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    <title>EconStor Community: UC Davis, Department of Economics</title>
    <link>http://hdl.handle.net/10419/289</link>
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    <title>A chronology of international business cycles through non-parametric decoding</title>
    <link>http://hdl.handle.net/10419/58409</link>
    <description>Title: A chronology of international business cycles through non-parametric decoding
&lt;br/&gt;
&lt;br/&gt;Authors: Fushing, Hsieh; Chen, Shu-Chun; Berge, Travis J.; Jorda, Oscar
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper introduces a new empirical strategy for the characterization of business cycles. It combines non-parametric decoding methods that classify a series into expansions and recessions but does not require specification of the underlying stochastic process generating the data. It then uses network analysis to combine the signals obtained from different economic indicators to generate a unique chronology. These methods generate a record of peak and trough dates comparable, and in one sense superior, to the NBER's own chronology. The methods are then applied to 22 OECD countries to obtain a global business cycle chronology.</description>
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  <item rdf:about="http://hdl.handle.net/10419/58408">
    <title>Speculative trade under unawareness: The infinite case</title>
    <link>http://hdl.handle.net/10419/58408</link>
    <description>Title: Speculative trade under unawareness: The infinite case
&lt;br/&gt;
&lt;br/&gt;Authors: Meier, Martin; Schipper, Burkhard C.
&lt;br/&gt;
&lt;br/&gt;Abstract: We generalize the No-trade theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to the infinite case.</description>
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  <item rdf:about="http://hdl.handle.net/10419/58407">
    <title>Unbeatable imitation</title>
    <link>http://hdl.handle.net/10419/58407</link>
    <description>Title: Unbeatable imitation
&lt;br/&gt;
&lt;br/&gt;Authors: Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C.
&lt;br/&gt;
&lt;br/&gt;Abstract: We show that for many classes of symmetric two-player games, the simple decision rule imitate-the-best can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of the rock-scissors-paper variety. Thus, in many interesting examples, like 2x2 games, Cournot duopoly, price competition, rent seeking, public goods games, common pool resource games, minimum effort coordination games, arms race, search, bargaining, etc., imitation cannot be beaten by much even by a very clever opponent.</description>
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    <title>Income differences and prices of tradables</title>
    <link>http://hdl.handle.net/10419/58406</link>
    <description>Title: Income differences and prices of tradables
&lt;br/&gt;
&lt;br/&gt;Authors: Simonovska, Ina
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper presents novel evidence of price discrimination, using prices of identical goods in 28 countries. I explain the observed phenomenon via non-homothetic preferences, in a model of trade with product differentiation and firm productivity heterogeneity. The model brings theory and data closer along a key dimension: it generates positively related prices of tradables and income, while preserving exporter behavior and trade flows of existing frameworks. It further captures observations that richer countries buy more per product and consume more diverse bundles. Quantitatively, the model suggests that variable mark-ups account for 80% of the positive price-income relationship across 123 countries.</description>
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