Source: Proc. of the IASTED Intl. Conf. on Internet and Multimedia Systems and Applications (EuroI;MSA 2005), Grindewald (Switzerland) (2005) Source URL: http://labredes.det.uvigo.es/gl/node/219 Links: [1] http://labredes.det.uvigo.es/gl/biblio/author/2 [2] http://labredes.det.uvigo.es/gl/biblio/author/16 [3] http://labredes.det.uvigo.es/gl/biblio/author/1 [4] http://labredes.det.uvigo.es/gl/bi...

We develop a model of matching with contracts which has, as special cases, the college admissions problem, the Kelso-Crawford labor market matching model, and ascending package auctions. We introduce a new “law of aggregate demand” for the case of discrete heterogeneous workers and show that, when workers are substitutes, the law is satisfied by the demands of profit maximizing firms. When work...

Using the threshold structural VAR model, this paper examines the multiheterogeneity impacts of international oil price shocks on Chinese stock market in the background of financialization. The research finds: (1) the effects of oil price shocks on stock returns are different across sectors and the responses of stock returns are larger in bear markets. The nonlinear effects of oil supply shocks...

For nearly a decade, I have argued that the Federal Reserve should maintain a target path of total demand in the American economy. The best measure of total demand, I suggest, is what the Department of Commerce calls “final sales to domestic purchasers.” This aggregate is equal to nominal gross domestic product minus the change in private inventories minus exports plus imports. In recent years,...

horn (1990) argues that, in a situation of excess mortgage demand, loan JL applicants "with relatively low LV ratios (high DR ratios) have their demands satisfied while those with relatively high LV ratios are placed in a 'mortgage queue'. Hence successful applicants are on their desired demand curves but the aggregate demand curve does not shift and excess demand remains a feature of the marke...

Wage hikes affect production costs and hence are usually analysed as supply shocks. There is, however, a long-standing debate about demand effects of wage variations. In this paper, we bring together these two arguments in a Kaldorian model with group specific saving rates and a production technology that allows for redistribution between workers and entrepreneurs following a wage hike. We ther...

This paper provides non-technical summaries of theories which posit a relationship between aggregate employment and real wages and presents results from Australian and selected overseas empirical studies. Neoclasssical supply side theories assume that real wages, for given endowments of physical capital, primarily influence the cost of employing labour, and have an inverse relationship to aggre...

Traditional microeconomic modeling of public transport (usually a single line) has been based on aggregated demand description, that is, total ridership along a line and average journey length. This way, aggregation is spatial rather than temporal, as most public transport systems are designed for the period of largest demand. With this approach, various authors have formulated optimization mod...

This study attempts to examine empirically aggregate tourism outflows in the case of Turkey using the time series data for the period 1970-2005. As far as this article is concerned, there exists no previous empirical work dealing with the tourist outflows from Turkey. The previous tourism studies in the case of Turkey, by and large, focus on the inbound tourism demand analyses. As a developing ...

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