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The role of fiscal policy in inertially inflated Argentina

Arce M., Daniel G. - 1992

of the social conflict theory of inflation and creates cyclical indices of fiscal stance for developing countries …In the second essay a game-theoretic model is presented which formalizes the role of deficits in the conflict theory of … theory of inflation. Estimates are made for a hybrid of the cyclically neutral budget which reflects a macroeconomic target …

Persistent link: https://www.econbiz.de/10009477648

Hypothesis testing when a nuisance parameter is identified only under the alternative hypothesis

Ra, Sungsup - 1993

When a nuisance parameter is unidentified under the null hypothesis, standard testing procedures cannot be applied due to the singularity of the information matrix. Probably best known examples are the problems of unknown change points and the mixtures of distributions in econometrics and...

Persistent link: https://www.econbiz.de/10009477686

Some aspects of modeling conditional heteroskedasticity: Theory and applications

Lee, Sangkyu - 1989

This dissertation concerns theoretical and empirical aspects of a class of conditionally heteroskedastic models. We apply the White's information matrix (IM) test to the linear regression model with autocorrelated errors. A special case of one component of the test is found to be identical to...

Persistent link: https://www.econbiz.de/10009477694

Essays on bankruptcy and the resolution of financial distress

Longhofer, Stanley D. - 1995

That a firm's initial equityholders often emerge from Chapter 11 bankruptcy proceedings with more value than the absolute priority rule (APR) would suggest is now a generally accepted fact. The form in which this value is distributed, however, is less well understood. In particular, why do the...

Persistent link: https://www.econbiz.de/10009477765

Specification tests and a reformulation of frontier models: An alternative approach to efficiency estimation

Mallick, Naresh Chandra - 1995

Following Farrell's (1957) definitions of firm's technical and allocative efficiencies and the formulation of composite error stochastic frontier model by Aigner, Lovell and Schmidt (1977), a substantial amount of research work has been performed measuring firm's technical inefficiency using...

Persistent link: https://www.econbiz.de/10009477913

Three essays on trading information

Chung, Heesoo - 1992

In this thesis, I have examined the models of dynamic competitive behavior on trading information. This information can be seen as a cost reducing manufacturing technique of output. Assume that the value of information is nonincreasing in the number of information holders. For the analysis, two...

Persistent link: https://www.econbiz.de/10009484425

Three essays in microeconomics of public enterprises under asymmetric information and uncertainty

Acharya, Arnab Kumar - 1989

In Chapter 1, we present a model describing the control of a single public enterprise in a less developed country environment, through the imposition of an allocation scheme--consisting of an output target at a particular unit cost--by a central planner. We assume information asymmetry with a...

Persistent link: https://www.econbiz.de/10009484427

Some applications of minimum norm quadratic estimation and eigenvalue-based test for heteroskedasticity

Suprayitno, Totok - 1993

This dissertation concerns with some estimations of heteroskedastic models and tests for heteroskedasticity. We reconsider the minimum norm quadratic unbiased estimation (MINQUE) to obtain an alternative estimator of variance-covariance matrix in heteroskedastic models. We derive the analytical...

Persistent link: https://www.econbiz.de/10009484432