We consider cointegration tests in the situation where the cointegration rank is decient. This situation is of interest in nite sample analysis and in relation to recent work on identication robust cointegration inference. We derive asymptotic theory for tests for cointegration rank and for...

While universal health coverage (UHC) offers a powerful goal for a nation, all countries-irrespective of income are struggling with achieving or sustaining UHC. France is a high-income country where HC is in effect universal. Health-related costs are covered by a mix of mandatory social health...

In high frequency transit operations, randomness and incidents often result in highly irregular headways which can significantly decrease service quality. Deadheading is one commonly used real-time operations control strategy that can improve service quality in such situations. When a vehicle is...

Under the current system of managed float exchange rates, large countries are able to absorb changes in their balance-of-payments by either manipulating international reserves to sterilize capital flows or by accepting changes in their exchange rates. In this system, the monetary authorities of...

This article examines the relationship between personal discount rates and sexual behaviors in a sample of teenagers and young adults. We find that higher discount rates (an indication of less willingness to forego current consumption for future consumption) are significantly associated with a...

This note corrects a small but important error in the uniform portion of the socially optimal step toll derived by Arnott et al. (1990a). In particular, we show that this toll is actually a function of the values of travel time, early arrival time, and late arrival time (i.e., not just the value...