International Mobility, Joint Working and European Research
نویسندگان
چکیده
منابع مشابه
International Centre for Economic Research Working Paper Series
Let C be a field of subsets of a set I. It is well known that the space FA of all the finitely additive games of bounded variation on C is the norm dual of the space of all simple functions on C. In this paper we prove that the space BV of all the games of bounded variation on C is the norm dual of the space of all simple games on C. This result is equivalent to the compactness of the unit ball...
متن کاملInternational Centre for Economic Research Working Paper Series
In the paper a new approach to the modelling of common components in long memory processes is introduced. The approach is based on a two-step procedure relying on Fourier transform methods ( rst step) and principal components analysis (second step), which, di¤erently from previous contributions to the literature, allows the modelling of large data sets, both in terms of temporal and cross-secti...
متن کاملInternational Centre for Economic Research Working Paper Series
We design the revenue-maximizing auction for two goods when each buyer has bi-dimensional private information and a superadditive utility function (i.e., a synergy is generated if a buyer wins both goods). In this setting the seller is likely to allocate the goods inefficiently with respect to an environment with no synergies [see Armstrong, RES (2000)]. In particular, if the synergy is large t...
متن کاملInternational Centre for Economic Research Working Paper Series
This paper presents an empirical analysis of the controversial relationship between financial system development and economic development. Using cointegration and VAR estimations on annual data from Africa, we examine the nature of the relationship between financial development and income. We find mixed results on both the short and the long-run relationships between the two variables. We find ...
متن کاملInternational Centre for Economic Research Working Paper Series
The purpose of this paper is to define a bivariate Lévy process by subordination of a Brownian motion. In particular we investigate a generalization of the bivariate Variance Gamma process proposed in Luciano and Schoutens [8] as a price process. Our main contribution here is to introduce a bivariate subordinator with correlated Gamma margins. We characterize the process and study its dependenc...
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ژورنال
عنوان ژورنال: European Review
سال: 2019
ISSN: 1062-7987,1474-0575
DOI: 10.1017/s1062798718000510