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A Simple Deconvolving Kernel Density Estimator when Noise is Gaussian

Proenca, Isabel - EconWPA - 2005

Deconvolving kernel estimators when noise is Gaussian entail heavy calculations. In order to obtain the density … estimates numerical evaluation of a specific integral is needed. This work proposes an approximation to the deconvolving kernel … the lost in performance relatively to the true deconvolving kernel, is almost negligible in finite samples. …

Persistent link: https://www.econbiz.de/10005062537

Nonparametric Slope Estimators for Fixed-Effect Panel Data

Mundra, Kusum - EconWPA - 2005

In panel data the interest is often in slope estimation while taking account of the unobserved cross sectional heterogeneity. This paper proposes two nonparametric slope estimation where the unobserved effect is treated as fixed across cross section. The first estimator uses first-differencing...

Persistent link: https://www.econbiz.de/10005119099

A Dual Model of Cooperative Value

Feldman, Barry - EconWPA - 2002

An expanded model of value in cooperative games is presented in which value has either a linear or a proportional mode, and NTU value has either an input or an output basis. In TU games, the modes correspond to the Shapley (1953) and proportional (Feldman (1999) and Ortmann (2000)) values. In...

Persistent link: https://www.econbiz.de/10005407563

Taking Positive Interest Rates Seriously

Pan, Enlin; Wu, Liuren - EconWPA - 2004

We present a dynamic term structure model in which interest rates of all maturities are bounded from below at zero. Positivity and continuity, combined with no arbitrage, result in only one functional form for the term structure with three sources of risk. One dynamic factor controls the level...

Persistent link: https://www.econbiz.de/10005413120

The Core of Economies with Asymmetric Information: An Axiomatic Approach

Volij, Oscar; Lee, Darin - EconWPA - 1997

We propose two generalizations of the Davis Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.

Persistent link: https://www.econbiz.de/10005118523

New Wine in Old Bottles: A Sequential Estimation Technique for the LPM

Horrace, William C.; Oaxaca, Ronald L. - EconWPA - 2002

The conditions under which ordinary least squares (OLS) is an unbiased and consistent estimator of the linear probability model (LPM) are unlikely to hold in many instances. Yet the LPM still may be the correct model or, perhaps, justified for practical reasons. A sequential least squares (SLS)...

Persistent link: https://www.econbiz.de/10005119162

THE POLITICAL ROBUSTNESS IN INDONESIA

Situngkir, Hokky - EconWPA - 2004

anthropological analysis of socio-political system in Indonesia. This fact accentuates a character of robustness in Indonesian …

Persistent link: https://www.econbiz.de/10005118801

Robustness or Efficiency, A Test to Solve the Dilemma

Dehon, Catherine; Gassner, Marjorie; Verardi, Vincenzo - EconWPA - 2005

regression framework, on the basis of the trade-off betewen robustness and efficiency. An economic example is provided to …

Persistent link: https://www.econbiz.de/10005119155