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Arnwine, Neil Lewis; Arnwine, Neil Lewis - 1996

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

Essays on bargaining power

Heidhues, Paul Franz; Heidhues, Paul Franz - 2000

negotiating with broadcasters.The second essay extends the bargaining theory developed in the first essay to multiple …

Persistent link: https://www.econbiz.de/10009441960

Econometric analysis of ARCH models with persistent covariates

Han, Heejoon; Han, Heejoon - 2006

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

Essays on time series and panel data econometrics

Song, Wonho; Song, Wonho - 2003

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

Multivariate nonparametric estimation on censored panel data

Huh, Keun; Huh, Keun - 1989

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

Carrots and sticks: Enforceable effort and the minimum wage

Sadka, Richard Albert; Sadka, Richard Albert - 1999

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

Exchange rate pass-through: Theoretical and empirical issues

Bishop, Paul Charles - 1994

This dissertation examines several theoretical and empirical issues associated with exchange rate pass-through, defined as the percentage change in import prices for a one percent change in the exchange rate. The theoretical sections of this study posit a conjectural variations model of...

Persistent link: https://www.econbiz.de/10009477605

Essays on differential information economies

Hahn, Guangsug - 1996

In the first essay, we analyze the necessary and sufficient conditions for coalitional Bayesian Nash implementation. A mechanism coalitionally implements a social choice set if any outcome of the social choice set can be achieved as a coalitional Bayesian Nash equilibrium of a mechanism and vice...

Persistent link: https://www.econbiz.de/10009477616

Three essays on increasing returns to scale and international trade theory

Tang, Min - 1989

In this thesis, we consider the trading world economy with some firms exhibiting increasing returns to scale technology. We focus on the problems of existence of equilibrium, gains from trade and the effects of increasing returns in developing countries.

Persistent link: https://www.econbiz.de/10009477622

The role of fiscal policy in inertially inflated Argentina

Arce M., Daniel G. - 1992

of the social conflict theory of inflation and creates cyclical indices of fiscal stance for developing countries …In the second essay a game-theoretic model is presented which formalizes the role of deficits in the conflict theory of … theory of inflation. Estimates are made for a hybrid of the cyclically neutral budget which reflects a macroeconomic target …

Persistent link: https://www.econbiz.de/10009477648