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Introduction to Modern Time Series Analysis
This book presents modern developments in time series econometrics that are applied to macroeconomic and financial time series, bridging the gap between methods and realistic applications. It presents the most important approaches to the analysis of time series, which may be stationary or nonstationary. Modelling and forecasting univariate time series is the starting point. For multiple stationary time series, Granger causality tests and vector autogressive models are presented. As the modelling of nonstationary uni- or multivariate time series is most important for real applied work, unit root and cointegration analysis as well as vector error correction models are a central topic. Tools for analysing nonstationary data are then transferred to the panel framework. Modelling the (multivariate) volatility of financial time series with autogressive conditional heteroskedastic models is also treated.
Homo Oeconomicus
The economic model of behaviour is fundamental not only in economic theory, but also in modern approaches of other social sciences, above all in political science and law. This book provides a comprehensive treatise of the general model, its philosophical and methodological foundations and its applications in different fields. In addition to the basic model, extensions to its assumptions are examined to account for complex applications like low-cost situations with moral behaviour.
Decision Rules in the European Union
This book brings together scholars from economic and political science to study the interactions within the European Union from a strategic or rational choice perspective. The contributors seek to understand the relationship between member states and competing European institutions. The book focuses on the horizontal checks and balances including the countervailing forces of legislative, regulatory, bureaucratic, and constitutional decision-making. Other examinations analyze the vertical structures, in particular the impact of the federal distributions of power on policy choices.
The Effect of Direct Democracy on Income Redistribution
There is an intensive dispute in political economics about the impact of institutions on income redistribution. While the main focus is on comparison between different forms of representative democracy, the influence of direct democracy on redistribution has attracted much less attention. According to theoretical arguments and previous empirical results, government policies of income redistribution are expected to be more in line with median voter preferences in direct than in representative democracies. In this paper, we find that institutions of direct democracy are associated with lower public spending and revenue, particularly lower welfare spending and broad-based income and property (w...
Widening the European Union
The proposed enlargement of the European Union to include countries from Central and Eastern Europe has become an important political issue. Widening the European Union focuses on those institutional reforms of the Union that may be necessary to make the enlargement possible. The institutional structure, originally designed for the Union of just six states, might not be suitable for a EU of twenty-seven or more member states. An overview of current rational choice theories of institutional change is provided before the volume focuses on several aspects of institutional reforms in the Union. Widening the European Union contains contributions from a distinguished team of European academics. This book is a valuable resource to students of the European Union with an interest in its politics and policy, enlargement and institutional reform.
The Oxford Handbook of Public Choice
"This two-volume collection provides a comprehensive overview of the past seventy years of public choice research, written by experts in the fields surveyed. The individual chapters are more than simple surveys, but provide readers with both a sense of the progress made and puzzles that remain. Most are written with upper level undergraduate and graduate students in economics and political science in mind, but many are completely accessible to non-expert readers who are interested in Public Choice research. The two-volume set will be of broad interest to social scientists, policy analysts, and historians"--
Decision Rules in the European Union
This book brings together scholars from economic and political science to study the interactions within the European Union from a strategic or rational choice perspective. The contributors seek to understand the relationship between member states and competing European institutions, focusing on the horizontal, countervailing forces of legislative, regulatory, bureaucratic and constitutional decision-making. Other examinations analyse the vertical structures, in particular the impact of the federal distribution of power on policy choices and on their implementation.
Research Methods in Consumer Law
Consumer law is worthy of greater academic attention at a time when many new questions arise and old ones need new answers. This unique handbook takes the reader on a journey through existing literature, research questions and methods. It builds on the state of the art to offer a springboard for jumping to the heart of contemporary issues and equips researchers with a starter’s kit to weave together rich traditions, ranging from socio-economics to behavioural analysis.
