The federal government already imposes price curbs across a range of programs, requiring manufacturers to pay the government rebates… These provisions all are confined to federal programs, but nonetheless have distorted drug prices throughout the health sector. It’s one thing for the government to...
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On the one hand, we propose a novel way to generate and use time-stamped text as data. We apply our method to post-FOMC-meeting press conferences, which are key events for financial investors worldwide. On the other hand, we have high-frequency quote-level prices for a wide range of ...
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The method estimates the expectation of the future mid-price conditional on current information and is horizon independent. Empirically horizons for which the forecasts are most accurate range from 3 to 10 seconds for the stocks assessed. The adjusted mid-price lives between the bid and the ask ...
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Through almost 10 years of development, we have successfully sold our products to more than 90 countries on six continents. We keep on developing new products to meet the need of worldwide advertising markets and always put our customers at the ...
To allow f(t,g) to be flexible enough to capture a wide range of interactions between search date and check-in date we estimate the above model semi-parametrically as a generalized additive model (GAM) (Hastie and Tibshirani, 1990; Wood, 2006), with f(t,g) being modelled as a tensor...