Thesis (M.S.)--Mississippi State University. Department of Agricultural Economics. / Title from title screen. Includes bibliographical references.

Thesis (Ph. D.)--University of California, San Diego, 1999. / Vita. Includes bibliographical references.

Thesis (doctoral)--Göteborg University, 2004. / "Essays include applications of the existing DEA (Data Envelopment Agency) toolbox on real world datasets"--P. iii. Includes bibliographical references.

Thesis (Ph. D.)--University of California, San Diego, 2006. / Title from first page of PDF file (viewed April 6, 2006). Available via ProQuest Digital Dissertations. Vita. Includes bibliographical references (p. 201-206).

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This thesis studies the emergence of financial exposures between banks and introduces a novel game of financial network formation. It shows empirically that governance structures influence how banks use the interbank market to manage liquidity and that strategic factors are additional drivers of interbank lending for private banks (Ch. 2). It further develops a model of optimal bank behaviour in the absence of liquidity shocks considering the effect of an exogenous bailout probability (Ch. 3), and introduces a model of endogenous liquidity co-insurance formation (Ch. 4). The first chapter, The Purpose of Interbank Markets, tests competing theories of interbank lending using 43 quarters (2002-2012) of confidential data on the German banking sector and interbank market. It shows that banks use the interbank market for liquidity co-insurance as traditionally assumed. However, the importance of the liquidity management function is higher for regionally-focused credit cooperatives and savings banks than for private commercial banks. A distinct effect for private banks is identified; for private banks, increases in interbank liabilities are shown to correlate with a proxy for the bailout probability of banks. The chapter thus offers empirical support for an emerging literature on strategic behaviour in interbank markets and highlights the need to extend the traditional model of liquidity co-insurance. The second chapter, The Emergence of Interbank Exposures, develops a model showing that, even in the hypothetical absence of liquidity shocks, under some conditions the presence of conditional liability guarantees can lead to interbank exposures as an equilibrium outcome. It shows that such an equilibrium is characterised by banks of different sizes and asymmetric bank behaviour. Some banks are active only as lenders with others investing in a productive technology while borrowing in the interbank market. An equilibrium interbank rate is derived which depends on parameters characterising the bailout probability, including different parameters of government behaviour. The third chapter, Coordination and Competition in the Formation of Financial Networks, introduces a generalisation and extension of the seminal work of Allen and Gale (2000). It studies liquidity co-insurance between deposit-taking banks in an n-region economy. Both a static and a dynamic model of the endogenous formation of interbank liquidity co-insurance links are examined. Using a novel approach to model liquidity co-insurance, it is shown that contrary to previous findings it is not possible for banks with limited information to insure optimally against liquidity shocks. However, in a dynamic formulation of the model with best-response dynamics and learning, socially optimal insurance is an evolutionary stable equilibrium. The chapter also studies an extension to the model that introduces non-zero bailout probabilities, which endogenously leads to interbank networks consistent with the structure of interbank exposure networks documented empirically.

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In 2003, the Centre for Operations Excellence at the University of British Columbia's Sauder School of Business worked on a project for a company in the resort industry. The project was an initial attempt to develop and implement a pricing management practice for the ski lift ticket business of that company. Our main deliverable was the development of an Excel-based tool with a user-friendly interface that could help the company in their budgeting of the ski lift ticket business. After completing the project, we did some further investigation relative to pricing management techniques that could be applied to this sort of business, namely a congestible service industry. In this thesis we argue that a revenue management system could bring substantial benefits if implemented in this industry. We also identify the requirements and main features of a revenue management system applied to congestible service industries. Although revenue management is a very popular system in fields such as the airline, hotel and car rental industry, none of them can be classified as congestible industries. The ski lift ticket industry and similar industries possess one characteristic that differentiates them from the ones previously mentioned, there is no fixed capacity. This is the reason why we considered important to study the application of revenue management in congestible service industries. / Business, Sauder School of / Graduate

The present thesis provides a definite answer to the question of how comparisons of certain aggregate quantities and price levels should be made across two or more geographic regions. It does so from the viewpoint of both economic theory and the “test” (or “axiomatic”) approach to index-number theory. Chapter 1 gives an overview of the problem of multilateral interspatial comparisons and introduces the rest of the thesis. Chapter 2 focuses on a particular domain of comparison involving consumer goods and services, countries and households in developing a theory of international comparisons in terms of the the (Kontis-type) cost-of-living index. To this end, two new classes of purchasing power parity measures are set out and the relationship between them is explored. The first is the many-household analogue of the (single-household) cost-of-living index and, as such, is rooted in the theory of group cost-of-living indexes. The second Consists of sets of (nominal) expenditure-share deflators, each corresponding to a system of (real) consumption shares for a group of countries. Using this framework, a rigorous exact index- number interpretation for Diewert’s “own-share” system of multilateral quantity indexes is provided. Chapter 3 develops a novel multilateral test approach to the problem at hand by generalizing Eichhorn and Voeller’s bilateral counterpart in a sensible manner. The equivalence of this approach to an extended version of Diewert’s multilateral test approach is exploited in an assessment of the relative merits of several alternative multilateral comparison formulae motivated outside the test-approach framework. Chapter 4 undertakes an empirical comparison of the formulae examined on theoretical grounds in Chapter 3 using an appropriate cross-sectional data set constructed by the Eurostat—OECD Purchasing Power Parity Programme. The principal aim of this comparison is to ascertain the magnitude of the effect of choosing one formula over another. In aid of this, a new indicator is proposed which facilitates the measurement of the difference between two sets of purchasing power parities, each computed using a different multilateral index-number formula. / Arts, Faculty of / Vancouver School of Economics / Graduate

Orientador: Andrea Leda Ramos de Oliveira / Dissertação (mestrado) - Universidade Estadual de Campinas, Instituto de Economia / Made available in DSpace on 2018-08-27T05:17:03Z (GMT). No. of bitstreams: 1 Coleti_JamiledeCampos_M.pdf: 1844896 bytes, checksum: fb90b28591da8ca58b2f1af7db9e288b (MD5) Previous issue date: 2015 / Resumo: A busca por fontes de energia renováveis tem aumentado a demanda mundial de etanol. O Brasil ocupa a posição de segundo maior produtor mundial de etanol, porém os custos para transportar essa produção são cada vez mais altos. Estima-se que os custos de transportes podem representar até 30% do valor total do produto para cargas agrícolas. Isto posto, o objetivo do trabalho é analisar as alternativas de transporte do etanol frente às condições logísticas vigentes no Brasil. Para tanto, propõe-se um modelo de equilíbrio parcial na forma de um Problema de Complementaridade Mista (PCM) aplicado ao etanol. Avaliaram-se três cenários distintos: o primeiro é o cenário base com rotas de transporte utilizando o modal rodoviário e intermodal; já o segundo estimou-se uma redução de 15% no valor do frete ferroviário; e no terceiro inclui-se novos projetos dutoviários em curso no país. O Cenário 3 apresentou os melhores resultados em termos de volume de comercialização, com um aumento de 0,20% em relação ao cenário base, indicando que os projetos viários que priorizam a intermodalidade, sobretudo através da dutovia, implicam em reduções no custo de transporte e conferem uma melhoria na eficiência do sistema logístico. Destaca-se também, que as hipóteses de intermodalidade dos cenários 2 e 3 refletiram-se em ganhos de competitividade no mercado internacional, isso porque 100% das rotas com destino ao mercado externo são intermodais, conclui-se então, que a intermodalidade acaba apresentando custos de transporte reduzidos e portanto, mostra-se mais competitiva / Abstract: The search for renewable energy sources has been increasing the global demand for ethanol. Brazil holds the position as the second largest world producer of ethanol, but the costs to transport this production are increasingly high. It is estimated that transport costs can represent up to 30% of the total value of the product for agricultural loads. That said, this study aimed is to analyze the ethanol transportation alternatives front to the logistics conditions prevailing in Brazil. To this end, it is proposed a partial equilibrium model as a Mixed Complementarity Problem (PCM) applied to ethanol. It was evaluated three different scenarios: the first it is a baseline scenario with shipping routes with road and intermodal modal, the second estimated that the 15% reduction in the value of rail freight and the third is included new pipelines projects in course in the country. The Scenario 3 presented the best results in terms of marketing volumes, with an increase of 0.20% compared to baseline, indicating that the road projects that priorize intermodality, especially through the pipeline, implying reductions in the cost of transport and provide an improvement in efficiency the logistics system. Also noteworthy is that the chance of intermodal scenarios two and three reflected in gains in competitiveness in the international market, this because 100% of the routes to the foreign market are intermodal, it is concluded that, intermodality just showing reduced transport costs and therefore shows to be more competitive / Mestrado / Desenvolvimento Economico, Espaço e Meio Ambiente / Mestra em Desenvolvimento Econômico