A robust methodology for Ramsey pricing with an application to UK postal services

Article Abstract:

A methodology for a standardized 'minimal information' approach is used for the study of the robustness of Ramsey prices to changes in demand and cost parameters. It was found that the price differential is relatively insensitive to such changes. Moreover, the welfare costs of setting prices at a sub-optimal level are not particularly high. The 'minimal information' approach was illustrated through a case study of the UK postal services.

Author: Cuthbertson, Keith, Dobbs, Ian M.
United Kingdom, Analysis, Usage, Services, Postal rates, Welfare economics, Ramsey numbers

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Interest rates in Germany and the UK: cointegration and error correction models

Article Abstract:

A hypothesis for the term structure of financial instruments in the UK and Germany is tested. According to the hypothesis, in a field of "k" yield spreads, the cointegration space should be defined by "k - 1." Weekly information on UK and German short-dated instruments that have a maturity quotient of up to one year constitute the data. The hypothesis is consistent with the data to a limited extent.

Author: Cuthbertson, Keith, Hayes, Simon, Nitzsche, Dirk

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Are German money market rates well behaved?

Article Abstract:

A model for money market interest rates in Germany is presented. Monthly data from 1976 to 1993 are used.

Author: Cuthbertson, Keith, Hayes, Simon, Nitzsche, Dirk
Germany, Open-End Investment Funds, Management investment, open-end, Money Market Invest Funds, Statistical Data Included, Mutual fund industry, Money market funds

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Prices and rates, Models, Interest rates
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.