The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
No interior do livro
Resultados 1-3 de 76
Página 576
... spot price rises from p2 ( 0 ) to p2 ( 0 ) , the variance of the spot price increases and the expectation of the spot price converges at a faster rate to flow equilibrium y . The speed of conver- gence is ( yc ) / 2 , the product of ...
... spot price rises from p2 ( 0 ) to p2 ( 0 ) , the variance of the spot price increases and the expectation of the spot price converges at a faster rate to flow equilibrium y . The speed of conver- gence is ( yc ) / 2 , the product of ...
Página 577
EDp ( t ) is not a fair game . The spot price p ( t ) is not a martingale . The reason why the spot price is not a martingale is that Ep * -p ( t ) , the expected change in price , is equal to a risk premium y times the total adjusted ...
EDp ( t ) is not a fair game . The spot price p ( t ) is not a martingale . The reason why the spot price is not a martingale is that Ep * -p ( t ) , the expected change in price , is equal to a risk premium y times the total adjusted ...
Página 581
... spot rates during the period March 13 , 1973 to September 5 , 1975 for ... price information .... Interest dif- ferentials must be ruled out as the ... spot market seems to behave efficiently : it does do a random walk . However ...
... spot rates during the period March 13 , 1973 to September 5 , 1975 for ... price information .... Interest dif- ferentials must be ruled out as the ... spot market seems to behave efficiently : it does do a random walk . However ...
Outras edições - Ver tudo
Palavras e frases frequentes
adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand function differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero