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Revealed Preference and Time Series Analyses of U.S. Macroeconomic Aggregates
Maia Filho, Luiz Flavio - 2004
conclusions on the overall GARP-consistency of data and on weak separability of particular aggregates are affected by the … significant losses of information about the dynamic behavior of higher-frequency data. The power of the GARP test in datasets of … power of the GARP test. Finally, we apply Varian's tools to study for the first time a dataset including the value of …
Persistent link: https://www.econbiz.de/10009431210
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Why Do Popular Mechanisms Lack Efficiency in Random Environments?
Kesten, Onur - 2009
We consider the problem of randomly assigning n indivisible objects to n agents. Recent research introduced a promising mechanism, the probabilistic serial that has superior efficiency properties than the most common real-life mechanism random priority. On the other hand, mechanisms based on...
Persistent link: https://www.econbiz.de/10009440996
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Regrouping of endowments in exchange markets with indivisible goods
Dimitrov, Dinko; Haake, Claus-Jochen - 2005
In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of...
Persistent link: https://www.econbiz.de/10009452478
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Employing Travel Time to Compare the Value of Competing Cultural Organizations
Boter, Jaap; Rouwendal, Jan; Wedel, Michel - 2005
A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...
Persistent link: https://www.econbiz.de/10009477025
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Shared Versus Separate Networks - The Impact of Reprovisioning
Sen, Soumya; Guérin, Roch A; Hosanagar, Kartik - 2009
As networks improve and new services emerge, questions arise that affect service deployments and network choices. The Internet is arguably a successful example of a network shared by many services. However, combining heterogeneous services on the same network need not always be the right answer,...
Persistent link: https://www.econbiz.de/10009438861
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Essays in international finance and search theory.
Wicas, Nelson Walter - 1992
This dissertation contains three essays that can be read independently. The first chapter examines how a debt crisis can occur and persist as a result of unanticipated, transitory, real interest rate and commodity price shocks. Using an optimal stopping framework, the debtor country's optimal...
Persistent link: https://www.econbiz.de/10009439095
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Equilibrium, efficient-markets, and liquidity in the cash-in-advance model
Arroyo, Cristino Rodriguez; Arroyo, Cristino Rodriguez - 1991
equilibrium theory. Consider, for instance, the case of the efficiency of forward exchange rates vis-a-vis spot rates. Depending …
Persistent link: https://www.econbiz.de/10009441845
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ESTIMATION OF THE LINEAR AND QUADRATIC EXPENDITURE SYSTEMS FOR COLOMBIAN HOUSEHOLDS
MARTIN, THOMAS LEE; MARTIN, THOMAS LEE - 1981
This study is an empirical analysis of household expenditure behavior using the Linear and Quadratic Expenditure Systems. The expenditure systems are estimated using data collected in 1972 by the Departmento Administrativo Nacional de Estadisticas (DANE) of Bogota, Colombia. The Linear...
Persistent link: https://www.econbiz.de/10009441861
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Essays on parametric and nonparametric modeling and estimation with applications to energy economics
Gao, Weiyu; Gao, Weiyu - 1999
My dissertation research is composed of two parts: a theoretical part on semiparametric efficient estimation and an applied part in energy economics under different dynamic settings. The essays are related in terms of their applications as well as the way in which models are constructed and...
Persistent link: https://www.econbiz.de/10009441863
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Three essays on time series with nonstandard nonstationary models
Miller, James Isaac; Miller, James Isaac - 2005
In the first chapter; we consider nonlinear transformations of random walks driven by thick-tailed innovations with infinite means or variances. In particular, we show how nonlinearity, nonstationarity, and thick tails interact to generate persistency in memory, and we clearly demonstrate that...
Persistent link: https://www.econbiz.de/10009441866