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Persistent link: https://www.econbiz.de/10011038623
Ordinary least squares (OLS) is well-known to produce an inconsistent estimator of the spatial parameter in pure spatial autoregression (SAR). This paper explores the potential of indirect inference to correct the inconsistency of OLS. Under broad conditions, it is shown that indirect inference...
Persistent link: https://www.econbiz.de/10011164462
For testing lack of correlation against spatial autoregressive alternatives, Lagrange multiplier tests enjoy their usual computational advantages, but the (X2) first-order asymptotic approximation to critical values can be poor in small samples. We develop refined tests for lack of spatial error...
Persistent link: https://www.econbiz.de/10010900166
Matching theory studies how agents and/or objects from different sets can be matched with each other while taking agents' preferences into account. The theory originated in 1962 with a celebrated paper by David Gale and Lloyd Shapley (1962), in which they proposed the Stable Marriage Algorithm...
Persistent link: https://www.econbiz.de/10011026236
We investigate the ways in which a linear order on a finite set A can be consistently extended to a linear order on a set Pk(A) of multisets on A of fixed cardinality k. We show that for card(A) = 3 all linear orders on Pk(A) are additive and classify them by means of Farey fractions. For...
Persistent link: https://www.econbiz.de/10011335723
Condorcet domains are sets of linear orders with the property that, whenever the preferences of all voters of a society belong to this set, their majority relation has no cycles. We observe that, without loss of generality, every such domain can be assumed to be closed in the sense that it...
Persistent link: https://www.econbiz.de/10011499880
In this paper, we classify all maximal peak-pit Condorcet domains of maximal width for n È 5 alternatives. To achieve this, we bring together ideas from several branches of combinatorics. The main tool used in the classification is the ideal of a domain. In contrast to the size of maximal...
Persistent link: https://www.econbiz.de/10012300779
Condorcet domains are sets of preference orders such that the majority relation corresponding to any profile of preferences from the domain is acyclic. The best known examples in economics are the single-peaked, the single-crossing, and the group separable domains. We survey the latest...
Persistent link: https://www.econbiz.de/10013548675
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