We consider a random design model based on independent and identically distributed pairs of observations (Xi, Yi), where the regression function m(x) is given by m(x) = E(Yi|Xi = x) with one independent variable. In a nonparametric setting the aim is to produce a reasonable approximation to the...

Statistical flowgraphs represent multistate semi-Markov processes using integral transforms of transition time distributions between adjacent states; these are combinedalgebraically and inverted to derive parametric estimates for first passage time distributions between nonadjacent states. This...

We apply semiparametric efficient estimation procedures for a seemingly unrelated regression model where the multivariate error density is elliptically symmetric to study the efficiency of the foreign exchange market. We consider both cointegrating regressions and standard stationary...

Tyrimo objektas – pajamų iš pelno mokesčio prognozavimas.Tyrimo tikslas – pasiūlyti pelno mokesčio pajamų prognozavimo modelį, kuris tiksliausiai prognozuotų pelno mokestį Lietuvos ekonominėmis sąlygomis.Uždaviniai:1) nustatyti pelno mokesčio įtaką valstybės pajamoms;2)...

The paper has a methodological character. It deals with possibilities of univariate time series models use in forecasting the regional labour market indicators. The main attention is focused on methodology for combining forecasts from different individual procedures. Forecasting performances of...

"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...

"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...