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Game-theoretic models of market structure
Sutton, John - London School of Economics (LSE) - 1996
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.
Persistent link: https://www.econbiz.de/10010928801
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Game theoretical models of market structure
Sutton, John - London School of Economics (LSE) - 1996
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.
Persistent link: https://www.econbiz.de/10011126329
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Commodity taxation and social welfare: the generalised Ramsey rule
Coady, David; Dreze, Jean - London School of Economics (LSE) - 2000
Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best general equilibrium framework, which leads to the 'generalised Ramsey rule' for...
Persistent link: https://www.econbiz.de/10010884666
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More efficient kernel estimation in nonparametric regression with autocorrelated errors
Carroll, Raymond J; Linton, Oliver; Mammen, Enno; Xiao, … - London School of Economics (LSE) - 2002
We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …
Persistent link: https://www.econbiz.de/10010928799
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A nonparametric regression estimator that adapts to error distribution of unknown form
Linton, Oliver; Xiao, Zhijie - London School of Economics (LSE) - 2001
We propose a new estimator for nonparametric regression based on local likelihood estimation using an estimated error score function obtained from the residuals of a preliminary nonparametric regression. We show that our estimator is asymptotically equivalent to the infeasible local maximum...
Persistent link: https://www.econbiz.de/10010745013
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On subset selection in non-parametric stochastic regression
Yao, Qiwei; Tong, Howell - London School of Economics (LSE) - 1994
consistent. Furthermore, two kinds of asymptotic efficiency of the selected model are proved. Both simulated and real data are …
Persistent link: https://www.econbiz.de/10010745153
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Productivity differences in the airline industry: partial deregulation versus short-run protection
Marin, Pedro L. - London School of Economics (LSE) - 1995
characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market …
Persistent link: https://www.econbiz.de/10010745526
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Testing the capital asset pricing model efficiently under elliptical symmetry : a semiparametric approach
Hodgson, Douglas J; Linton, Oliver; Vorkink, Keith - London School of Economics (LSE) - 2000
We develop new tests of the capital asset pricing model which are valid under the assumption that the distribution generating returns is elliptically symmetric; this assumption is necessary and sufficient for the validity of the CAPM. Our test is based on semiparametric efficient estimation...
Persistent link: https://www.econbiz.de/10010746304
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How do domestic attributes affect international spillovers of CO2-efficiency?
Perkins, Richard; Neumayer, Eric - London School of Economics (LSE) - 2009
Although there is evidence that CO2-efficiency enhancing innovations in one country diffuse into other countries to … the strength of cross-border CO2-efficiency interdependence working through import ties and inward foreign direct … investment (FDI) stocks is greater in (a) countries with lower existing levels of domestic CO2-efficiency and (b) countries with …
Persistent link: https://www.econbiz.de/10010746369
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Liquidity Trap and Excessive Leverage
Korinek, Anton; Simsek, Alp - International Monetary Fund (IMF) - 2014
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974