In this paper, we discuss various large sample estimation techniques in a nonlinear regression model. We propose estimators on the basis of preliminary tests of significance and James-Stein rule. The properties of these estimators are studied in the problem of estimating regression coefficients...

This paper analyses the causes of managerial change and the impact of different reforms on firm performance, using survey data from 300 Ukrainian firms. The main findings are: 1) ownership and competition are linked to managerial change: de novo firms but also privatised firms experienced less...

This paper is a first step in the analysis of the use of signals of taxpayer's incomes by tax audit authorities. In a very simple model, we consider the design of the audit strategy when the tax authority can commit to it and has free access to a signal correlated with the taxpayer's true...

In this paper, we consider estimation of a long-run and a short-run parameter jointly in the presence of nonlinearities. The theory developed establishes limit behavior of minimization estimators of the long-run and short-run parameters jointly. Typically, if the long-run parameter that is...

This paper develops an adaptive learning scheme for a standard version of the overlapping generations model with pure exchange using the notion of an error function. Trajectories generated by this scheme converge globally to the monetary steady state for arbitrary consumers' savings behavior....

The paper explores the role of expectations in second generation currency crises models, providing an explanation for sudden shifts in speculators' behaviour that trigger currency devaluations, even without any sizeable worsening of the fundamentals of the economy. By focusing on expectations,...

We exploit the common features of models such as union-firm wage bargaining, search and efficiency wage models to develop a framework that can be used for analyzing the effects of any budget-neutral tax reform on employment in these models. We show that taxes paid by workers are not equivalent...

In the context of the centipede game this paper discusses a solution concept for extensive games that is based on subgame perfection and uncertainty aversion. Players who deviate from the equilibrium path are considered non- rational. Rational players who face non-rational opponents face genuine...

This paper uses the only representative sample of the Russian Federation, the Russian Longitudinal Monitoring Survey, to estimate the returns to education in this ex-communist country. This is one of the first studies to tackle this classic issue in labor economics with the realistic expectation...

In a recent paper we analyzed the determinants of currency crises in a sample of 30 high and middle income countries (Esquivel and Larrain, 1998). In this work we focus on Central America and analyze whether the determinants of currency crises in this region are different from those identified...