Now showing items 231-240 of 243
Measuring the benefit fromreducing incomeinequality in terms of GDP
Given that well-being is a concave function of income, inequality is ineffcient from a utilitarian perspective. This paper proposes a way to express the utilitarian benefit from redistributive reforms in terms of out- put, ...
Functional Principal Component Analysis for Derivatives of Multivariate Curves
We present two methods based on functional principal component analysis (FPCA) for the estimation of smooth derivatives of a sample of random functions, which are observed in a more than one-dimensional domain. We apply ...
Blooming Landscapes in the West? - German reunification and the price of land.
German reunification was a positive market access shock for both East and West Germany. Regions that for 45 years had experienced a decline in population due to their loss in market access following the division of Germany ...
The Cross-Section of Crypto-Currencies as Financial Assets: An Overview
Crypto-currencies have developed a vibrant market since bitcoin, the first crypto-currency, was created in 2009. We look at the properties of cryptocurrencies as financial assets in a broad cross-section. We discuss ...
Protecting Unsophisticated Applicants in School Choice through Information Disclosure
Unsophisticated applicants can be at a disadvantage under manipulable and hence strategically demanding school choice mechanisms. Disclosing information on applications in previous admission periods makes it easier to asses ...
Time-Adaptive Probabilistic Forecasts of Electricity Spot Prices with Application to Risk Management.
The increasing exposure to renewable energy has amplified the need for risk management in electricity markets. Electricity price risk poses a major challenge to market participants. We propose an approach to model and ...
Aggregate Employment,Job PolarizationAnd Inequalities
A Transatlantic Perspective
This paper develops a multi-sectorial search and matching model with endogenous occupational choice in a context of structural change. Our objective is to shed light on the way labor market institutions affect aggregate ...