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Chapter one provides a new estimator for the ordered polychotomous model. The estimator is based on the use of the average of the standard normal densities with different means as a parametric approximation to the density of the error term. The method also, for the first time, provides a...
Persistent link: https://www.econbiz.de/10009441888
carefully. Standard theory assumes that when firms decentralize, firms located away from the Central Business District (CBD … of capital, a complimentary factor of production. I show that the wage gradient posited by standard urban theory breaks …
Persistent link: https://www.econbiz.de/10009441889
, and the asymptotic theory of the Kalman filter is derived. In particular, we establish the consistency and asymptotic …
Persistent link: https://www.econbiz.de/10009441897
This dissertation includes three essays on decision-making by boundedly rational economic agents. The first essay deals with decision-making by firms where decision-making is costly. The other two essays deal with decision-making by individuals. Taken together, the last two argue that...
Persistent link: https://www.econbiz.de/10009441899
The thesis shows two possible ways in which intergenerational redistributions associated with a reform from a comprehensive income tax to a direct consumption tax are affected when the standard models studying this phenomenon are extended.The usual models studying the welfare impact of a direct...
Persistent link: https://www.econbiz.de/10009441903
We first analyze a pure bargaining problem where n players can split a pie on a unanimous agreement. All players have the same utility function of the form $\delta s$ where $s$ is the share of a player and $\delta$ the discount factor. We present four simple bargaining processes where a player's...
Persistent link: https://www.econbiz.de/10009441907
This dissertation consists of three essays on the taxation of capital income. The first essay examines the effects of the interactions of home and host country tax provisions on capital investment decisions by a U.S. multinational before and after a capital-importing country switches from a...
Persistent link: https://www.econbiz.de/10009441909
This dissertation examines two separate issues concerning systems of demand equations. The first essay deals with the econometric implementation of demand systems and the second analyzes the demand for integer-ordered goods.In the first essay, we examine the consequences of adopting the random...
Persistent link: https://www.econbiz.de/10009441933
This study provides an overview of the Neoclassical theory of production as well as topics on market structure. It …
Persistent link: https://www.econbiz.de/10009441938
We lay a unified foundation for a theory of general equilibrium by proving the existence of an equilibrium for a grand …
Persistent link: https://www.econbiz.de/10009441940