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Determinants of firm exit from exporting : evidence for the UK. (2012)
Journal Article
Harris, R., & Li, Q. (2012). Determinants of firm exit from exporting : evidence for the UK. International Journal of the Economics of Business, 18(3), 381-397. https://doi.org/10.1080/13571516.2011.618611

This study seeks to understand to what extent new exporters are able to survive in international markets and whether exit from exporting is more likely to be associated with firm-level heterogeneity or more general factors such as trade costs and/or... Read More about Determinants of firm exit from exporting : evidence for the UK..

When are signals complements or substitutes? (2012)
Journal Article
Börgers, T., Hernando-Veciana, A., & Krähmer, D. (2013). When are signals complements or substitutes?. Journal of Economic Theory, 148(1), 165-195. https://doi.org/10.1016/j.jet.2012.12.012

The paper introduces a notion of complementarity (substitutability) of two signals which requires that in all decision problems each signal becomes more (less) valuable when the other signal becomes available. We provide a general characterization wh... Read More about When are signals complements or substitutes?.

Robustness of intermediate agreements and bargaining solutions. (2012)
Journal Article
Anbarci, N., & Sun, C. (2013). Robustness of intermediate agreements and bargaining solutions. Games and Economic Behavior, 77(1), 367-376. https://doi.org/10.1016/j.geb.2012.11.001

Most real-life bargaining is resolved gradually. During this process parties reach intermediate agreements. These intermediate agreements serve as disagreement points in subsequent rounds. We identify robustness criteria which are satisfied by three... Read More about Robustness of intermediate agreements and bargaining solutions..

Production efficiency and excess supply (2012)
Journal Article
Reinhorn, L. (2012). Production efficiency and excess supply. Mathematical Social Sciences, 65(2), 92-100. https://doi.org/10.1016/j.mathsocsci.2012.09.002

This paper demonstrates that intermediate goods should not be taxed even in the presence of dividend payments to households. We also find that optimal government policy in a second best world may include stockpiles of output—private supply exceeds pr... Read More about Production efficiency and excess supply.

Cost thresholds, cut-offs and sensitivities in stated choice analysis: identification and implications. (2012)
Journal Article
Campbell, D., Hensher, D., & Scarpa, R. (2012). Cost thresholds, cut-offs and sensitivities in stated choice analysis: identification and implications. Resource and Energy Economics, 34(3), 396-411. https://doi.org/10.1016/j.reseneeco.2012.04.001

Within the discrete choice literature, there is growing recognition that some respondents do not process all attributes when evaluating their choice outcomes. Worryingly, the cost attribute is often among those attributes that are likely to be ignore... Read More about Cost thresholds, cut-offs and sensitivities in stated choice analysis: identification and implications..

Asset Prices, Credit and Business Cycles. (2012)
Journal Article
Chen, X., Kontonikas, A., & Montagnoli, A. (2012). Asset Prices, Credit and Business Cycles. Economics Letters, 117(3), 857-861. https://doi.org/10.1016/j.econlet.2012.08.040

This paper uses the multivariate unobserved components model with phase shifts to analyse the interaction of interest rates, output, asset prices and credit in the US. We find close linkages amongst cyclical fluctuations in the variables.

Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom. (2012)
Journal Article
Chen, X., & MacDonald, R. (2012). Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom. Journal of Money, Credit and Banking, 44(6), 1091-1116. https://doi.org/10.1111/j.1538-4616.2012.00524.x

This paper investigates underlying changes in the UK economy over the past 35 years using a small open economy dynamic stochastic general equilibrium model. Using Bayesian analysis, we find UK monetary policy, nominal price rigidity and exogenous sho... Read More about Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom..