An abundant literature is concerned with the existence of equilibrium in incomplete markets where participation to financial markets is not restricted. To mention a few, Cass (1984), Werner (1985), Geanakoplos and Polemarchakis (1986), Duffie (1987), Duffie and Shafer (1985) and Magill and...

The dissertation discusses issues in the field of industrial organization. When the government provides better infrastructure to competing firms for innovation, private firms' R&D expenditures are affected. When the government doesn't assure project completion, the uncertainty impacts private...

Forecasting volatility has held the attention of academics and practitioners all over the world. The objective for this master's thesis is to predict the volatility in stock market by using generalized autoregressive conditional heteroscedasticity(GARCH) methodology. A detailed explanation of...

The Marshallian Macroeconomic Model (MMM) developed by Veloce and Zellner (1985} provides a novel way to study sectoral dynamics of an economy in the presence of a dynamic entry/exit equation. Later extended by Zellner and Israilevich (2005} to include interactions between households, production...

This dissertation includes three essays in Applied Econometrics. Each essay explores an interesting and important question in the real economic world. In the course of investigating the nature of each question, appropriate techniques are combined in order to overcome the problems of previous...

This dissertation studies the consumer demand system focusing on its functional forms in the theoretical aspect and the empirical aspect. The theoretical part investigates the regularity property of the consumer demand system with the normalized quadratic functional form. We display the regular...

This thesis centers on the competitions between enterprises in the steel industry in China after the SOE (state-owned enterprises) reform, which can be viewed as a case for mass economic reforms within Chinese Leviathan. To examine the effect of the SOE reform on the distributional benefits...