This paper provides questionnaire evidence on the role of flow analysis for professional traders and fund managers. This evidence suggests that besides fundamental information and technical analysis, the analysis of flows provides an independent third type of information for professionals. The view that flows can be used to learn about fundamentals is not consistent with the data. Instead, evid...

This article adds technology choice to a free-entry Cournot model with linear demand and constant marginal costs. Firms can choose from a discrete set of technologies. This simple framework yields non-existence of equilibrium, existence of multiple equilibria and equilibria in which ex-ante identical ̄rms choose di®erent technologies as possible outcomes. I provide a full characterization of th...

JEL Classification: K42, L13, O17.

Soil classification systems are very useful for a simple and fast summarization of soil properties. These systems indicate the method for data summarization and facilitate connections among researchers, engineers, and other users. One of the practical systems for soil classification is Soil Taxonomy (ST). As determining  soil classes for an  entire area is expensive, time-consuming, and almost ...

JEL Classification Numbers: G100, G120

This paper provides an introduction to the analysis of games with strategic complementarities and applications to industrial organization: oligopoly pricing, comparative statics and a taxonomy of strategic behavior in two-stage games. D 2005 Elsevier B.V. All rights reserved. JEL classification: C72; L13

In this paper, I find that real U.S. GDP is better characterized as a trend stationary Markov-switching process than as having a (regime-dependent) unit root. I examine the effects of both assumptions on the analysis of business cycle features and their implications for the persistence of the dynamic response of output to a random disturbance. JEL Classification: E32, C22, E27.

JEL classification: C51 C52 G11