Empirical Analysis

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Hodaka Morita - One of the best experts on this subject based on the ideXlab platform.

  • Internal Promotion and External Recruitment: A Theoretical and Empirical Analysis
    Journal of Labor Economics, 2013
    Co-Authors: Jed Devaro, Hodaka Morita
    Abstract:

    We present a theoretical and Empirical Analysis of internal promotion versus external recruitment, using a job-assignment model involving competing firms with heterogeneous productivities and two-level job hierarchies with one managerial position. The model predicts that, controlling for the number of managers, increasing the number of lower-level workers is associated with (1) greater internal promotion as opposed to external recruitment, (2) higher profit, and (3) more general training. Empirical Analysis of a large cross section of British employers is consistent with these predictions.

Andrew C. Worthington - One of the best experts on this subject based on the ideXlab platform.

  • The Empirical Analysis Of Fiscal Illusion
    1996
    Co-Authors: Brian Dollery, Andrew C. Worthington
    Abstract:

    This paper examines the Empirical Analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate Empirical research into the revenue-complexity hypothesis, the revenue-elasticity hypothesis, the flypaper effect, renter illusion, and debt illusion.

  • THE Empirical Analysis OF FISCAL ILLUSION
    Journal of Economic Surveys, 1996
    Co-Authors: Brian Dollery, Andrew C. Worthington
    Abstract:

    This paper examines the Empirical Analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate Empirical research into the revenue-complexity hypothesis, the revenue-elasticity hypothesis, the flypaper effect, renter illusion, and debt illusion. Copyright 1996 by Blackwell Publishers Ltd

Brian Dollery - One of the best experts on this subject based on the ideXlab platform.

  • A Note on The Empirical Analysis of Wagner’s Law
    Economic Analysis and Policy, 1998
    Co-Authors: Brian Dollery, Sukhvinder Singh
    Abstract:

    This paper examines the Empirical Analysis of the two main hypotheses subsumed under Wagner's Law. Both "Wagner's Law Version One: Restructuring Society" and "Wagner's Law Version Two: Income-Elastic Demand" have received considerable attention in the literature, although the latter version somewhat more than the former. Empirical support for both variants of Wagner's Law is mixed, probably due to the imprecision with which they are formulated and the resulting scope for diversity in Empirical methodology.

  • The Empirical Analysis Of Fiscal Illusion
    1996
    Co-Authors: Brian Dollery, Andrew C. Worthington
    Abstract:

    This paper examines the Empirical Analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate Empirical research into the revenue-complexity hypothesis, the revenue-elasticity hypothesis, the flypaper effect, renter illusion, and debt illusion.

  • THE Empirical Analysis OF FISCAL ILLUSION
    Journal of Economic Surveys, 1996
    Co-Authors: Brian Dollery, Andrew C. Worthington
    Abstract:

    This paper examines the Empirical Analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate Empirical research into the revenue-complexity hypothesis, the revenue-elasticity hypothesis, the flypaper effect, renter illusion, and debt illusion. Copyright 1996 by Blackwell Publishers Ltd

Jed Devaro - One of the best experts on this subject based on the ideXlab platform.

  • Internal Promotion and External Recruitment: A Theoretical and Empirical Analysis
    Journal of Labor Economics, 2013
    Co-Authors: Jed Devaro, Hodaka Morita
    Abstract:

    We present a theoretical and Empirical Analysis of internal promotion versus external recruitment, using a job-assignment model involving competing firms with heterogeneous productivities and two-level job hierarchies with one managerial position. The model predicts that, controlling for the number of managers, increasing the number of lower-level workers is associated with (1) greater internal promotion as opposed to external recruitment, (2) higher profit, and (3) more general training. Empirical Analysis of a large cross section of British employers is consistent with these predictions.

Ashley Wang - One of the best experts on this subject based on the ideXlab platform.

  • electricity forward prices a high frequency Empirical Analysis
    Journal of Finance, 2004
    Co-Authors: Francis A Longstaff, Ashley Wang
    Abstract:

    We conduct an Empirical Analysis of forward prices in the PJM electricity market using a high-frequency data set of hourly spot and day-ahead forward prices. We find that there are significant risk premia in electricity forward prices. These premia vary systematically throughout the day and are directly related to economic risk factors, such as the volatility of unexpected changes in demand, spot prices, and total revenues. These results support the hypothesis that electricity forward prices in the Pennsylvania, New Jersey, and Maryland market are determined rationally by risk-averse economic agents. Copyright 2004 by The American Finance Association.

  • electricity forward prices a high frequency Empirical Analysis
    The Finance, 2002
    Co-Authors: Francis A Longstaff, Ashley Wang
    Abstract:

    We conduct an Empirical Analysis of electricity forward prices using a high-frequency data set of hourly spot and day-ahead forward prices. We find that there are significant risk premia in electricity forward prices. These premia vary systematically throughout the day and are directly related to economic risk factors such as the volatility of unexpected changes in prices and demand as well as the risk of price spikes. In contrast to the popular post-Enron view that electricity markets are easily manipulated, these results support the hypothesis that electricity forward prices are determined rationally by risk-averse economic agents.