Narrow search
Showing 1 - 10 of 131
Cover Image
Tax liability side equivalence in experimental posted-offer markets
Borck, Rainald; Engelmann, Dirk; Müller, Wieland; … - 2000
In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of … equivalence. We find that market outcomes are essentially the same when the tax is levied on sellers as when it is levied on … equivalence. -- Tax Liability ; Posted Offer Market ; Experimental Economics …
Persistent link: https://www.econbiz.de/10009582390
Cover Image
Capacity choices and price competition in experimental markets
Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001
In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In equilibrium, capacities should correspond to the Cournot prediction. In the experimental data, given capacities, observed price setting behavior is in general consistent with...
Persistent link: https://www.econbiz.de/10009612564
Cover Image
Nonparametric estimation and testing of interaction in additive models
Sperlich, Stefan; Tjostheim, Dag; Yang, Lijian - 1998
We consider an additive model with second order interaction terms. It is shown how the components of this model can be estimated using marginal integration, and the asymptotic distribution of the estimators is derived. Moreover, two test statistics for testing the presence of interactions are...
Persistent link: https://www.econbiz.de/10009574875
Cover Image
Functional coefficient autoregressive models : estimation and tests of hypotheses
Chen, Rong - 1998
In this paper we study nonparametric estimation and hypothesis testing procedures for the functional coefficient AR (FAR) models of the form Xt = f1(Xt-d)Xt-1 +…+ fp(Xt-d)Xt-p +εt, first proposed by Chen and Tsay (1993). As a direct generalization of the linear AR model, the FAR model is a...
Persistent link: https://www.econbiz.de/10009574879
Cover Image
On estimation of monotone and concave frontier functions
Gijbels, Irène; Mammen, Enno; Park, Byeong U.; Simar, … - 1998
When analyzing the productivity of firms, one may want to compare how the firms transform a set of inputs x (typically labor, energy or capital) into an output y (typically a quantity of goods produced). The economic efficiency of a firm is then defined in terms of its ability of operating close...
Persistent link: https://www.econbiz.de/10009574880
Cover Image
Maximization of empirical Shannon information in testing significant variables of linear model
Malyutov, M.; Sadaka, H. - 1998
Search for an unknown set A,Card(A) = s, of significant variables of a linear model with random IID discrete binary carriers and finitely supported IID noise is studied. Two statistics T1, Ts, based on maximization of Shannon Information (SI) of the corresponding classes of joint empirical...
Persistent link: https://www.econbiz.de/10009574888
Cover Image
Estimation of a function with discontinuities via local polynomial fit with an adaptive window choice
Spokojnyj, Vladimir G. - 1998
We propose a method of adaptive estimation of a regression function and which is near optimal in the classical sense of the mean integrated error. At the same time, the estimator is shown to be very sensitive to discontinuities or change-points of the underlying function f or its derivatives....
Persistent link: https://www.econbiz.de/10009574890
Cover Image
The Beveridge-Nelson decomposition : a different perspective with new results
Gómez, Víctor; Breitung, Jörg - 1998
We show in the paper that the decomposition proposed by Beveridge and Nelson (1981) for models that are integrated of order one can be generalized to seasonal Arima models by means of a partial fraction decomposition. Two equivalent algorithms are proposed to optimally (in the mean squared...
Persistent link: https://www.econbiz.de/10009577456
Cover Image
Regression and contrast estimated based on adaptive regressograms depending on qualitative explanatory variables
Bunke, Olaf; Castell, Ernestina - 1998
This methodological paper discusses the application of "adaptive" non-parametric procedures for estimating regression functions or contrasts in situations with quantitative regressands and qualitative regressors. We propose to apply an adaptive regressogram, that is the selection of a...
Persistent link: https://www.econbiz.de/10009577458
Cover Image
Simulation based methods of moments in empirical finance
Liesenfeld, Roman; Breitung, Jörg - 1998
Persistent link: https://www.econbiz.de/10009578008