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traditional economies of scale in fishery. The latter, in fact, does not depend from the vessel technology, but on the degree of … original method and an application for testing costs subadditivity in the fishery sector, by using a system of supply functions …
Persistent link: https://www.econbiz.de/10011785062
TFP of the fisheries sector and fishery firms in 28 coastal provinces of Vietnam. The paper evaluated the effects of …
Persistent link: https://www.econbiz.de/10014247026
In this paper we address the implications of production risk for controlling fishing effort in a regulated fishery in a … the number of days the fishery is open to harvest each year. …
Persistent link: https://www.econbiz.de/10011109615
was unique in the sense that the buyback was implemented in a fishery managed by individual vessel tradeable harvesting …The paper presents the first ex-post analysis of profit and productivity of individual vessels following a vessel or … licence buyback in a fishery. Using individual firm-level data for the period 1997-2000, the paper analyzes a "natural …
Persistent link: https://www.econbiz.de/10005113723
A Direct Monte Carlo (DMC) approach is introduced for posterior simulation in theInstrumental Variables (IV) model with one possibly endogenous regressor, multipleinstruments and Gaussian errors under a flat prior. This DMC method can also beapplied in an IV model (with one or multiple...
Persistent link: https://www.econbiz.de/10010326547
This paper presents a new approximation to the exact sampling distribution of the instrumental variables estimator in simultaneous equations models. It differs from many of the approximations currently available, Edgeworth expansions for example, in that it is specifically designed to work well...
Persistent link: https://www.econbiz.de/10005149061
The paper presents the problem of identification in parametric models from the algebraic point of view. We argue that it is not just another perspective but the proper one. That is using our approach we can see the very nature of the identification problem, which is slightly different than that...
Persistent link: https://www.econbiz.de/10009209876
The aim of the paper is to test for ¯nancial contagion by estimating a simultaneous equation model subject to structural breaks. For this purpose, we use the Maximum Overlapping Discrete Wavelet Transform, MODWT, to decompose the covariance matrix of four asset returns on a scale by scale...
Persistent link: https://www.econbiz.de/10008542658
Poskitt and Skeels (2005) provide a new approximation to the sampling distribution of the IV estimator in a simultaneous equations model, the approximation is appropriate when the concentration parameter associated with the reduced form model is small. We present approximations to the sampling...
Persistent link: https://www.econbiz.de/10005587627
In recent years, regulators have increased their focus on the capital adequacy of banking institutions to enhance their stability, hence the stability of the whole financial system. The purpose of this paper is to assess and compare how American and European banks adjust their level of capital...
Persistent link: https://www.econbiz.de/10005698700