dependence to the i.i.d. binomial case. Furthermore, we show that the expected payoff of a European call option in the …

This paper considers regression models for cross-section data that exhibit cross-section dependence due to common …) estimators in this context. The results of the paper allow for any form of cross-section dependence and heterogeneity across …

there is cross section error dependence, the probability limit of the dynamic panel regression estimator is a random … there is cross section dependence even in situations where N is very large. …