This paper addresses the robustness of information-sharing incentives of the Cournot oligopoly firms to differences in the cost functions and the quality of information. Specifically, the author investigates which firm has more incentive to share information; the conditions under which...

The dynamic factor model of Stock and Watson (2005) and the FAVAR model of Boivin (2009) include both observable and unobservable factors, and they estimate the model by using an iterative procedure. This paper presents a two-step procedure.

This paper considers alternative two-step estimators and their small sample properties for the seemingly unrelated regression (SUR) model with non-nested missing observations. A Monte Carlo experiment indicates that alternative estimators have more profound differences in their efficiency,...