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Persistent link: https://www.econbiz.de/10008496339
Ranking infinite utility streams includes many impossibility results, most involving certain Pareto, anonymity, or continuity requirements. We introduce the concept of the future agreement extension, a method that explicitly extends orderings on finite time horizon to an infinite time horizon....
Persistent link: https://www.econbiz.de/10005018253
This paper discusses the problem of estimating unknown change point in the trend function of a time series regression model. The error process considered here is a Gaussian stationary process with spectral density. The asymptotic properties of quasi maximum likelihood (QMLE) and quasi Bayes...
Persistent link: https://www.econbiz.de/10005018602