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Rate-optimal data-driven specification testing in regression models
Guerre, Emmanuel; Lavergne, Pascal - EconWPA - 2001
the null hypothesis, the asymptotic distribution of the test statistic is the standard normal distribution. Use of …
Persistent link: https://www.econbiz.de/10005407986
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Log-concave Probability Distributions: Theory and Statistical Testing
An, Mark Yuying - EconWPA - 1996
Persistent link: https://www.econbiz.de/10005550895
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Parametric and semiparametric specification tests for binary choice models: a comparative simulation study
Proenca, Isabel; Silva, Joao Santos - EconWPA - 2005
Although semiparametric alternatives are available, parametric binary choice models are widely used in practice, in spite of their sensitivity to misspecification. Here we present the results of a simulation study on the finite sample performance of parametric and semiparametric specification...
Persistent link: https://www.econbiz.de/10005119081
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A Statistical Analysis of Intraday Liquidity, Returns and Volatility of an Individual Stock from the Istanbul Stock Exchange
Ekinci, Cumhur - EconWPA - 2003
This paper seeks whether the intraday patterns observed in most stock markets hold for an individual stock from the Istanbul Stock Exchange where the trading ceases for two hours during lunchtime. It investigates the most treated topics in market finance like liquidity, returns and volatility...
Persistent link: https://www.econbiz.de/10005561617
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Investigating the distribution of the value of travel time savings
Fosgerau, Mogens - EconWPA - 2004
Persistent link: https://www.econbiz.de/10005118996
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Investigating the distribution of the value of travel time savings
Fosgerau, Mogens - EconWPA - 2004
The distribution of the value of travel time savings (VTTS) is investigated employing various nonparametric techniques …% tail of the distribution is not observed and hence the mean VTTS cannot be evaluated. This conclusion changes when … background variables are introduced into a semiparametric model. A partially constrained Johnson SB distribution allowing …
Persistent link: https://www.econbiz.de/10005119038
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Trade balance and terms of trade in U.S.: a time-scale decomposition analysis
Benedictis, Luca De; Gallegati, Marco - EconWPA - 2005
The aim of this paper is to provide evidence on the nature of the relationship between the terms of trade and the trade balance for US on a scale-by-scale basis using wavelet analysis. Thus, after decomposing the two variables into their time-scale components using to the maximum overlap...
Persistent link: https://www.econbiz.de/10005124905
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BIDDING STRATEGIES OF SEQUENTIAL FIRST PRICE AUCTIONS PROGRAMMED BY EXPERIENCED BIDDERS
Neugebauer, Tibor - EconWPA - 2005
This paper considers bidding automata programmed by experienced subjects in sequential first price sealed bid auction experiments. These automata play against each other in computer tournaments. The risk neutral subgame perfect Nash equilibrium strategy of the independent private value model...
Persistent link: https://www.econbiz.de/10005124959
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Economia sintetica
Vildosola, Luis - EconWPA - 1998
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
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Industry Wage Differentials: How Many, Big and Significant Are They?
Reilly, Kevin; Zanchi, Luisa - EconWPA - 2002
In this paper we examine three implementation and interpretation issues associated with Krueger and Summers’s (1988) method for calculating interindustry wage differentials. The literature tends to report a less than complete set of industry wage differentials; use the wrong standard errors;...
Persistent link: https://www.econbiz.de/10005125806