28 research outputs found
Refinement of solutions to the linear complimentarity problem
No full textNash equilibrium;game theaory;matrices
Price competition between an expert and a non-expert
No full textprice competition;product differentiation;quality
A note on games corresponding to sequencing situations with due dates
No full textconvex cooperative games;one-machine sequencing situations;due dates;ready times
A test strategy for spurious spatial regression, spatial nonstationarity, and spatial cointegration
No full textA test strategy consisting of a two-step Lagrange Multiplier test is suggested as a device to reveal spatial nonstationarity and spurious spatial regression. It is further illustrated how the test strategy can be used as a diagnostic for presence of a spatial cointegrating relationship between two variables. Using Monte Carlo simulations it is shown that the small-sample behaviour of the test strategy is as desired in these cases. Copyright (c) 2006 the author(s). Journal compilation (c) 2006 RSAI.
Thresholds for employment and unemployment: A spatial analysis of German regional labour markets, 1992-2000
No full textThis paper applies Verdoorn's and Okun's law to derive efficient estimates of the employment and unemployment threshold in the Unified Germany. The analysis is built on a disaggregated dataset of regional labour markets, where spatial dependencies are taken into account. Especially, a spatial SUR model is proposed utilising the eigenfunction decomposition approach suggested by Griffith (1996, 2000). The thresholds turn out to be unstable over time. However, minimum output growth sufficient for a rise in employment is below the level needed for a drop in the unemployment rate. If spatial effects are ignored, the thresholds seem to be markedly overrated. Copyright (c) 2006 the author(s). Journal compilation (c) 2006 RSAI.
Emotional reactions to the outcomes of decisions: The role of counterfactual thought in the experience of regret and disappointment
No full textdecision making;consumer behavior
