Similar Search Results

The stock market as a screening device and the decision to go public

Ellingsen, Tore; Rydqvist, Kristian - 1997

Persistent link: https://www.econbiz.de/10000962234

Evaluating portfolio performance with stochastic discount factors

Dahlquist, Magnus; Söderlind, Paul - 1997

Persistent link: https://www.econbiz.de/10000962236

Testing for unit roots in nonlinear dynamic heterogeneous panels

He, Changli (contributor); Sandberg, Rickard (contributor) - 2005 - [Elektronische Ressource]

In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section modelled as an LSTAR model. All parameters are viewed as cross section specific. We allow for serially correlated residuals over time and heterogenous variance among cross sections....

Persistent link: https://www.econbiz.de/10002595402

Parametric covariance matrix modeling in Bayesian panel regression

Salabasis, Mickael (contributor) - 2004 - [Elektronische Ressource], Rev. February 16, 2005

The full Bayesian treatment of error component models typically relies on data augmentation to produce the required inference. Never stricly necessary a direct approach is always possible though not necessarily practical. The mechanics of direct sampling are outlined and a template for including...

Persistent link: https://www.econbiz.de/10002595455

Determing the number of regimes in a threshold autoregressive model using smooth transition autoregressions

Strikholm, Birgit (contributor); … - 2005 - [Elektronische Ressource], Rev. February 11, 2005

In this paper we propose a method for determining the number of regimes in threshold autoregressive models using smooth transition autoregression as a tool. As the smooth transition model is just an approximation to the threshold autoregressive one, no asymptotic properties are claimed for the...

Persistent link: https://www.econbiz.de/10002535492

The cutting power of preparation

Tercieux, Olivier (contributor); … - 2005 - [Elektronische Ressource]

In a strategic game, a curb set [Basu and Weibull, Econ. Letters 36 (1991) 141] is a product set of pure strategies containing all best responses ro every possible belief restricted to this set. Prep sets [Voorneveld, Games Econ. Behav. 48 (2004) 403] relax this condition by only requiring the...

Persistent link: https://www.econbiz.de/10002552658

Does adverse selection matter? : Evidence from a natural experiment

Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]

different risk classes, and were unexpectedly given the opportunity to insure their dental care costs. The setup of the … insurance makes it possible to observe a proxy for private information. Interestingly, results differ across risk classes …. Within high-risk classes, there is evidence of adverse selection and within low-risk classes, the results, surprisingly …

Persistent link: https://www.econbiz.de/10002570039

Information updating and insurance dropout : evidence from dental insurance

Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]

is to relate the dropout decision to new information on risk, acquired by the policy holder and the insurer. The results … utilization. The results show updating on dental risk to be asymmetric, giving agents and insurer partly different information … sets. Higher premiums are viewed as higher prices of insurance rather than fair risk reassessments. Agents do not take the …

Persistent link: https://www.econbiz.de/10002570047

Testing parameter constancy in unit root autoregressive models against continuous change

He, Changli (contributor); Sandberg, Rickard (contributor) - 2005 - [Elektronische Ressource], Rev. February 8, 2005

In this paper we derive tests for parameter constancy when the data generating process is non-stationary against the hypothesis that the parameters of the model change smoothly over time. To obtain the asymptotic distributions of the tests we generalize many theoretical results, as well as new...

Persistent link: https://www.econbiz.de/10002570513

Is neoclassical economics still entrepreneurless?

Bianchi, Milo (contributor); Henrekson, Magnus (contributor) - 2005 - [Elektronische Ressource], Rev. March 29, 2005

highlight how a simplistic interpretation of the existing mainstream approaches incorporating entrepreneurship runs the risk of …

Persistent link: https://www.econbiz.de/10002570545