Bechtel, with Southwest Research Institute, Amoco Oil R&D, and the M. W. Kellogg Co. as subcontractors, initiated a study on November 1, 1993, for the US Department of Energy`s (DOE`s) Pittsburgh Energy Technology Center (PETC) to determine the most cost effective and suitable combination of...

We introduce mixtures of binomial distributions derived by assuming that the probability parameter p varies according to some law. We use the transformation p = exp([minus]t) and consider various appropriate densities for the transformed variables. In the process, the Laplace transform becomes...

In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating...

Diese Dissertation befasst sich mit Arbeitsmarkterfolg und Konsum sozioökonomischer Gruppen. Die ersten zwei Kapitel untersuchen konjunkturelle Auswirkungen auf Arbeitsmärkten für Hoch- und Niedrigqualifizierte. Zunächst wird ein qualifikationsspezifisches Konjunkturmodell mit Suchkosten...

The ability of households to insure consumption from adverse shocks is an important aspect of vulnerability to poverty. How is consumption insurance achieved in a low-income setting where formal credit and insurance markets have been observed to be imperfect or missing? Using 2003 data from the...