Showing 1 - 10 of 228
robust estimation despite mis-specifications in the structural model being used as a simulator. We also provide the …
Persistent link: https://www.econbiz.de/10010928755
type, we characterise a new weighting matrix for a more efficient estimation about the structural parameters of interest ?0 …
Persistent link: https://www.econbiz.de/10010744799
We provide an asymptotic distribution theory for a class of Generalized Method of Moments estimators that arise in the study of differentiated product markets when the number of observations is associated with the number of products within a given market. We allow for three sources of error: the...
Persistent link: https://www.econbiz.de/10010745114
We study a very general setting, and propose a procedure for estimating the critical values of the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance due to McFadden (1989) in the general k-prospect case. We allow for the observations to be generally serially...
Persistent link: https://www.econbiz.de/10010746327
-Bond GMM estimation techniques for single dynamic panel data models with possibly endogenous regressors and cross …
Persistent link: https://www.econbiz.de/10011124891
We employ a wavelet approach and conduct a time-frequency analysis of dynamic correlations between pairs of key traded assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily data. We show that heterogeneity in correlations...
Persistent link: https://www.econbiz.de/10011272625
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …
Persistent link: https://www.econbiz.de/10010744849
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …
Persistent link: https://www.econbiz.de/10010746203
flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …
Persistent link: https://www.econbiz.de/10011071116
hypothesis testing and interval estimation are discussed, with central limit theorems for feasibly bias-corrected estimates …
Persistent link: https://www.econbiz.de/10011171755