We study a random effects censored regression model in the context of repeated games. Introducing a feedback variable into the model leads to violation of the strict exogeneity assumption, thus rendering the random effects estimator inconsistent. Using the example of contributions to a public...

Remuneration for politicians has been discussed frequently and thus, has been the subject of many reforms in recent decades. Remuneration has an influence on whether or not citizens choose to run for office as well as the amount of effort they might invest once elected. In this paper, I...

Die vorliegende Arbeit befasst sich mit der Vorhersage von Währungskrisen. Dazu wird ein dreidimensionales Frühwarnsystem für Währungskrisen konstruiert, das anhand zehn osteuropäischer Länder von 1995 bis 2003 mit einer binär logistischen Regression in sample und out of sample auf seine...

District-wide drought climatology over India for the southwest monsoon season (June–September) has been examined using two simple drought indices; Percent of Normal Precipitation (PNP) and Standardized Precipitation Index (SPI). The season drought indices were computed using long times series...

If an economic relationship is superimposed by a linear time trend, the regression without detrending is misspecified. The estimators of such a regression do not converge to the true parameter values. First, the asymptotic limit arising from such misspecified regressions is characterized....