This paper assesses whether partial exchange rate pass-through to trade prices has important implications for the prospective adjustment of global external imbalances. To address this question, we develop and estimate an open-economy DGE model in which pass-through is incomplete due to the presence of local currency pricing, distribution services, and a variable demand elasticity that leads to ...

This study proposes an unconventional partial adjustment valuation approach, as a comparison to stochastic production frontier evaluate the business values of information technology and E-commerce. Based on different settings speeds adjustment, two cases, constant case dynamic case, are conducted compared. With more realistic model design, we can investigate compare E-commerce with not only but...

Deficits in emotion-regulation skills have widely been shown to be associated with poor emotional adjustment. However, it is still unclear whether these deficits are a cause or a consequence of poor adjustment. The purpose of the present research was to clarify the reciprocal effects between these 2 concepts. In 2 studies (Ns = 446 and 635), self-reports of emotion regulation and emotional adju...

since tourism revenues play an important role in the economic performance of national economies, specifying factors affecting it and examination of demand for tourism have economic significance . a partial adjustment model of short run and long run demand for tourism short run and long run demand for tourism has been specified. the period of study is 1331-88 and the estimation method is ols. th...

We use qualitative data to analyze the key elements of the price adjustment processes used at a large industrial manufacturer and several of its major customers. We focus on a specific episode, a price cut, which most vividly exemplifies the themes that emerge from our data. In the specific episode, market forces clearly dictate that the firm should cut prices, and everyone in the firm agrees w...

We study how ongoing relationships between lead underwriters and institutional investors affect initial public offering (IPO) pricing. By introducing a new approach, we find that stronger reduce the partial adjustment of offer price, leaving ‘excess underpricing’ favors regular investors, especially in hot IPOs, while generating an agency cost for issuers. At same time, to higher prices, since ...

The ability to interpret epidemiologic observations is limited because of potential residual confounding by correlated dietary components. Dietary pattern analyses by factor analysis or partial least squares may overcome the limitation. To examine confounding by dietary pattern as well as standard risk factors and selected nutrients, the authors modeled the longitudinal association between alco...

Motivation is assumed to influence behaviors via perceived agency over goal pursuits, but empirical research integrating motivation and action-control processes in social development is close to nonexistent. We applied this perspective to the study of early adolescent friendships by examining motivation for and perceived control (ability and effort) over establishing and maintaining friendships...