Mathematical models describing the effects of different tax evasion...
Microscopic models describing a whole of economic interactions in a closed society are considered. The presence of a tax system combined with a redistribution process is taken into account, as well as...
View ArticleSur la d\'ecomposabilit\'e empirique des indicateurs de pauvret\'e....
We study the empirical decomposition of poverty indicators. This property is very important and convenient in the context of the fight against poverty. Indeed, it makes it possible to put in place...
View ArticleThe Influence of Collaboration in Procurement Relationships....
Supply Chain Management often requires independent organizations to work together to achieve shared objectives. This collaboration is necessary when coordinated actions benefit the group more than the...
View ArticleEconomic information from Smart Meter: Nexus Between Demand Profile and...
In this paper, we demonstrate that a consumer's marginal system impact is only determined by their demand profile rather than their demand level. Demand profile clustering is identical to cluster...
View ArticleMovie Trailer: Banking on Bitcoin
Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. The film shows the players who are defining how...
View ArticleWhy Persuading People with Facts Doesn't Work At Times
The British Psychological Society's Research Digest reports on a new study by Gregory Trevors and his colleagues. Â They examined why we fail at times to persuade people with factual evidence. Â Why...
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Narrative and Numbers: How a number cruncher learned to tell stories!
When I taught my first valuation class in 1986 at New York University, I taught it with numbers, with barely a mention of stories. It was only with the passage of time that I realized that my...
View ArticleNAG Numerical Library - Data Solutions - Marketplace.MoneyScience
Marketplace: NAG Numerical Library - 100s of algorithms which are powerful, reliable, flexible and ready for use. https://t.co/L1Edz4YD7l — Financial…
View ArticlePlanet Trump
With Donald Trump as president, 2017 will mark the beginning of a darker global order https://t.co/HZfrYwsOFM http://pic.twitter.com/n2OUXcm2tY — The Economist…
View ArticleTrading strategies for stock pairs regarding to the cross-impact cost....
We extend the framework of trading strategy for single stocks from Gatheral [2010] to a pair of stocks. Our trading strategy with the executions of two round-trip trades can be described by the trading...
View ArticleRobust Portfolio Optimisation with Specified Competitors. (arXiv:1701.02958v1...
We extend Relative Robust Portfolio Optimisation models to allow portfolios to optimise their distance to a set of benchmarks. Portfolio managers are also given the option of computing regret in a way...
View ArticleModeling stochastic skew of FX options using SLV models with stochastic...
It is known that the implied volatility skew of FX options demonstrates a stochastic behavior which is called stochastic skew. In this paper we create stochastic skew by assuming the spot/instantaneous...
View ArticleExit, Tweets and Loyalty -- by Joshua S. Gans, Avi Goldfarb, Mara Lederman
Hirschman's Exit, Voice, and Loyalty highlights the role of "voice" in disciplining firms for low quality. We develop a formal model of voice as a relational contact between firms and consumers and...
View ArticleSubsidizing Fuel Efficient Cars: Evidence from China's Automobile Industry --...
The Chinese automobile market is the largest in the world with annual sales exceeding 20 million vehicles. The tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local...
View ArticleThe Effect of State Medicaid Expansions on Prescription Drug Use: Evidence...
This study provides a national analysis of how the 2014 Affordable Care Act (ACA) Medicaid expansions have affected aggregate prescription drug utilization. Given the prominent role of prescription...
View Article'Acting Wife': Marriage Market Incentives and Labor Market Investments -- by...
Do single women avoid career-enhancing actions because these actions could signal personality traits, like ambition, that are undesirable in the marriage market? We answer this question through two...
View ArticlePrestige and Profit: The Royal Society of Arts and Incentives for Innovation,...
Debates have long centered around the relative merits of prizes and other incentives for technological innovation. Some economists have cited the experience of the prestigious Royal Society of Arts...
View ArticlePolitical Determinants of Competition in the Mobile Telecommunication...
We study how political factors shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the game has an impact on concentration, competition, and...
View ArticleLocation Choice, Portfolio Choice -- by Ioannis Branikas, Harrison Hong,...
Households hold nondiversified stock portfolios of firms headquartered near their city of residence. Explanations assign a causal role for proximity, either in generating an informational advantage or...
View ArticleMisallocation, Selection and Productivity: A Quantitative Analysis with Panel...
We use household-level panel data from China and a quantitative framework to document the extent and consequences of factor misallocation in agriculture. We find that there are substantial frictions in...
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