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robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are … robustness using quasi-experiments. The analysis pertains to sign, size andsignificance of the effects, and we relax the quasi …
Persistent link: https://www.econbiz.de/10011255799
See the article in the <I>Annals of Financial Economics</I> (2013). Volume 8, issue 2, pages 1-18.<P> In this paper, we develop a modified maximum likelihood (MML) estimator for the multiple linear regression model with underlying student t distribution. We obtain the closed form of the estimators, derive...</p></i>
Persistent link: https://www.econbiz.de/10011256601
of high quality papers, and quantitative information about a journal. The robustness of the rankings is also analysed. …
Persistent link: https://www.econbiz.de/10011256794
. At the same time, there is discussion regarding the robustness of the results of empirical growth studies. In a seminal … paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … along several dimensions, acknowledging the complexity of therobustness concept. Our findings show that the robustness of …
Persistent link: https://www.econbiz.de/10011256981
distribution. The robustness of the concomitant test statistic is assessed, and four different methods are discussed for applying …
Persistent link: https://www.econbiz.de/10011257302
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011255608
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011255622
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011255757
Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...
Persistent link: https://www.econbiz.de/10011255988
This discussion paper resulted in an article in the 'Journal of Economic Behavior and Organization' (2007). Volume 62, pages 579-590.<P> When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in...</p>
Persistent link: https://www.econbiz.de/10011256246