“Recessions are easily recognizable from a decrease in GDP. What really should interest us, however, is the difference between the potential of an economy and its actual performance” said Stiglitz in 2002. In the literature two approaches of productivity and efficiency analysis can be found, namely neoclassical approach and a frontier approach know as data envelopment analysis (DEA). Under neoc...

The purpose of this paper is to present some results about the determinants of book-loans from local public libraries in Norway. The investigation is based on quasi-demand functions where travel time, as an indicator of the shadow price of book-loans, average personal income, information on the book stock, and on other media available at the library, are main explanatory variables. We use panel...

abstract producing of flowers and ornamental plants in iran has some challenges and failure in the market structure and marketing of these products. in this study, we evaluated the different marketing channels of flowers and ornamental plants in the existing market structure according to economic criteria and the characteristics of market structure. cut-rose and esfahan province were selected a...

We investigate present some new statistical properties of order books. We analyse data from the Nasdaq and investigate (a) the statistics of incoming limit order prices, (b) the shape of the average order book, and (c) the typical life time of a limit order as a function of the distance from the best price. We also determine the ‘price impact’ function using French and British stocks, and find ...

Abstrak
 Pembatasan mobilitas dalam penanganan Covid-19 berdampak pada penurunan kinerja sektor bisnis di Indonesia. Namun berdasarkan kontribusinya terhadap Produk Domestik Bruto, perbedaan yang kontradiktif antara subsektor Hotel, Restoran dan Pariwisata dengan Food and Beverage belum diteliti secara pasti apakah tersebut tercemin keuangannya. Fokus penelitian adalah untuk mengidentifika...

Introduction The prestige of book publishers is an important element for the assessment of SSH scholars in Spain. Until 2012, that ‘prestige’ remained based upon subjective, individual judgements from assessment committees’ members. In order to provide a more objective reference for the prestige of book publishers, ÍLIA research group developed a ranking of book publishers (so called SPI) based...

We study the cause of large fluctuations in prices on the London Stock Exchange. This is done at the microscopic level of individual events, where an event is the placement or cancellation of an order to buy or sell. We show that price fluctuations caused by individual market orders are essentially independent of the volume of orders. Instead, large price fluctuations are driven by liquidity fl...