Browsing The Economic and Social Review, Vol. 26, No. 1, October, 1994 by Title
Now showing items 5-7 of 7
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The implicit costs of trading in a jointly listed Irish equity
(Economic & Social Studies, Dublin, 1994)The paper invokes the concept of an implicit bid-ask spread in the Irish Stock Market and measures the consequent cost to traders as the expected gap between the price of sell and buy orders when these have been executed ... -
Time consistency, learning by doing and infant-industry protection: The linear case
(Economic & Social Studies, Dublin, 1994)This paper examines the implications for strategic trade policy of diiferent assumptions about precommitment in a dynamic oligopoly game with learning by doing. Assuming that demands are linear, we find that the optimal ... -
What causes Irish recessions: fluctuations in aggregate demand or aggregate supply?
(Economic & Social Studies, Dublin, 1994)The new classical view of the market economy is used to impose restrictions on a vector autoregression of output, interest rates, prices and money, to identify aggregate demand and supply structural disturbances. We use ...