Now showing items 1-20 of 83 starting with 0

    • ​Afriat's Theorem and Samuelson's 'Eternal Darkness' 

      Polisson, Matthew; Renou, Ludovic (2016-08) - Journal article
      Suppose that we have access to a finite set of expenditure data drawn from an individual consumer, i.e., how much of each good has been purchased and at what prices. Afriat (1967) was the first to establish necessary and ...
    • Altruism and global environmental taxes 

      Daube, Marc (2018-09-20) - Journal article
      A global externality like the GHG emissions leading to climate change are both due to free-riding at the individual level as well as the government level. A government aiming to maximise domestic social welfare may make ...
    • Antitrust penalties and the implications of empirical evidence on cartel overcharges 

      Katsoulacos, Yannis; Ulph, David Tregear (2013-11) - Journal article
      In this paper we provide a number of extensions to the theory of antitrust fines and we use these, with existing and new datasets, to contribute to a better understanding of the current fining policies of Competition ...
    • Asymmetric dominance, deferral and status quo bias in a behavioral model of choice 

      Gerasimou, Georgios (2016-02) - Journal article
      This paper proposes and axiomatically characterizes a model of choice that builds on the criterion of partial dominance and allows for two types of avoidant behavior: *choice deferral* and *status quo bias*. These phenomena ...
    • A behavioural model of choice in the presence of decision conflict 

      Gerasimou, Georgios (University of St Andrews, 2013-05) - Working or discussion paper
      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 choice when preference-incomparable options ...
    • BitView : using blockchain technology to validate and diffuse global usage data for academic publications 

      Camillo Lamanna; La Manna, Manfredi M A (Springer Nature, 2018-11-15) - Conference item
      We suggest that blockchain technology could be used to underpin a validated, reliable, and transparent usage metric for research outputs. Previous attempts to create online usage metrics have been unsuccessful largely ...
    • Capital regulation and systemic risk in the insurance sector 

      Gehrig, Thomas; Iannino, Maria Chiara (2018-06-19) - Journal article
      This paper analyses systemic risk in and the effect of capital regulation on the European insurance sector. In particular, the evolution of an exposure measure (SRISK) and a contribution measure (Delta CoVaR) are analyzed ...
    • A characterization of risk-neutral and ambiguity-averse behavior 

      Gerasimou, Georgios (University of St Andrews, 2015-12-09) - Working or discussion paper
      This paper studies a decision maker who chooses monetary bets/investment portfolios under pure uncertainty. Necessary and sufficient conditions on his preferences over these objects are provided for his choice behavior to ...
    • The Chinese Phillips curve – inflation dynamics in the presence of structural change 

      Egan, Paul Gerard; Leddin, Anthony J (2017-05-16) - Journal article
      This paper models inflation dynamics in China from 1987 to 2014 using a Phillips curve framework. The Phillips curve is generally estimated under the assumption of linearity and parameter constancy. The existence of ...
    • Choice, deferral and consistency 

      Costa-Gomes, Miguel; Cueva, Carlos; Gerasimou, Georgios (University of St Andrews, 2014-12-26) - Working or discussion paper
      In this paper we study decision making in situations where the individual's preferences are not assumed to be complete. First, we identify conditions that are necessary and sufficient for choice behavior in general domains ...
    • Choosing on Influence 

      Cuhadaroglu, Tugce (2017-05-26) - Journal article
      Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals ...
    • The clarity incentive for issue engagement in campaigns 

      Basu, Chitralekha; Knowles, Matthew Paul (2017-06-14) - Working or discussion paper
      Although parties focus disproportionately on favorable issues in their election campaigns, it is also the case that parties spend much of the ‘short campaign’ addressing the same issues – and especially salient issues. If ...
    • A comment on "Can relaxation of beliefs rationalize the winner's curse? An experimental study" 

      Costa-Gomes, M.A.; Shimoji, M. (2015) - Journal article
      Ivanov, Levin, and Niederle (2010) use a common-value second-price auction experiment to reject beliefs-based explanations for the winner's curse. ILN's conclusion, however, stems from the misuse of theoretical arguments. ...
    • Cost of borrowing shocks and fiscal adjustment 

      de Groot, Oliver; Holm-Hadulla, F.; Leiner-Killinger, N. (2015-12) - Journal article
      Do capital markets impose fiscal discipline? To answer this question, we estimate the fiscal response to a change in the interest rate paid by 14 European governments over four decades in a panel VAR, using sign restrictions ...
    • The cost of political intervention in monetary policy 

      Cobham, David; Papadopoulos, Athanasios; Zis, George (School of Economics and Finance, University of St Andrews., 2001) - Working or discussion paper
      Data from a unique monetary ‘experiment’ conducted in the UK during the period 1994-97 are used to investigate the cost of political intervention in monetary policy. The paper finds that the difference between government ...
    • Dirty little secrets : inferring fossil-fuel subsidies from patterns in emission intensities 

      Stefanski, Radoslaw (University of St Andrews, 2017-03-06) - Working or discussion paper
      I develop a unique database of international fossil-fuel subsidies by examining country specific patterns in carbon emission-to-GDP ratios, known as emission-intensities. For most - but not all - countries, intensities ...
    • Disinflation and exchange-rate pass-through 

      Senay, Ozge (2008-04) - Journal article
      This paper analyzes exchange-rate dynamics following a money-based disinflation under different degrees of exchange-rate pass-through. Using a microfounded dynamic general equilibrium model with imperfect competition and ...
    • Dominance solvable games with multiple payoff criteria 

      Gerasimou, Georgios (University of St Andrews, 2014-07-25) - Working or discussion paper
      Two logically distinct and permissive extensions of iterative weak dominance are introduced for games with possibly vector-valued payoffs. The first, iterative partial dominance, builds on an easy-to-check condition but ...
    • Dynamic benchmark targeting 

      Schlag, Karl H.; Zapechelnyuk, Andriy (2017-05-01) - Journal article
      We study decision making in complex discrete-time dynamic environments where Bayesian optimization is intractable. A decision maker is equipped with a finite set of benchmark strategies. She aims to perform similarly to ...
    • Earnout financing in the financial services industry 

      Barbopoulos, Leonidas G.; Molyneux, Phil; Wilson, John O.S. (2016-10) - Journal article
      This paper explores the effects of earnout contracts used in US financial services M&A. We use propensity score matching (PSM) to address selection bias issues with regard to the endogeneity of the decision of financial ...