WebJun 11, 2024 · 1 Introduction Three recent thought-provoking papers document a decline in the volatility of U.S. real GDP growth that may be related to inventory behavior. McConnell and Perez-Quiros (2000) , hereafter MP (2000), argue that the volatility of GDP growth experienced a one-time drop around 1984, with volatility since then being about half what … WebJun 11, 2024 · 1 Introduction Propelled by the advances of information technologies, especially the spread of the Internet, electronic marketplaces (EMs) are growing at a high rate. The transaction volumes in EMs are expected to increase to around US $1.35 trillion in the United States, and US$ 2.4 trillion worldwide by 2004 ( Keskinocak et al., 2001 ).
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