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Seasonal adjustment procedures attempt to estimate the sample realizations of an unobservable economic time series in the presence of both seasonal factors and irregular factors. In this paper we consider a factor which has not been considered explicitly in previous treatments of seasonal...
Persistent link: https://www.econbiz.de/10012477969
In this paper I analyze the relationships among investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. After analyzing the impact of changes in the distribution of the marginal operating profit of capital, I extend the model to...
Persistent link: https://www.econbiz.de/10012457120
, but then a bias term with unknown sign has to be estimated. We provide an estimator for this sign and the full programme …. Simulation results are also presented.It is weIl known that extreme value parameter estimators which balance the asymptotic bias …
Persistent link: https://www.econbiz.de/10010325182
for (and against) each putative bias, and I highlight when and how different biases may be related to each other. The …
Persistent link: https://www.econbiz.de/10012480852
determine appropriate critical values, which can be several times standard levels. Overfitting bias also severely exacerbates … the multiple testing bias that arises when investigators consider more results than they present. Combining the best k out … of n candidate signals yields a bias almost as large as those obtained by selecting the single best of n …
Persistent link: https://www.econbiz.de/10012457338
Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...
Persistent link: https://www.econbiz.de/10012470948
efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to …
Persistent link: https://www.econbiz.de/10012458724
This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation …
Persistent link: https://www.econbiz.de/10012456271
beliefs have to sink in--being merely lagged, as the theory requires, is not sufficient. Past experiments with conflicting … experiments, whose designs replicate past KR-nonsupporting experiments, we add new sink-in manipulations that endow individuals …
Persistent link: https://www.econbiz.de/10012452999
This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax … altruism and inequality aversion. The experiment varies the amount of inequality and the collective choice procedure to …
Persistent link: https://www.econbiz.de/10012458719