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Charles University
(62 results)-
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Optimal Monetary Policy Rules: The Problem Of Stability Under Heterogeneous Learning
December 1, 2008, 12:00am PST
In this paper, the authors extend the analysis of optimal monetary policy rules in terms of stability of an economy, started by Evans and Honkapohja (2003b), to the case of heterogeneous private...
Provided by Charles University
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Economic Dynamics Under Heterogeneous Learning: Necessary And Sufficient Conditions For Stability
December 1, 2008, 12:00am PST
The author provides sufficient conditions and necessary conditions for stability of a structurally heterogeneous economy under heterogeneous learning of agents. These conditions are written in...
Provided by Charles University
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Competition Policy And Market Leaders
November 1, 2008, 12:00am PDT
The authors study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. They show that under...
Provided by Charles University
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Reversibility In Dynamic Coordination Problems
November 11, 2008, 12:00am PST
Agents at the beginning of a dynamic coordination process are uncertain about actions of their fellow players and anticipate receiving strategically relevant information later on in the process....
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Stackelberg Leadership With Product Differentiation And Endogenous Entry: Some Comparative Static And Limiting Results
October 1, 2008, 12:00am PDT
Allowing for endogenous entry in the traditional Stackelberg setup with product differentiation, leads to reverting of the standard comparative static and limiting results. Unlike in the standard...
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Macroeconomic Stability: Transition Towards The Nominal Exchange Rate Stability
October 1, 2008, 12:00am PDT
The novelty of this paper is in the presentation of a theoretical frame work that allows the modeling of an announced switch of the monetary regime. In the authors' experiment, the monetary...
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Dollarization In Transition Economies: New Evidence From Georgia
September 1, 2008, 12:00am PDT
This paper provides new evidence for dollarization in Georgia during the period from 1996 to 2007 using implications of dynamic money-in-utility-function models. Partial effects of foreign and...
Provided by Charles University
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Viewer Sampling And Quality Signaling In A Television Market
September 1, 2008, 12:00am PDT
This paper analyzes a single television station's choice of airing tune-ins (preview advertisements). The author considers two consecutive programs located along a unit line. Potential viewers...
Provided by Charles University
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Monopoly Provision Of Tune-Ins
September 1, 2008, 12:00am PDT
This paper analyzes a single television station's choice of airing tune-ins (preview advertisements). The author considers two consecutive programs located along a unit line. Potential viewers...
Provided by Charles University
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White Papers
Tax Evasion Dynamics In The Czech Republic: First Evidence Of An Evasional Kuznets Curve
September 1, 2008, 12:00am PDT
Using surveys of the Czech Republic taken in 2000, 2002, 2004, and 2006 the authors measure how the percentage of tax evaders evolved from 1995 until 2006. They find that at first evasion rose,...
Provided by Charles University
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(The Evolution Of) Post-Secondary Education: A Computational Model And Experiments
June 1, 2008, 12:00am PDT
The authors propose a computational model to study (the evolution of) post-secondary education. "Consumers" who differ in quality shop around for desirable colleges or universities. "Firms" that...
Provided by Charles University
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White Papers
Sequential Cheap Talk From Advisors With Reputation
June 1, 2008, 12:00am PDT
The author examines two-period sequential cheap talk in situations where the decision maker seeks advice from two advisors, each of whom knows the type of the other advisor. By considering the...
Provided by Charles University
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The Reaction Of Asset Prices To Macroeconomic Announcements In New EU Markets: Evidence From Intraday Data
March 1, 2008, 12:00am PST
The authors estimate the impact of macroeconomic news on composite stock returns in three emerging European Union financial markets (the Budapest BUX, Prague PX-50, and Warsaw WIG-20), using...
Provided by Charles University
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Three Very Simple Games And What It Takes To Solve Them
January 1, 2008, 12:00am PST
The authors study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. They examine how subjects' reported reasoning processes translate into...
Provided by Charles University
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Self-Reputation And Perception Of Reputation
November 1, 2007, 12:00am PDT
This paper examines how the belief of decision maker regarding his ability to keep a resolution and his belief regarding what others think of him affect his actions. Higher self-reputation...
Provided by Charles University
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Understanding The Lack Of Competition In Natural Gas Markets: The Impact Of Storage Ownership And Upstream Competition
September 1, 2007, 12:00am PDT
Motivated by the failure of competition to emerge after the natural gas market in the Czech Republic was liberalized, the author explores the impact of natural gas storage ownership and upstream...
Provided by Charles University
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Determinants Of Secondary School Choice In The Czech Republic
September 1, 2007, 12:00am PDT
The admission process into secondary schools in the Czech Republic involves high risk of ending up at an undesired school if failing to be admitted to one's preferred school. Hence, the...
Provided by Charles University
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Testing For Bubbles In Housing Markets: A Panel Data Approach
October 1, 2007, 12:00am PDT
The authors employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether house prices reflect house-related earnings. They use U.S. data for...
Provided by Charles University
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International Competition In Vertically Differentiated Markets With Innovation And Imitation: Trade Policy Versus Free Trade
August 1, 2007, 12:00am PDT
The important characteristic of international competition between developed and less developed countries is vertical product differentiation, where firms' quality choices represent strategic...
Provided by Charles University
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Can The Market Fix A Wrong Administrative Decision? Massive Delisting On The Prague Stock Exchange
August 1, 2007, 12:00am PDT
This paper contributes to the investigation of the emerging stock markets in transition economies, namely in the Czech Republic. The authors estimate the impact of the various determinants of...
Provided by Charles University
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Valuing A Risky Prospect Less Than Its Worst Outcome: Uncertainty Effect Or Task Ambiguity?
July 7, 2007, 12:00am PDT
GLW show that when lotteries involve non-monetary outcomes and people are not explicitly prompted to value them based on valuing the outcomes, lotteries with equal or similar probabilities are...
Provided by Charles University
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White Papers
A Family of Real-Time Java Benchmarks
August 27, 2010, 12:00am PDT
Java is becoming a viable platform for real-time computing. There are production and research real-time Java VMs, as well as applications in both military and civil sector. Technological advances...
Provided by Charles University
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Measuring Skill Intensity Of Occupations With Imperfect Substitutability Across Skill Types
October 1, 2010, 12:00am PDT
In absence of a model-based measure of occupational skill-intensity, the literature on wage inequality cannot consistently track technological progress on occupational level - a key ingredient of...
Provided by Charles University
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Can Religion Insure Against Aggregate Shocks To Happiness? The Case Of Transition Countries
October 1, 2010, 12:00am PDT
This paper focuses on the effects of reforms and happiness in transition economies. Previous literature suggests that religiousness insures happiness against individual stressful life events, such...
Provided by Charles University
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Corruption, Voting And Employment Status: Evidence From Russian Parliamentary Elections
December 1, 2010, 12:00am PST
This paper examines to what extent the distribution of votes and voting behavior of people with different employment status are affected by regional differences in corruption. Using data from the...
Provided by Charles University
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A Note On Equilibrium Uniqueness In The Baron-Ferejohn Model
May 1, 2011, 12:00am PDT
The Baron-Ferejohn multilateral bargaining model predicts a payoff-unique Stationary Subgame Perfect Equilibrium (SSPE) in which players' equilibrium strategies are not uniquely determined. In...
Provided by Charles University
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Rational Inattention To Discrete Choices: A New Foundation For The Multinomial Logit Model
June 21, 2011, 12:00am PDT
Often, individuals must choose among discrete alternatives with imperfect information about their values, such as selecting a job candidate, a vehicle or a university. Before choosing, they may...
Provided by Charles University
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Who Borrows And Who May Not Repay?
July 1, 2011, 12:00am PDT
The authors use Household Budget Survey data to analyze the evolution of the household credit market in the Czech Republic over the period 2000-2008. They next merge their data with the Statistics...
Provided by Charles University
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The Relation Between The Cyclically Adjusted Budget Balance And The Growth Accounting Method Of Deriving Net Fiscal Effort
November 1, 2007, 12:00am PDT
This paper deals with the growth accounting method used to derive "Net fiscal effort." Net fiscal effort can then provide a clue about whether fiscal policy is expansionary or not, and, together...
Provided by Charles University
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Welfare Improving Coordination Of Fiscal And Monetary Policy
August 17, 2010, 12:00am PDT
Should independent monetary and fiscal policies coordinate their actions and/or targets? To examine this question the paper considers a simple reduced-form model in which monetary and fiscal...
Provided by Charles University
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Monetary Policy Rules And Financial Stress: Does Financial Instability Matter For Monetary
January 26, 2011, 12:00am PST
The authors examine whether and how main central banks responded to episodes of financial stress over the last three decades. They employ a new methodology for monetary policy rules estimation,...
Provided by Charles University
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Informative Advertising And Consumer Search In A Differentiated-Products Duopoly
July 1, 2007, 12:00am PDT
This paper analyzes informative advertising in a duopoly market with differentiated products when consumer search is costless. If consumers are fully rational, exposure to a single advertisement...
Provided by Charles University
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Strategic Informative Advertising In A Horizontally Differentiated Duopoly
September 1, 2008, 12:00am PDT
When firms possess information about their competitors' products, their advertisements may leak extra information. The author analyzes this within a duopoly television market that lasts for two...
Provided by Charles University
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Financial Development And Allocation Of External Finance
November 1, 2009, 12:00am PDT
The authors examine whether financial systems facilitate efficient allocation of resources into perspective projects. Employing European micro-level data from 1996-2005, they show that firms in...
Provided by Charles University
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Were Stocks During The Financial Crisis More Jumpy: A Comparative Study
September 1, 2010, 12:00am PDT
This paper empirically analysis the price jump behavior of heavily traded US stocks during the recent financial crisis. Namely, the author tests the hypothesis that the recent financial turmoil...
Provided by Charles University
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Macroeconomics Of Microfinance: How Do The Channels Work?
October 1, 2010, 12:00am PDT
Recent changes in the microfinance landscape are characterized by increasing patterns of its integration with national financial systems and entry of commercial banks. Microfinance is no longer...
Provided by Charles University
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The Golden Rule Of Public Finance And The Productivity Of Public Capital
January 1, 2011, 12:00am PST
This paper concentrates on the golden rule of public finance. It reviews the main advantages and disadvantages of the potential implementation of this rule in the European Union. Often the...
Provided by Charles University
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Determinants Of Corporate Financing Decisions: A Survey Evidence From Czech Firms
January 1, 2008, 12:00am PST
This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among financial managers of Czech firms. The theoretical section provides an...
Provided by Charles University
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White Papers
How Does Monetary Policy Respond To Financial Stress?
November 14, 2010, 12:00am PST
The authors examine whether and how main central banks responded to episodes of financial stress over the last three decades. They employ a new methodology for monetary policy rules estimation,...
Provided by Charles University
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White Papers
The Telecommunications Industry And Economic Growth: How The Market Structure Matters
January 27, 2011, 12:00am PST
This paper presents an endogenous growth model where, in line with the recent empirical evidence, the telecommunications industry (telecom) is an engine of growth. In such a framework, this paper...
Provided by Charles University
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Horizontal And Vertical FDI Spillovers: Recent Evidence From The Czech Republic
September 1, 2007, 12:00am PDT
This paper analyzes the effects of Foreign Direct Investment on the sales growth rate of domestic companies in the Czech Republic. Using firm-level panel data from 1995 to 2003, it studies both...
Provided by Charles University
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Deregulation, Economic Growth And Growth Acceleration
October 1, 2010, 12:00am PDT
The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in more than 70 economies over a period of 30 years. It addresses both the issues...
Provided by Charles University
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The Effects Of Monetary Policy In The Czech Republic: An Empirical Study
May 1, 2008, 12:00am PDT
In this paper, the authors examine the effects of Czech monetary policy on the economy within VAR, structural VAR, and the Factor-Augmented VAR framework. They document a well-functioning...
Provided by Charles University
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Current Trends in Middleware Benchmarking
January 1, 2010, 12:00am PST
The paper provides a brief overview of the state of the art in middleware benchmarking. The overview is used to highlight some of the outstanding issues in the area, specifically the issues...
Provided by Charles University
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