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This discussion paper resulted in a publication in <Stochastic Models</I> (2012). Volume 28(3), pages 478-502.<P> We apply the splitting method to three well-known counting problems, namely 3-SAT, random graphs with prescribed degrees, and binary contingency tables. We present an enhanced version of the splitting method...</p></stochastic>
Persistent link: https://www.econbiz.de/10011255459
A large number of exact inferential procedures in statistics and econometrics involve the sampling distribution of ratios of random variables. If the denominator variable is positive, then tail probabilities of the ratio can be expressed as those of a suitably defined difference of random...
Persistent link: https://www.econbiz.de/10011255898
Adaptive Polar Sampling (APS) is proposed as a Markov chain Monte Carlomethod for Bayesian analysis of models with ill-behaved posteriordistributions. In order to sample efficiently from such a distribution,a location-scale transformation and a transformation to polarcoordinates are used. After...
Persistent link: https://www.econbiz.de/10011256462
chart application, adaptive survey designs for sampling rare and clustered populations, income distribution inequality …
Persistent link: https://www.econbiz.de/10011256964
well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up … href="http://www.springerlink.com/content/ak4r54626380774p/">Journal of Economic Inequality</A>. …
Persistent link: https://www.econbiz.de/10011256511
general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry … variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …
Persistent link: https://www.econbiz.de/10011257001
inequality and is itself a product of that inequality. The evidence supports a significant and substantial impact of ill … makes to income inequality. Variation in exposure to health risks early in life is a potentially important mechanism through … which health may generate, and possibly sustain, economic inequality. If material advantage can be excercised within the …
Persistent link: https://www.econbiz.de/10011257494
A pluralist approach to economics is both necessary from anacademic as well a policy point of view. From an academicviewpoint pluralism can be understood as the outcome ofcompetition and specialization in the search for new ideasthat can deal with imperfections of the real world. From apolicy...
Persistent link: https://www.econbiz.de/10011256473
This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of the multivariate BEKK model for four TCI indicators...
Persistent link: https://www.econbiz.de/10011272578
This discussion paper led to a publication in <A HREF="https://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=1&SID=X2NBDLnsMJR3Goz6AkG&page=1&doc=7">'CESIFO ECONOMIC STUDIES'</A>, 2007, 53(1), 42-68.<P> After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics....</p></a>
Persistent link: https://www.econbiz.de/10011256611