Discussion Papers

from Aboa Centre for Economics
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82: Problems of fiscal consolidation and policy coordination

Matti Viren

81: The Welfare Effects of Health-Based Food Tax Policy

Kaisa Kotakorpi, Pirjo Pietinen, Jukka Pirttilä, Heli Reinivuo and Ilpo Suoniemi

80: Bargaining and Rent Seeking

Haruo Imai and Hannu Salonen

79: Axioms for Centrality Scoring with Principal Eigenvectors

Mitri Kitti

78: Gun Laws and Crime: An Empirical Assessment

Matti Viren

77: Are individual survey expectations internally consistent?

Maritta Paloviita

76: Analyzing the relationships between survey forecasts for different variables and countries

Maritta Paloviita

75: Sin Licenses Revisited

Markus Haavio

74: A Differential Approach to Gibbard-Satterthwaite Theorem

Ville Korpela

73: AGGREGATING AND UPDATING INFORMATION

Hannu Salonen

72: On Markovian Cake Sharing Problems

Hannu Salonen

71: Distribution of pure Nash equilibria in n-person games with random best replies

Klaus Kultti, Hannu Salonen and Hannu Vartiainen

70: Fiscal policy coordination in the EMU: A problem with asymmetry and aggregation

Matti Viren

69: Optimal Design of Bank Bailouts: Prompt Corrective Action

J-P. Niinimaki

68: On the Existence of Markov Perfect Equilibria in Perfect Information Games

Hannu Salonen and Hannu Vartiainen

67: Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation

Juha Tervala

66: International Welfare Effects of Monetary Policy

Juha Tervala

65: Keeping Up with the Joneses and the Welfare Effects of Monetary Policy

Juha Tervala

64: Coordination in the Labor Market

Marja-Liisa Halko and Juha Virrankoski

63: Pricing currency risk in the stock market: Empirical evidence from Finland and Sweden 1970-2009

Jan Wilhelm Antell and Mika Vaihekoski

62: Money Supply Rules and Exchange Rate Dynamics

Juha Tervala

61: Momentum and mean reversion in regional housing markets: Evidence from variance ratio tests

Elias Oikarinen

60: Response speeds of direct and securitized real estate to shocks in the fundamentals

Elias Oikarinen, Martin Hoesli and Camilo Serrano

59: Public Options and Altruistic Firms - Antitrust Targets or Tools? The Welfare Impact of a Mixed Oligopoly With Managerial firms

Johan Willner

58: International Transmission of Environmental Policy: A New Keynesian Perspective

Giovanni Ganelli and Juha Tervala

57: Yield-Curve Based Probability Forecasts of U.S. Recessions: Stability and Dynamics

Heikki Kauppi

56: The reaction speeds of prices and transaction volume in the Finnish housing market to demand shocks

Elias Oikarinen

55: Review of literature on the productivity of public capital

Pellervo Hamalainen

54: The fiscal multiplier: positive or negative?

Juha Tervala

53: Dynamic linkages between housing and lot prices: Empirical evidence from Helsinki

Elias Oikarinen

52: Do Standard Real Option Models Overestimate the Required Rate of Return of Real Estate Investment Opportunities?

Luis H. R. Alvarez, Jukka Lempa and Elias Oikarinen

51: Limit Solutions for Finite Horizon Bargaining Problems

Haruo Imai and Hannu Salonen

50: Optimal Economic Growth Using Fiscal and Monetary Policies

Hassan Bougrine and Teppo Rakkolainen

49: Forms, importance and working of social institutions

Martti Vihanto

48: House Price Fluctuations and Residential Sorting

Markus Haavio and Heikki Kauppi

47: Anticipatory effects of curriculum tracking

Kristian Koerselman

46: Using Taylor Rule to Explain Effects of Institutional Changes in Central Banks

Aleksandra Anna Maslowska

45: The Excess Power Puzzle of the EU Budget

Heikki Kauppi and Mika Tapani Widgrén

44: Auction Design without Commitment

Hannu Vartiainen

43: Demented Prisoners

Klaus Kultti and Hannu Salonen

42: Regional differences in bank office service accessibility: an entry approach

Aki Koponen

41: Offshoring, Relocation and the Speed of Convergence: Convergence in the Enlarged European Union

Kari E. O. Alho, Ville Kaitila and Mika Tapani Widgrén

40: Selfish and Prospective. Theory and Evidence of Pocketbook Voting

Mikael Elinder, Henrik Jordahl and Panu Poutvaara

39: Empirical application of the housing-market no-arbitrage condition: problems, solutions and a Finnish case study

Elias Oikarinen

38: Do Benevolent Aspects Have Room in Explaining EU Budget Receipts?

Heikki Kauppi and Mika Tapani Widgrén

37: Quest for the best: How to measure central bank independence and show its relation with inflation?

Aleksandra Anna Maslowska

36: The Optimal Stopping Problem of Dupuis and Wang: A Generalization

Jukka Lempa

35: One-deviation principle in coalition formation

Hannu Vartiainen

34: A conflict-free arbitration scheme in a large population

Hannu Vartiainen

33: Dynamic stable set

Hannu Vartiainen