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The Bootstrap and the Edgeworth Correction for Semiparametric Averaged Derivatives

Nishiyama, Yoshihiko; Robinson, Peter M - Suntory and Toyota International Centres for Economics … - 2005

In a number of semiparametric models, smoothing seems necessary in order to obtain estimates of the parametric component which are asymptotically normal and converge at parametric rate. However, smoothing can inflate the error in the normal approximation, so that refined approximations are of...

Persistent link: https://www.econbiz.de/10005797507

Robustness of bootstrap in instrumental variable regression

Camponovo, Lorenzo; Otsu, Taisuke - Suntory and Toyota International Centres for Economics … - 2014

This paper studies robustness of bootstrap inference methods for instrumental variable (IV)regression models. We consider test statistics for parameter hypotheses based on the IV estimatorand generalized method of trimmed moments (GMTM) estimator introduced by Cížek (2008, 2009),and compare...

Persistent link: https://www.econbiz.de/10010734584

Bootstrap Tests of Stochastic Dominance with AsymptoticSimilarity on the Boundary

Linton, Oliver; Song, Kyungchul; Whang, Yoon-Jae - Suntory and Toyota International Centres for Economics … - 2008

We propose a new method of testing stochastic dominance which improves onexisting tests based on bootstrap or subsampling. Our test requires estimation ofthe contact sets between the marginal distributions. Our tests have asymptoticsizes that are exactly equal to the nominal level uniformly over...

Persistent link: https://www.econbiz.de/10008838727

Estimating Alternative Technology Sets in Nonparametric Efficiency Analysis: Restriction Tests for Panel and Clustered Data

Neumann, Anne; Nieswand, Maria; Schubert, Torben - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive- based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs....

Persistent link: https://www.econbiz.de/10010632799

Attitudes towards Risk and Inequality: A Questionnaire-Experimental Approach

Amiel, Yoram; Cowell, Frank A - Suntory and Toyota International Centres for Economics … - 2001

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/10005310315

Inequality and Envy

Cowell, Frank A; Ebert, Udo - Suntory and Toyota International Centres for Economics … - 2006

Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour....

Persistent link: https://www.econbiz.de/10005797453

Perceptions of Risk: an Experimental Approach using Internet Questionnaires

Cowell, Frank A; Cruces, Guillermo - Suntory and Toyota International Centres for Economics … - 2003

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …

Persistent link: https://www.econbiz.de/10005510519

The Measurement of Poverty: An Experimental Questionnaire Investigation (published in Economic Letters, vol.22 (1997), pp.571-588)

Amiel, Yoram; Cowell, Frank A - Suntory and Toyota International Centres for Economics … - 1994

We re-examine some of the standard axioms used in the literature on Poverty Measurement. Using a sample of 486 students from Australia, Israel and the USA we investigate the extent to which perceptions of poverty correspond to the axioms.

Persistent link: https://www.econbiz.de/10005670745

Measuring Inequality by Counting Complaints: Theory and Empirics

Devooght, Kurt - Suntory and Toyota International Centres for Economics … - 2002

This paper examines how people assess inequality of an income distribution and how inequality could be measured. We … start from philosophical analysis of L Temkin who distinguishes nine plausible aspects of inequality. His approach is based …

Persistent link: https://www.econbiz.de/10005670752