... Mill (1874): “[Political economy] is concerned with him [a human] solely as a being who desires to possess wealth, and who is capable of judging the comparative efficacy of means for obt[r] ...
... 6.4 定式化準備:変数一覧 内生変数 ( モデル内で決まる変数 ) : Y : GDP 、 R: 利子率。小文字の変数は外生変数 ( モデル外で数値が与えられる変数 ) IS : C : 消費、 I : 投資、 G : 政府支出、 T : 税金、 N X : 純輸出、 EX : 輸出、 IM : 輸入、 a : 基礎消費、 b : 限界消費性向、 m : 限界輸入性向、 i : 基礎投資、 d : 正の定数、 g : 基礎輸出、 n ...
... Test 0.00 0.00 0.00 Weak-ID 23.53 23.42 51.60 Test 16.38 16.38 16.38 R-sq 0.23 0.39 0.30 0.42 0.58 0.60 Note: The number of observation is 82. For the IV estimation, we use SMGAP as the instrument to contorl for the ...
... This has two implications. First, parents use the same income-dependent relative preferences to measure their children’s well-being. Second, since parents obtain their own utility from consumption in adulthood, ...
... Our empirical approach differs from that of Malvey and Archibald’s and related studies, in that we do not look at when-issued or secondary market prices to assess the “value” of the securities being sold. 3 ...
... III.B. Search Costs/Information Frictions An additional (but not mutually exclusive from product dif- ferentiation) possible explanation for the observed price disper- sion is the influence of search/information ...
... This table reports the coefficients from a fixed effects logit regression. The dependent variable Pr(acquisition) takes the value of one if potential acquirer j acquires failed bank i and zero otherwise. Distance is ...
... ABSTRACT The audit market’s unique combination of features—its role in capital mar- ket transparency, mandated demand, and concentrated supply—means it re- ceives considerable attention from policy makers. We ...
... “participate,” and make the preference dependent on the number of “participants,” which is the externalities we consider. To the best of our knowledge, Sasaki and Toda (1996) and Hafalir (2008) are the only papers that ...
... • We have assumed that there is only one hedge fund style. What might change if we consider multiple hedge fund styles in the model industry? If the manager’s talent also involves an aptitude for one style over ...