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Competitive effects of implicit auction on interconnectors: evidence from Japan
Interconnectors play a crucial role in electric power systems. They contribute to balancing demand and supply in real-time, guaranteeing efficient...
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Market Structure and Instability Artifacts in Heterogeneous Agent Models: Lessons from Implicit Discretizations of Stiff Equations
We consider a standard heterogeneous agent model (HAM) that is widely used to analyze price developments in financial markets. The model is linear in...
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What factors drive house prices in the USA? Sign restricted VAR approach
This study explores house price fluctuations in the USA and shed light on which factor is the main contributor driving house prices. In order to...
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Calibration of Local Volatility Surfaces from Observed Market Call and Put Option Prices
We present a novel, straightforward, robust, and precise calibration algorithm for local volatility surfaces based on observed market call and put...
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How Local is the Crime Effect on House Prices?
We exploit the local variations crime across time to measure the effect of local crime on house prices. We have access to a very granular...
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Land Prices and the Development Process
As lot area increases, it is commonly believed that land prices will increase at a non-constant rate. In the case where the land price-area curve...
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Bayesian spatio-temporal modeling of real estate launch prices
In this study, we utilize Bayesian methods to construct a comprehensive spatio-temporal model for real estate launch prices in the city of São Paulo....
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Forecasting House Prices through Credit Conditions: A Bayesian Approach
As housing development and housing market policies involve many long-term decisions, improving house price predictions could benefit the functioning...
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The impact of unexpected flood events and adaption measures on lot prices
Associated with climate change are the rising frequency, probability, and intensity of natural hazards, as stated by IPCC (2014). To contribute to...
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Greater search cost reduces prices
Consumers learn their valuation for most goods and services sooner than the price or the availability. In such markets, the optimal price of each...
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On the Dynamics of Relative Prices and the Relationship with Inflation: An Empirical Approach
This paper introduces a dynamic threshold-minimum dominating set to represent the structure and evolution of relative prices in the economy. Due to...
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The volatility mechanism and intelligent fusion forecast of new energy stock prices
The new energy industry is strongly supported by the state, and accurate forecasting of stock price can lead to better understanding of its...
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Funding infrastructure under uncertainty: evidence from tax credit prices
Politicians promise infrastructure investment via tax credits by involving outside investors, but uncertainty affects the demand for and price of tax...
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Forecasting oil prices with random forests
This study analyzes oil price movements through the lens of an agnostic random forest model, which is based on 1000 regression trees. It shows that...
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Fast and Accurate Computation of the Regime-Switching Jump-Diffusion Option Prices Using Laplace Transform and Compact Difference with Convergence Guarantee
The accuracy and efficiency for computing option prices play very important in the financial risk management and hedging for the investors. In this...
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A Model of Quota Prices in a Multispecies Fishery with “Choke” Species and Discarding
Using a two-stage optimisation model, we simulate the determination of market-clearing quota lease prices in a multispecies fishery. Assuming fixed...
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The effects of dynamic and static competition on prescription drug prices in Denmark, 1997–2017
A recent study examined the effects of both dynamic (between-substance) and static (within-substance) competition on prescription drug prices in the...
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Prices, Wages, and Monetary Policy
This chapter considers prices and wages. Modern microfounded macroeconomics stresses the importance of expectations in the determination of prices....
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Societal Outcomes: Predicting Food Market Prices and Quantities
This chapter explains how societal outcomes can be seen as the result of individuals interacting with each other. Markets are physical places or...
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Trade, equilibrium prices and rents in European auctions for emission allowances
This paper analyzes the price behavior of Phase III (2013–2020) EU-ETS emission allowances of CO 2 by focusing on the dynamics of daily auction...
