This paper tests a traditional model of asset pricing, the CCAPM (Consumption Capital Asset Pricing Model), using data from the Spanish stock market. A generalized calibration method is used to test this model. This method allows us to judge the degree of correspondance between the population...

The Laplace mixture distribution for stock share returns is derived from conditional N(0,x2) distribution. The conditioning variable, x2, is assumed to be an exponentially distributed random variable. This offers a natural stochastic interpretation of the risk involved with the stock share....

This paper systematically analyzes and enriches the observational learning paradigm of Banerjee (1992) and Bikhchandani, Hirshleifer, and Welch (1992).

This paper deals with applying GIS and spatial statistics to hedonic modeling. More precisely, it looks at spatial autocorrelation and trend surface analysis (TSA) as devices that can be used to improve model performances. Empirical analysis is performed on the Charlesbourg 1986-87 bungalow...

We introduce non-nested hypothesis tests using indirect simulation-based estimation procedures.

This paper takes a fresk look at testing hypotheses on dimensionality in the MANOVA model.