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Strong consistency of least squares estimators of the slope parameter in simple linear regression models is established …
Persistent link: https://www.econbiz.de/10010326230
reduced game consistency in addition to other standard properties. …
Persistent link: https://www.econbiz.de/10010326277
We analyze a consistent two-factor model for pricing temperature derivatives that incorporates the forward looking information available in the market by specifying a model for the dynamics of the complete meteorological forecast curve. The two-factor model is a generalization of the...
Persistent link: https://www.econbiz.de/10010331120
This note is concerned with estimating censored quantile regressions (CQR). As its major contribution, a' new algorithm, called BRCENS, is developed as an adaption of the Barrodale-Roberts algorithm for the standard quantile regression problem. In a subsequent simulation study, BRCENS performs...
Persistent link: https://www.econbiz.de/10010332101
examine the implications of two axioms, namely 'consistency' and 'unanimity.' Consistency requires the allocation … characterization of the Pareto correspondence using a version of 'converse consistency.' …
Persistent link: https://www.econbiz.de/10010332519
It is common in studies of individual choice behavior to report averages of the behavior under consideration. In the social sciences the mean is, indeed, often the quantity of interest, but at times focusing on the mean can be misleading. For example, it is well known in labor economics that...
Persistent link: https://www.econbiz.de/10010334258
directly from a simple sufficient condition for consistency: being generated by associative paths, which can be used to show … consistency for many other methods. We introduce a new axiom, dummy consistency, which is quite mild. Nonetheless there is an … important relationship between dummy consistency and consistency. For example, we show that all additive cost sharing methods …
Persistent link: https://www.econbiz.de/10010334354
different forms of nonstationarity and noninvertibility. As in related settings, the proof of consistency (which is a … stochastic and deterministic components. We establish consistency and asymptotic normality under quite general circumstances …
Persistent link: https://www.econbiz.de/10011583219
. We derive considerably weaker conditions that can be used in practice to ensure the consistency of the maximum likelihood … estimator for a wide class of observation-driven time series models. Our consistency results hold for both correctly specified …
Persistent link: https://www.econbiz.de/10011586697
In Bonanno (Int. J. Game Theory, 42:567-592, 2013) a general notion of perfect Bayesian equilibrium (PBE) was introduced for extensive-form games and shown to be intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed notion is the...
Persistent link: https://www.econbiz.de/10010507617