Now showing items 21-30 of 243
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 ...
Employment Polarization and Immigrant Employment Opportunities
Building on the task-based approach of technological change, this paper discusses the interaction between occupational polarization (e.g. a gradual increase of native employment in the lowest and highest-paying jobs) and ...
Pitfalls and Perils of Financial Innovation
The Use of CDS by Corporate Bond Funds
We use the financial crisis of 2007–2009 as a laboratory to examine the costs and benefits of teams versus single managers in asset management. We find that when a fund uses complex trading strategies involving the use ...
Characterizing the Financial Cycle
Evidence from a Frequency Domain Analysis
A growing body of literature argues that the financial cycle is considerably longer in duration and larger in amplitude than the business cycle and that its distinguishing features became more pronounced over time. This ...
Change point and trend analysesof annual expectile curvesof tropical storms
Abstract: Motivated by the conjectured existence of trends in the intensity of tropical storms, this paper proposes new inferential methodology to detect a trend in the annual pattern of environmental data. The new methodology ...