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The polytopic model (PM) structure is often used in the areas of automatic control and fault detection and isolation (FDI). It is an alternative to the multiple model approach which explicitly allows for interpolation among local models. This thesis proposes a novel approach to PM estimation by...
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Share equations play an important role in applied economic research, notably in marketing and demand analysis. Both market shares and budget shares have been used as dependent variables in econometric models which were partly motivated by microeconomic theory. However attempts of econometricians...
Persistent link: https://www.econbiz.de/10010398148
An adequate stochastic model for shares as dependent variables is provided by the Dirichlet distribution. The paper considers two different parametrizations which lead to linear and nonlinear Dirichlet share equations. Using an inequality for the trigamma function the global concavity of the...
Persistent link: https://www.econbiz.de/10010398223
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Share equations play an important role in applied economic research, notably in marketing and demand analysis. Both market shares and budget shares have been used as dependent variables in econometric models which were partly motivated by microeconomic theory. However attempts of econometricians...
Persistent link: https://www.econbiz.de/10010190042
An adequate stochastic model for shares as dependent variables is provided by the Dirichlet distribution. The paper considers two different parametrizations which lead to linear and nonlinear Dirichlet share equations. Using an inequality for the trigamma function the global concavity of the...
Persistent link: https://www.econbiz.de/10010220228
Do the rich always get richer by investing in a cryptocurrency for which new coins are issued according to a Proof-of-Stake (PoS) protocol? We answer this question in the negative: Without trading, the investor shares in the cryptocurrency are martingales that converge to a well-defined limiting...
Persistent link: https://www.econbiz.de/10012259559
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