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Cowell, Frank - London School of Economics (LSE) - 1996

Inequality measures are powerful tools of applied welfare analysis. However, to use the tools effectively one has to take into account the characteristics of the data with which one usually has to work. These raise a number of common statistical problems which are addressed here for both...

Persistent link: https://www.econbiz.de/10010745474

Economic policy when models disagree

Barrieu, Pauline; Desgagne, Bernard Sinclair - London School of Economics (LSE) - 2009

This paper proposes a general way to conceive public policy when there is no consensual account of the situation of interest. The approach builds on an extension and dual formulation of the traditional theory of economic policy. It does not need a representative policymaker’s utility function...

Persistent link: https://www.econbiz.de/10010745638

Robustness properties of poverty indices

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 1994

Drawing on recent work concerning the statistical robustness of inequality statistics we examine the sensitivity of … have fundamentally different robustness properties, and demonstrate that an imporrtant commonly used subclass of poverty …

Persistent link: https://www.econbiz.de/10010745913

Robust maximization of asymptotic growth

Kardaras, Constantinos; Robertson, Scott - London School of Economics (LSE) - 2012

This paper addresses the question of how to invest in a robust growth-optimal way in a market where the instantaneous expected return of the underlying process is unknown. The optimal investment strategy is identified using a generalized version of the principal eigenfunction for an elliptic...

Persistent link: https://www.econbiz.de/10010745927

Income mobility : a robust approach

Cowell, Frank; Schluter, Christian - London School of Economics (LSE) - 1998

Persistent link: https://www.econbiz.de/10010746175

Sensitivity of inequality measures to extreme values

Cowell, Frank; Flachaire, Emmanuel - London School of Economics (LSE) - 2002

We examine the sensitivity of estimates and inequality indices to extreme values, in the sense of their robustness …

Persistent link: https://www.econbiz.de/10010746459

Distributional dominance with dirty data

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 2001

Distributional dominance criteria are commonly applied to draw welfare in- ferences about comparisons, but conclusions drawn from empirical imple- mentations of dominance criteria may be inßuenced by data contamination. We examine a non-parametric approach to reÞning Lorenz-type comparisons...

Persistent link: https://www.econbiz.de/10011071290

Extending the use of scenario planning and MCDA for the evaluation of strategic options

Ram, Camelia; Montibeller, Gilberto; Morton, Alec - London School of Economics (LSE) - 2011

evaluating strategic options. Scenario planning provides a framework for confronting uncertainty, which MCDA lacks. Integration …

Persistent link: https://www.econbiz.de/10011126098

Revisions of investment plans and the stock market rate of return

Schankerman, Mark - London School of Economics (LSE) - 1991

This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock … market to revise its valuation of those firms. A simple method is developed to decompose the uncertainty governing revisions … idiosyncratic uncertainty, but common disturbances are more important for movements in the stock market rate of return. …

Persistent link: https://www.econbiz.de/10010884677

Investment choice and inflation uncertainty

Fischer, Gregory - London School of Economics (LSE) - 2013

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … aggregates. The data show that periods of increased inflation uncertainty are associated with substantial reductions in total … models of investment under uncertainty. …

Persistent link: https://www.econbiz.de/10010884740