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Estimating rationality in economics: A history of statistical methods in experimental economics
Vallois, Nicolas; Jullien, Dorian - 2018
"experimetrics" in the 2000s. Yet statistics remains a minor topic in historical and methodological writings on experimental … techniques. We also highlight that, despite the decisive role played by statistics in the way EE estimate the rationality of … individuals or markets, statistics are still considered as involving non-methodological issues, i.e., as involving only purely …
Persistent link: https://www.econbiz.de/10011812586
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Testing for Cointegration in Misspecified Systems - A Monte Carlo Study of Size Distortions
Österholm, Pär - 2003
specification of a model. Using the best available tests, one can reduce the probability of estimating econometric models that are … misspecified. This paper investigates the small sample performance of four well-known cointegration tests when a system has been …, Johansen's (1991) trace and the Boswijk (1989) Wald tests are examined. The Johansen trace test adjusted by the finite sample …
Persistent link: https://www.econbiz.de/10010321641
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Hypothesis testing of multiple inequalities: The method of constraint chaining
Chen, Le-Yu; Szroeter, Jerzy - 2009
that the predominant tests currently used in econometrics do not appear to enjoy all these properties simultaneously. We … models. In this paper we set forth four key properties which tests of multiple inequality constraints should ideally satisfy … tests. A full asymptotic theory is provided for the baseline. Simulation results show that the finite-sample performance of …
Persistent link: https://www.econbiz.de/10010288421
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Economists, Incentives, Judgment, and Empirical Work
Colander, David C. - 2008
This paper asks the question: Why has the ?general-to-specific? cointegrated VAR approach as developed in Europe had only limited success in the US as a tool for doing empirical macroeconomics, where what might be called a ?theory comes first? approach dominates? The reason this paper highlights...
Persistent link: https://www.econbiz.de/10010295269
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The East German Cement Cartel : An Inquiry into Comparable Markets, Industry Structure, and Antitrust Policy
Veltins, Michael A.; Schaller, Armin; Blum, Ulrich - 2004
Maintaining sufficient levels of competition ranks among the core interests of any national – and increasingly international – antitrust policy; however, the formal proof that a cartel really functioned economically and did not only exist in a legal sense is hard to deliver: market power is...
Persistent link: https://www.econbiz.de/10010296779
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Convergence of European Spot Market Prices for Natural Gas? A Real-Time Analysis of Market Integration using the Kalman Filter
Neumann, Anne; Siliverstovs, Boriss - 2005
This paper provides a textbook example of integration between commodity markets, and the subsequent price convergence or absence thereof. We analyze price relations between spot markets for natural gas in Europe. We apply time-varying coefficient estimation applying the Kalman filter, to test...
Persistent link: https://www.econbiz.de/10010296793
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Empirical methods for networks data: Social effects, network formation and measurement error
Advani, Arun; Malde, Bansi - 2014
statistics affect outcomes. We discuss identification of these models using both observational and experimental …
Persistent link: https://www.econbiz.de/10011335608
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Muffled price signals: Household water demand under increasing-block prices
Cavanagh, Sheila M.; Hanemann, W. Michael; Stavins, … - 2002
In many areas of the world, including large parts of the United States, scarce water supplies are a serious resource and environmental concern. The possibility exists that water is being used at rates that exceed what would be dictated by efficiency criteria, particularly when externalities are...
Persistent link: https://www.econbiz.de/10011335712
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Can econometric analysis make (agricultural) economics a hard science? Critical remarks and implications for economic methodology
Petrick, Martin - 2004
) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science …
Persistent link: https://www.econbiz.de/10010322736
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Pobreza, Deforestación y Pérdida de la Biodiversidad en Guatemala
Loening, Ludger J.; Markussen, Michael - 2003
El presente trabajo explora las causas de la deforestación y la pérdida de biodiversidad en Guatemala. El documento se divide en cuatro partes. En la primera, se presenta una generalización sobre la deforestación en Guatemala entre 1950-2000. Así mismo se explora la relación entre...
Persistent link: https://www.econbiz.de/10010324188