Archives for CORE
December 06, 2017
Brown Bag Seminar
Andras Gregor, CORE UCLouvain
The Effect of Political Alignment on Municipal Finances - A Natural Experiment from Hungary
Andras Gregor, CORE UCLouvain
In this paper I provide evidence from Hungary that at municipal level, the mayor's partisan alignment has no effect on public finances. To identify the possible effects...
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December 05, 2017
Operations Research Seminar
Georg Pflug, Universität Wien
Model Uncertainty and Distributional Robustness in Stochastic Optimization
Georg Pflug, Universität Wien
Decision making in a stochastic environment requires the formulation of a stochastic model (e.g. for prices, demands, weather and similar risks). Since these models are mostly based...
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November 30, 2017
UCLouvain Economics Seminar
Alain Venditti, AMSE
On Sunspot Fluctuations in Infinite-horizon Models: A General Analysis
Alain Venditti, AMSE
In this paper we study the existence of local indeterminacy and sunspot fluctuations in general infinite-horizon models with external effects leading to increasing returns to scale (IRS). Our aim is...
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November 29, 2017
Brown Bag Seminar
Hodaya Lampert, Ben Gurion University of the Negev
Patents and Pools in Pyramidal Innovation Structures
Hodaya Lampert, Ben Gurion University of the Negev
We study sequential innovation in two pyramidal structures. In both structures patent pools are socially desirable. In an expanding pyramid, patent pools are stable and when allowed the...
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November 24, 2017
Econometrics Seminar
Dimitra Kyriakopoulou, CORE
Exponential-type GARCH models with linear-in-variance risk premium
Dimitra Kyriakopoulou, CORE
One of the implications of the intertemporal capital asset pricing model (CAPM) is that the risk premium of the market portfolio is a linear function of its variance. Yet, estimation theory of...
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