The rapidly rising inflow of foreign migrants confronts policy-makers with many socio-economic problems. The negative externalities of uncontrolled immigration are well known and often hard to cope with. In recent years we have seen many policy initiatives based on self-reliance principles for...

Root cancellation in Auto Regressive Moving Average (ARMA) models leads to local non-identification of parameters. When we use diffuse or normal priors on the parameters of the ARMA model, posteriors in Bayesian analyzes show an a posteriori favor for this local non-identification. We show that...

The test on the presence of full insurance that is commonly employed does not take into account that households also rely on buffer stocks to shield their consumption from income shocks. In this paper a test is developed that deals with this omission. It is shown that in the presence of partial...

Alphabetic name ordering on multi-authored academic papers, which is the convention in the

The location behaviour of modern multinational multi-plant firms appears to exhibit increasingly a flexible mobility pattern with a strong tendency towards footlooseness. The spatial-economic dynamics - often across the border - of such firms is sometimes encapsulated in the term 'nomadic...

Price elasticities of transport demand are an important tool to assess the impacts of pricing policies. Empirical research on these elasticities leads to a rather wide range of outcomes. There is obviously a need for a more rigorous methodological framework. This paper provides a new integrative...

We investigate the potential presence of time variation in the coefficients of the ''Fama regression'' for Uncovered Interest Rate Parity. We implement coefficient constancy tests, rolling regression techniques, and stochastic coefficient models based on state space modelling. Among six major US...

The paper applies Ricardo's principle of comparative advantage to analyze the substitutability between types of labor. The problem of having to classify labor in a small number of types in e.g. standard CES models are avoided by applying a continuum of worker and job types, where better skilled...

A bank employs logistic regression with state-dependent sample selection to identify loans that may go wrong. Inspection shows that the logit model is inappropriate. A bounded logit model with a ceiling of (far) less than 1 fits the data much better.

In this paper we will describe a Multi-Agent System which is capable of finding a feasible solution of a specially structured linear programming problem. Emphasis is given to correctness issues and termination detection.