We propose marginal integration estimation and testing methods for the coefficients of varying coefficient multivariate … regression model. Asymptotic distribution theory is developed for the estimation method which enjoys the same rate of convergence … as univariate function estimation. For the test statistic, asymptotic normal theory is established. These theoretical …

In this experimental study of tax evasion and its determinants participants earn their income in a complex stochastic … intertemporal environment including the possibility to invest into a risky asset. The earned income has to be declared in four tax … donated to charity organizations. Our main results show that higher income induces tax fraud and that gender differences exist. …

People dislike inflation because inflation erodes the real value of future nominal income and wealth. Adjustment of … future nominal values via a cost of living index is an appropriate way to handle the problem of real income risk. Nonetheless … an important aspect needs more discussion: If markets existed in which "real income risks" could be traded-would a …

explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …

Estimation …

exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …