We extend the three-step generalized methods of moments (GMM) approach of Kapoor et al. (2007), which corrects for spatially correlated errors in static panel data models, by introducing a spatial lag and a one-period lag of the dependent variable as additional explanatory variables. Combining...

This paper extends an existing outlier-robust estimator of linear dynamic panel data models with fixed effects, which is based on the median ratio of two consecutive pairs of first-differenced data. To improve its precision and robust properties, a general procedure based on many pairwise...

This paper provides locally optimal pseudo-Gaussian and rank-based tests for<br/>the cointegration rank in linear cointegrated error-correction models with i.i.d.<br/>elliptical innovations. The proposed tests are asymptotically distribution-free,<br/>hence their validity does not depend on the actual...

In this paper a new class of relaxed sequencing games is introduced: the class<br/>of Step out - Step in sequencing games. In this relaxation any player within a coalition is allowed to step out from his position in the processing order and to<br/>step in at any position later in the processing order....

A positive relation between confidence and effort/investment provision has been<br/>theoretically justified and practically assumed in the literature, but has not been<br/>thoroughly investigated. We test and confirm this positive relation between direct<br/>measures of confidence and choice of effort or...