...
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access regulation and adoption voip pdf
... to (i) a smaller customer base for voip telephony; 17 note that in standard models of price competition with differentiated products firms offer strategic complements. this gives rise to ... . tirole, 1998, network competition i. overview and nondiscriminatory pricing, rand journal of economics laffont, j.-j., and j. tirole, 1994, access pricing and competition, european economic review laffont, j.-j., ...
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Microsoft Word - DP128_demooij _2_.doc
... has less appeal since it exacerbates marginal investment distortions. the outcomes from numerical cge models confirm this, as table 2.1 reveals. this view ignores, however, international distortions ... we specify a convex cost function to capture the costs associated with manipulated transfer pricing. hence, profit shifting to countries with very low corporate tax rates becomes increasingly costly ...
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Microsoft Word - DP ECA voorblad.doc
... of corporate tax base consolidation, we use a numerical cge model for european union. cge-models are valuable for economic policy analysis as they combine three vital properties theoretical rigour, empirical ... that follows from the assumption of a convex marginal concealment cost of transfer pricing. gerard (2007) focuses on transfer pricing through a ...nancing detour in an un-active a liate in a ...
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Microsoft Word - discussion61.doc
... reserves constitutes another potential determinant of health plans' pricing behaviour. differences in accumulated reserves may lead to different pricing strategies. for instance, health plans with ... pricing strategy in order to realise a rapid increase of market share. 23 4 panel data estimations 4.1 five different estimation models we apply five different types of (unbalanced) panel data models ...
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Microsoft Word - don.doc
... in structure within given foundations . thus chapter 5 studies built-in stabilizers, changes in pricing and taxation schemes, monopolies, decentralization or centralization in administration and the appraisal of ... context of a large empirical econometric model. 3.1 usefulness and reliability of large models models are simplifications of reality. as tinbergen wrote get a clear view, things must ...
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