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Commodity taxation and social welfare: the generalised Ramsey rule

Coady, David; Dreze, Jean - London School of Economics (LSE) - 2000

Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best general equilibrium framework, which leads to the 'generalised Ramsey rule' for...

Persistent link: https://www.econbiz.de/10010884666

More efficient kernel estimation in nonparametric regression with autocorrelated errors

Carroll, Raymond J; Linton, Oliver; Mammen, Enno; Xiao, … - London School of Economics (LSE) - 2002

We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …

Persistent link: https://www.econbiz.de/10010928799

WAGE PREMIUMS AND PROFIT MAXIMISATION IN EFFICIENCY WAGE MODELS

MACLEOD, W.B.; MALCOMSON, J. - London School of Economics (LSE) - 1989

Persistent link: https://www.econbiz.de/10005776285

A DIRECT TEST OF THE EFFICIENCY WAGE MODEL USING UK MICRO- DATA

WADHWANI, S.; WALL, M. - London School of Economics (LSE) - 1988

Persistent link: https://www.econbiz.de/10005776294

A nonparametric regression estimator that adapts to error distribution of unknown form

Linton, Oliver; Xiao, Zhijie - London School of Economics (LSE) - 2001

We propose a new estimator for nonparametric regression based on local likelihood estimation using an estimated error score function obtained from the residuals of a preliminary nonparametric regression. We show that our estimator is asymptotically equivalent to the infeasible local maximum...

Persistent link: https://www.econbiz.de/10010745013

On subset selection in non-parametric stochastic regression

Yao, Qiwei; Tong, Howell - London School of Economics (LSE) - 1994

consistent. Furthermore, two kinds of asymptotic efficiency of the selected model are proved. Both simulated and real data are …

Persistent link: https://www.econbiz.de/10010745153

Productivity differences in the airline industry: partial deregulation versus short-run protection

Marin, Pedro L. - London School of Economics (LSE) - 1995

characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market …

Persistent link: https://www.econbiz.de/10010745526

Testing the capital asset pricing model efficiently under elliptical symmetry : a semiparametric approach

Hodgson, Douglas J; Linton, Oliver; Vorkink, Keith - London School of Economics (LSE) - 2000

We develop new tests of the capital asset pricing model which are valid under the assumption that the distribution generating returns is elliptically symmetric; this assumption is necessary and sufficient for the validity of the CAPM. Our test is based on semiparametric efficient estimation...

Persistent link: https://www.econbiz.de/10010746304

How do domestic attributes affect international spillovers of CO2-efficiency?

Perkins, Richard; Neumayer, Eric - London School of Economics (LSE) - 2009

investment (FDI) stocks is greater in (a) countries with lower existing levels of domestic CO2-efficiency and (b) countries with …Although there is evidence that CO2-efficiency enhancing innovations in one country diffuse into other countries to … the strength of cross-border CO2-efficiency interdependence working through import ties and inward foreign direct …

Persistent link: https://www.econbiz.de/10010746369

Fiscal decentralization and economic growth in Central and Eastern Europe

Rodríguez-Pose, Andrés; Krøijer, Anne - London School of Economics (LSE) - 2009

services, the greater the potential for economic efficiency and growth. There is, however, little empirical evidence to … governments with their own revenue source respond better to local demands and promote greater economic efficiency. …

Persistent link: https://www.econbiz.de/10011071215