Showing 1 - 10 of 67
The nonparametric censored regression model, with a fixed, known censoring point (normalized to zero), is y = max[0,m … heteroscedasticity. We also extend the estimator to the nonparametric truncated regression model, in which only uncensored data points …
Persistent link: https://www.econbiz.de/10010745070
both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment …
Persistent link: https://www.econbiz.de/10010928730
Scrutiny of potential mergers by the European Commission often focuses on unilateral effects or single firm dominance. But some cases have involved concerns over coordinated effects: the concern that the merger could increase the likelihood of consumer harm through tacit collusion by the reduced...
Persistent link: https://www.econbiz.de/10011071163
We introduce a kernel-based estimator of the density function and regression function for data that have been grouped into family totals. We allow for a common intra-family component but require that observations from different families be in dependent. We establish consistency and asymptotic...
Persistent link: https://www.econbiz.de/10010928627
We establish valid theoretical and empirical Edgeworth expansions for density-weighted averaged derivative estimates of semiparametric index models.
Persistent link: https://www.econbiz.de/10010928726
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
sample performance of the methods is investigated by means of Monte Carlo simulations from a Tobit model. …
Persistent link: https://www.econbiz.de/10010745614
This paper sets out to analyse the regional policy of the European Union by assessing whether the actual distribution of funds to the regions undermines the principle of territorial concentration. The empirical analysis shows that, due to either political equilibriums or inaccurate assumptions...
Persistent link: https://www.econbiz.de/10010745669
The paper sets out to analyze the allocations of financial resources accruing to the European regions from the Regional, Rural Development and Agricultural policies of the European Union in order to assess their territorial coordination and synergies and their degree of compatibility with the...
Persistent link: https://www.econbiz.de/10010746172
We develop new tests of the capital asset pricing model which are valid under the assumption that the distribution … is based on semiparametric efficient estimation procedures for a seemingly unrelated regression model where the …
Persistent link: https://www.econbiz.de/10010746304