This is the first study to apply to Japanese housing data the econometric analysis of piecewise-linear budget constraints arising from space-linked interest rates. Two models of housing demand are discussed: The first is a Hausman-type model for floor space with random preferences and...

In this poper we present a consistent spacification test of a parametric regression function against a general nonparametric alternative. The proposed test is based on wavelet estimation ant it is shown to have similar rates of convergence to the more commonly used kernel based tests.

The data consists of multivariate failure times under random censorship. By the kernel smoothing techniques, convolutions of integrated multivariated hazard functions provide some estimators of the so-called multivariate hazard functions (Fermanian (1995)). We adopt the method of Jones, Marron...