Showing 1 - 10 of 12
derived from the proposed measure. Finite-sample distributions, power and size are analyzed in a Monte-Carlo exercise. An …
Persistent link: https://www.econbiz.de/10011255536
from this basic requirement by presenting an algorithm for nonparametric estimation of conditional quantiles when both the …
Persistent link: https://www.econbiz.de/10011255547
With the aim to mitigate the possibleproblem of negativity in the estimation of the conditionaldensity function, we introduce a so-called re-weightedNadaraya-Watson (RNW) estimator. The proposed RNWestimator is constructed by a slight modificationof the well-known Nadaraya-Watson...
Persistent link: https://www.econbiz.de/10011256515
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10011255490
can have better power than alternative Empirical Distribution Function tests. …
Persistent link: https://www.econbiz.de/10011255562
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10011255884
This discussion paper led to a chapter in .Voting Power and Procedures: Essays in Honour of Dan Felsenthal and Moshé … mix-up of the notions of success and satisfaction which is prevailing in the voting power literature. We demonstrate that … is predominant in the voting power literature. However, we provide two examples of sequential decision-making mechanisms …
Persistent link: https://www.econbiz.de/10011255947
This discussion paper resulted in a publication in 'Public Choice', 151, 757-787. <P> Power is a core concept in the … analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that … it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis …
Persistent link: https://www.econbiz.de/10011256751
affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise … this power by influencing their followers choice of action. We study a two-action model for a society with opinion leaders … choice is made by simple majority of the actions chosen by each member. For this model we axiomatize satisfaction and power …
Persistent link: https://www.econbiz.de/10011256876
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) and relax the assumptions on consumption sets and preferences. We show that initial holdings are irrelevant for lexicographic welfare maximization. Equilibria other than such maximizers can be...
Persistent link: https://www.econbiz.de/10011257443