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This dissertation develops efficient semiparametric estimation of parameters and expectations in dynamic nonlinear systems and analyzes the role of environmental factors in productivity growth accounting.The first essay considers the estimation of a general class of dynamic nonlinear systems....
Persistent link: https://www.econbiz.de/10009441952
The concept of period length in the empirical application of cash-in-advance (CIA) models is introduced. CIA models posit that individuals and firms hold cash to purchase goods over a period. However, there has been no research into how long a period is. Existing empirical studies use quarterly...
Persistent link: https://www.econbiz.de/10009441957
negotiating with broadcasters.The second essay extends the bargaining theory developed in the first essay to multiple …
Persistent link: https://www.econbiz.de/10009441960
leptokurtosis which are commonly observed in speculative return series.Next, we derive the asymptotic distribution theory of the … time series. Our theory shows that the IGARCH behavior could be spurious and could be the result of ignoring persistent …
Persistent link: https://www.econbiz.de/10009441968
for dependencies across cross sections at both short-run and long-run levels. Second, our theory permits the use of …
Persistent link: https://www.econbiz.de/10009441969
Heckman and Singer (1984) argued that in typical longitudinal analyses, standard treatments of heterogeneity components result in incorrect parameterization of the duration model. As a consequence, estimation bias is not limited to duration dependence, but extends to the structural parameters as...
Persistent link: https://www.econbiz.de/10009441973
Rent controls lead not only to a smaller market quantity of rental housing; they also result in a deterioration in the quality of available rental housing. A model of the labor market is presented in which the same kind of adjustment can take place when a minimum wage is imposed. The quality of...
Persistent link: https://www.econbiz.de/10009441978
"Case-study analysis shows that long-lasting social–ecological systems have institutional arrangements regulating where, when, and how to appropriate resources instead of how much. Those cases testify to the importance of the fit between ecological and institutional dynamics. Experiments are...
Persistent link: https://www.econbiz.de/10009468313
"While the conditions of production give some guidance to what factor groupings are desirable ceteris paribus, they do not determine the boundaries of a neoclassical firm (a legal entity with a residual claimant). Indeed, they could just as well be related to other groupings, such as...
Persistent link: https://www.econbiz.de/10009468315
"This paper is one of a series of analyses that represent the first wave of work being performed by IFRI's collaborators. Each author draws upon the training and instrument of the IFRI program to address their particular research questions. Given the early stage of IFRI's implementation, the...
Persistent link: https://www.econbiz.de/10009468320