Search
Now showing items 1-8 of 8
Inflation Dynamics and the Cost Channel: The Small Open Economy Case
(Private Enterprise Research Center, Texas A&M University, 2014-05-19)
This paper investigates the cost channel of monetary policy, transmitting its effect on economic activities other than conventional demand side, in a small open economy. The innovations lie in examination of the cost ...
The Increase Convex Order and the Tradeoff of Size for Risk
(Private Enterprise Research Center, Texas A&M University, 2014-02-01)
One random variable is larger than another in the increasing convex order if that random variable is preferred or indifferent to the other by all decision makers with increasing and convex utility functions. Decision makers ...
Market Concentration, Price Dispersion and Inefficient Cross-hauling in the Laboratory
(Private Enterprise Research Center, Texas A&M University, 2014-04-01)
This paper presents experimental evidence suggesting that persistent price dispersion that violates the law of one price may be a disequilibrium phenomena. Increasing market concentration increases the pecuniary incentive ...
Testing Risk Dominance and Payoff Dominance in Repeated Global Stag Hunt Games
(Private Enterprise Research Center, Texas A&M University, 2014-04-01)
In any 22 global game, Carlsson and van Damme (1993b) showed that the game has a unique dominance solvable equilibrium that corresponds to the risk dominant equilibrium of the related common knowledge game with multiple ...
A Model to Evaluate Vehicle Emission Incentive Policies in Japan
(Private Enterprise Research Center, Texas A&M University, 2014-06-01)
Using three years of data from the 47 prefectures of Japan, the authors estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. ...
Does Playing Against an Error Prone Opponent Influence Learning in Nim?
(Private Enterprise Research Center, Texas A&M University, 2014-04-01)
When learning to play a game well, does it help to play against an opponent who makes the same sort of mistakes one tends to make or is it better to play against a procedurally rational algorithm, which never makes mistakes? ...
The Identification of Response of Stock Returns to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks
(Private Enterprise Research Center, Texas A&M University, 2014-08-11)
The authors investigate two related approaches to dealing with the possible joint repsonse bias in using Kuttner's approach to identifying monetary policy's impact on stock returns - the methodology recently suggested by ...
Impact of China's Urban Employee Basic Medical Insurance on Health Care Expenditures and Health Outcomes
(Private Enterprise Research Center, Texas A&M University, 2014-12-01)
At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a ...