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Solution and Estimation of RE Macromodels with Optimal Policy

Macro models of monetary policy typically involve forward looking behavior. Except in rare circumstances, we have to apply some numerical method to find the optimal policy and the rational expectations equilibrium. This paper summarizes a few useful methods, and shows how they can be combined with a Kalman filter to estimate the deep model parameters with maximum likelihood....

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English / 01/01/1999

The Empirics of Private Restraints and International Trade: What Can Policymakers Learn from the Economic Literature?

The ongoing debate on the merits of taking state action against private firms, whose practices have allegedly restricted market access, has made little reference to the policy implications of economic analyses of those practices. This disconnect between economic research and policymaking in one critical overlap between trade and competition policy is troubling, especially as these...

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English / 01/01/1999

Conditional Market Segmentation by Neural Networks: A Monte Carlo Study

An artificial neural network (ANN) algorithm is proposed that incorporates both market segmentation and discriminant (regression) analysis of the segments. The method simultaneously estimates the models relating consumer characteristics to market segments, i.e., subjects are assigned to (unique) segments so that subjects within a class show similar purchase behavior and share the...

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English / 01/01/1999

Models of citizenship, political opportunities, and the claim-making of immigrants and ethnic minorities: A comparison of France and Switzerland

In this paper we discuss the institutional setting, both cultural and political, for the claim-making of immigrants and ethnic minorities and derive a number of hypotheses regarding variations in the extent, forms, and content of claim-making. The general underlying idea is that the political-institutional setting shapes the modalities of claim-making, while the cultural-...

Institution partenaire

Université de Genève

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English / 01/01/1999

Regulatory reform of telecommunications in Switzerland

National policies towards the regulation of the telecommunications industry have undergone significant change in response to technological progress and increasing competition. This article discusses the consecutive revisions of the Swiss regulatory framework during the 1990's and presents lessons to be drawn from this process. After reviewing the Telecommunications Act (...

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English / 31/12/1998

Changing places—the role of heterogeneity and externalities in cumulative processes

We consider a simple class of dynamic games. A continuum of players chooses between two actions (“locations”) in each period; per-period payoffs depend positively on the number of players choosing the same action. The resulting dynamics are investigated. If one location receives a favorable shock, the effects of the strength of externalities and the heterogeneity of the population on...

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English / 23/12/1998

Tariffs, quotas and terms-of-trade: the case of New Zealand

This paper reports quantitative information on the effects of tariffs and quotas on prices of individual goods. The analyses uses the natural experiment provided by a comprehensive unilateral trade policy reform in New Zealand to examine the response of foreign exporters to an incident of liberalisation that is unique in the developed world. The price effects of tariffs and quotas...

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English / 16/12/1998

Pareto-Verbesserungen in der Sozialversicherung durch Selbstselektion ihrer Mitglieder

In der Sozialversicherung gelten Risikoselektionen als unerwuenscht, weil sie die Gefahr mit sich bringen, dass der einheitliche Risikopool in der Sozialversicherung aufgespalten und die sozialpolitisch gewuenschten Umverteilungsstroeme zwischen den Versicherten reduziert werden. Der Beitrag zeigt am Beispiel der sozialen Krankenversicherung in der Schweiz und der Bundesrepublik...

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English / 01/12/1998

Is job stability declining in Germany? Evidence from Count Data Models

The macro evidence of increased adjustment pressure since the early 1970s suggests that job mobility should have increased. Hence, retrospective and spell data from the German Socio-Economic Panel are combined in order to test the hypothesis that job stability for German workers declined between 1974 and 1994. Using count data regression models in which we control for labour market...

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English / 01/11/1998

The Estimation of an Average Cost Frontier to Calculate Benchmark Tariffs for Electricity Distribution

In this paper we have examined the scale and cost inefficiency of a sample of Swiss electricity distribution utilities. To do so, we have considered estimation of a stochastic frontier average cost model using the approach suggested by Schmidt and Sickles (1984) for panel data. A translog cost function was estimated using panel data for a sample of 30 municipal utilities over the...

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English / 01/09/1998

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