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Arnold, Ivo J.M.; de Vries, Casper G. - 1998

A flurry of recent articles has argued on the basis of constructed European widemonetary aggregates that the demand for EURO's will be more stable than thecurrent demand for national currencies. In policy circles this seeminglymoderating effect of monetary integration figures as an additional...

Persistent link: https://www.econbiz.de/10010324454

Models of Individual Behavior and Implications for Environmental Policy

van den Bergh, Jeroen C.J.M.; Ferrer-I-Carbonell, Ada; … - 1998

, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …

Persistent link: https://www.econbiz.de/10010324455

Abnormal Returns, Risk, and Options in Large Data Sets

Caserta, Silvia; Danielsson, Jon; de Vries, Casper G. - 1998

construction of reliablesemi-parametric estimates of the risk associated with extreme pricemovements. Our approach is based on semi …

Persistent link: https://www.econbiz.de/10010324456

The Microfoundations of Macroeconomics: An Evolutionary Perspective

van den Bergh, Jeroen C.J.M.; Gowdy, John M. - 2000

, it has rarely focused on clarifying the micro-macro distinction in economic theory and modelling.The macroevolution … topicsincorporating ideas from evolutionary theory into economics are:economic exaptations, macroeconomic consequencesof institutions, and …

Persistent link: https://www.econbiz.de/10010324458

Economic and Environmental Effects of Airline Deregulation

Schipper, Youdi; Rietveld, Piet - 1997

This paper deals with the issue of regulatory reform in the airline industry, in connection with environmental externalities. Deregulation has led to shorter routes, higher frequencies, probably larger aircraft sizes and more intense peak traffic at airports. In addition, deregulation has led to...

Persistent link: https://www.econbiz.de/10010324459

Asymptotic Properties of Predicted Probabilities in Discrete Regression

Cramer, J.S. - 2000

The discrete outcome of a probability model is recordedas Y(i)=1 while otherwise Y(i)=0. y is the vector of observedoutcomes, p the corresponding probabilities, p^a consistent estimate of p, and residuals are defined ase = y - p^. Under quite general conditions, theasymptotic properties of p^...

Persistent link: https://www.econbiz.de/10010324460

Computationally Attractive Stability Tests for the Efficient Method of Moments

van der Sluis, Pieter J. - 1997

Estimation using simulation techniques may be very time consuming. Specification tests for structuralstability often require more than one of such computationally demanding estimators. Typically one for thesample, one for the post-sample and one for the combination of sample and post-sample is...

Persistent link: https://www.econbiz.de/10010324461

Some Applications of Semi-Nonparametric Maximum Likelihood Estimation

van der Klaauw, Bas; Koning, Ruud H. - 1996

Persistent link: https://www.econbiz.de/10010324464

Exact Test Statistics and Distributions of Maximum Likelihood Estimators that result from Orthogonal Parameters

Kleibergen, Frank R. - 2000

We show that three convenient statistical properties that are known to hold forthe linear model with normal distributed errors that: (i.) when the variance is known, the likelihood based test statistics, Wald, Likelihood Ratio andScore or Lagrange Multiplier, coincide, (ii.) when the variance is...

Persistent link: https://www.econbiz.de/10010324465

Trade Reform and Labor Market Dynamics

Botman, Dennis P.J.; Tieman, Alexander F. - 1999

We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...

Persistent link: https://www.econbiz.de/10010324466