______________________________________________________________________________ Abstract Motivation. Quantifying the impact of the introduction of physician fee schedules in workers compensation is an integral part of NCCI legislative pricing. Although the vast majority of U.S. states have physician fee schedules in place, a small number of jurisdictions operate without such a legal provision. S...

this study investigated the factors influencing the decision to plant almonds in the saman region of chaharmahal-bakhtiari province in central iran through conducting an economic survey in 2005. using portfolio investment theory and econometric model esti-mation (shively, 1998), this paper identifies the most important factors influencing the in-dividual farmer’s decision concerning the number ...

factors influencing price fairness and its impact on consumer behavior is one of the most important topics in pricing which can have significant impact on consumers in their attitude toward the organization. in this paper, the impact of price fairness on loyalty, willingness to pay and complain and revenge intention of customers in internet access services industry has been tested. the data hav...

the study attempts to find out the impact of buyback announcement on share price. paired sample t-test is employed to compare share price before and after the buyback announcement. the analysis of variance is also used to find out whether there is any significant difference among industries in the price change due to buyback announcement. the study is carried out from 1st january 2005 to 31st d...

Asset prices aggregate information about current and future productivity. More information allows firms to make better investment decisions, potentially increasing social welfare. In this paper, I quantify the social value of the information transmitted by the financial system to firms in a real business cycle framework, in an environment with common productivity shocks and temporary, idiosyncr...

B options allow bidders to instantly purchase at a specified price an item listed for sale through an online auction. A temporary buyout option disappears once a regular bid is submitted, whereas a permanent option remains available until it is exercised or the auction ends. Such buyout price may be static and remain constant throughout the auction, or dynamic and vary as the auction progresses...

I extend the Atkeson and Kehoe (1999) putty-clay model to include elastic labor supply and more general forms of technology to explore the impact of oil shocks on the macroeconomy. In particular, I am interested in (1) how this extension affects their results with regard to permanent changes in the price of oil, (2) a comparison of the business cycle properties of the putty-putty and putty-clay...

Addictive goods fundamentally differ from non-addictive goods: consuming more of an addictive good today reinforces the addiction and increases the likelihood of future consumption. Thus, addiction creates an intertemporal link between a consumer’s past and present decisions, altering their incentives to purchase and to hold inventory. Despite the influence of addiction, its impact on consumer ...

Milton Friedman argued that irrational traders will consistently lose money, won’t survive and, therefore, cannot influence long run equilibrium asset prices. Since his work, survival and price impact have been assumed to be the same. In this paper, we demonstrate that survival and price impact are two independent concepts. The price impact of irrational traders does not rely on their long-run ...

This paper develops a two-period disequilibrium model of a small open economy under Keynesian unemployment to analyse the effects of temporary, anticipated, and permanent coffee price shocks. The model includes a government sector that administers a commodity price stabilisation fund, and allows for capital market imperfections. The type of capital market imperfection makes an important differe...