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This article proposes two mechanisms that allow actors to obtain unearned advantages in labor markets. The first mechanism is consistent with collusive closure arguments. However, it questions t...
Testing for Structural Change in the Predictability of Asset Returns.
Structural Closure and Exposure:Market Reactions to Announcements of Acquisitions and Divestitures.
This paper advocates a spatial dynamic model that introduces technology diffusion, factor mobility, and structural change into the cross-region growth regression. The spatial setting is derived from t...
It is common wisdom that no nation is an isolated economic island. All nations participate in the global economy and are linked together through trade and finance. Here we analyze international trade ...
We introduce a new and highly tractable structural model for spot and derivative prices in electricity markets. Using a stochastic model of the bid stack, we translate the demand for power and the pri...
Organized retailing is a sunrise industry in India. Many big industrial houses and international players are in the arena. The perfect competition in the market posed many challenges to retailers for ...
Using factor methods, we decompose industrial production (IP) into components arising from aggregate and sector-specific shocks. An approximate factor model finds that nearly all of IP variability is ...
A quantitative method to evaluate social risk using structural equation model (SEM) is developed. Evaluation of social risk is the essential step in early warning of social risk. On the basic of the s...
The article describes the concentration process, structural changes and competitiveness in the German agri-food sector over the last decade. This descriptive analysis aims to outline the developments ...
Analyses the relationship between satisfaction with mail-order speciality food attributes, overall satisfaction, and likelihood of future purchase using a structural equation model. The results indic...
This paper is completed in July 2000, when I ama visiting fellow at China Center for Economic Research (CCER), Peking University. I am indebted to HAI Wen and YAO Yang for their kindly discussion thro...
The paper is focused on the actual problems of agricultural producers’ incomes. Currently these become one of the monitored descriptors of maintaining of social stability in agriculture and in the co...
The change of the economic system from the socialist central planning system to the market economy required the reorganisation not only of agricultural production, but also of the organisations suppo...
We consider the estimation of a structural vector autoregressive model of nonstationary and possibly cointegrated variables without the prior knowledge of unit roots or rank of cointegration. We propo...

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