Showing 41 - 50 of 125
A distribution theory is developed for least squares estimates of the threshold in threshold autoregressive (TAR) models. We find that if we let the threshold effect (the difference in slopes between the two regimes) get small as the sample size increases, then the asymptotic distribution of the...
Persistent link: https://www.econbiz.de/10005102688
Consider a corridor which connects a continuum of residential locations to the CBD (central business district) and which is subject to flow congestion. All (identical) individuals travel along the corridor from home to work in the morning rush hour and have the same work start time. Each...
Persistent link: https://www.econbiz.de/10005102695
We test for stochastic long-memory behavior in the returns series of currency rates for eighteen industrial countries using a semiparametric fractional estimation method. A sensitivity analysis is also carried out to analyze the temporal stability of the long-memory parameter. Contrary to the...
Persistent link: https://www.econbiz.de/10005102699
Persistent link: https://www.econbiz.de/10005102700
This note corrects an error in Hansen, Journal of Applied Econometrics (1992)
Persistent link: https://www.econbiz.de/10005102701
Persistent link: https://www.econbiz.de/10005102702
This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one of which is robust. The robust one is that, whether or...
Persistent link: https://www.econbiz.de/10005102704
We investigate the effect of information on participation and time of use decisions in a free access congestible facility subject to fluctuations in capacity and demand. Expected welfare is greater with perfect than with zero information, while optimal design capacity is greater if and only if...
Persistent link: https://www.econbiz.de/10005102705
This paper presents evidence on the extent of wage mobility both while working for the same firm and when moving to a new firm. We find that mean wage growth between jobs is large in comparison to wage growth while working for the same employer,especially for less educated workers who experience...
Persistent link: https://www.econbiz.de/10005102707
Persistent link: https://www.econbiz.de/10005102711