Economic Applications of Conditional Intensity Models: for financial transactions and patent applications data - Softcover

Blazsek, Szabolcs

Softcover

ISBN 10: 3846547700 ISBN 13: 9783846547700

Publisher: LAP LAMBERT Academic Publishing, 2011

Synopsis

In several fields of economics, an important characteristic of the data representing economic events is that the arrival time of each event is random. In the field of finance, examples of these data are the financial transaction processes and the bid/ask order submission processes observed over the trading day of a financial market. In the field of firms' innovation activity, the arrival times of firms' patent applications provide another example. In this monograph, different dynamic econometric models are employed to test economic hypotheses related to market liquidity and trading activity of financial assets. Moreover, the book also presents econometric applications to study the determinants of the firm's patent application intensity, and the impact of a firm's innovation activity on the firm's and its competitors' stock market value and patent application activity.

About this title

About the Author

Szabolcs Blazsek holds a PhD in Economics degree from the Carlos III University of Madrid. He is a full-time professor in the School of Economics and Business Administration of the University of Navarre. His research interests include several topics in applied econometrics, for example, duration models, intensity models and count data models.

Edition details

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2011
• Language: English
• ISBN 10: 3846547700
• ISBN 13: 9783846547700
• Binding: Paperback
• Number of pages: 136