We consider estimation and inferences for fixed effects spatial panel data models based on unbalanced panels that arise from nonparticipation or inaction of some spatial units in certain time periods. The unbalanced nature of the panel data renders the standard transformation method of...

This paper examines the allocative efficiency of two popular non-price allocation mechanisms - the lottery (random allocation) and the waiting-line auction (queue system) - for the cases where consumers possess identical time costs (the homogeneous case), and where time costs are correlated with...

We propose two types of equal predictive ability (EPA) tests with panels to compare the predictions made by two forecasters. The first type, namely S-statistics, focuses on the overall EPA hypothesis which states that the EPA holds on average over all panel units and over time. The second,...