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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

Sources of differential relative price variability: An examination of the microfoundations of inflation

Jaggi, Arvind - 1991

The central issue dividing neoclassical and Keynesian economists is how markets react to perturbations to longrun equilibria. The standard resolution of this controversy is that neoclassical responses are appropriate to competitive markets, while Keynesian responses better describe oligopolistic...

Persistent link: https://www.econbiz.de/10009477664

Existence of marginal cost pricing equilibria with public goods

Hamano, Tadashi - 1989

We examine the existence of marginal cost pricing equilibria under non-convex technology. We formalize marginal cost prices in terms of Clarke's normal cone.

Persistent link: https://www.econbiz.de/10009477666

Sequential analysis of duration data with application to "reemployment bonus" experiments

Bilias, Yannis - 1995

Suitable methodology and an asymptotic theory for the sequential analysis of time-to-event (duration) data is developed … on martingale theory. Instead a modern empirical process theory is used to deal with the underlying two …-dimensional character of the problem. A very general treatment of the large sample theory with minimum technicalities is made developed. …

Persistent link: https://www.econbiz.de/10009477675