Showing 1 - 10 of 63
The recently proposed family of hypernormal density functions possess the analytically convenient and computationally efficient property of closed form moments and anti-derivatives in the univariate case. While this result allows many univariate applications to be solved faster and/or more...
Persistent link: https://www.econbiz.de/10005063588
This paper addresses the relationship between individual perceptions and the uses of a business language. Perceptions are modeled explicitly, and are not common knowledge. A business language enables individuals with different perceptions to trade. I present a formal criterion for faithfulness...
Persistent link: https://www.econbiz.de/10005063645
We proposed two types of econometric models, a spatially clustered fixed-effects model (SCFEM) and a spatially correlated random-effects model (SCREM), to examine area-based panel data. We investigate what factors influence housing construction in the Tokyo Metropolitan Area, incorporating...
Persistent link: https://www.econbiz.de/10005130149
This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005342201
The core is extended to games with incomplete information. The feasible set is characterized by incentive …
Persistent link: https://www.econbiz.de/10005342211
economies under asymmetric information. I obtain a new notion of core that refines Wilson (1978)'s coarse core. It is nonempty … as a technical tool for proving the nonemptiness of the coarse core. Indeed, the core converges to the set of Wilson …
Persistent link: https://www.econbiz.de/10005130196
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … such voting games, this approach makes it possible to derive core concepts in which information sharing is endogenous. Our … results lend support to credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be …
Persistent link: https://www.econbiz.de/10005130219
Much of the statistical analysis for poverty measurement regards the data employed to estimate poverty statistics as error-free observations. However, it is amply recognized that surveys responses are not perfectly reliable and that the quality of the data is often poor, especially for...
Persistent link: https://www.econbiz.de/10005328859
We study participation and relative earnings in the formal, informal, and self-employed sectors in Bolivia. We estimate quantile earnings equations corrected for self-selectivity to address potential biases in the estimates of relative earnings gaps due to the endogeneity of sector...
Persistent link: https://www.econbiz.de/10005328885