Title:A Re-Interpretation of the Linear-Quadratic Model When Inventories and Sales Are Polynomially Cointegrated
Author(s):BANERJEE, Anindya; MIZEN, PaulDate:2006Type of Publication:ArticleAbstract:Estimation of the linear quadratic model, the workhorse of the inventory literature, traditionally takes inventories and sales to be first-difference stationary series, and the ratio of the two variables to be stationary. ...
Title:A Semi-Parametric Estimator for Censored Selection Models with Endogeneity
Author(s):LEE, M. J.; VELLA, FrankDate:2006Type of Publication:ArticleAbstract:We propose a semi-parametric least-squares estimator for a censored-selection (type 3 tobit) model under the mean independence of the outcome equation error u from the regressors given the selection indicator and its error ...
Title:A Small Sample Correction for Tests of Hypotheses on the Cointegrating Vectors
Author(s):JOHANSEN, SorenDate:2002Type of Publication:ArticleAbstract:The main purpose of the analysis of the cointegrated VAR model is conducting inference on the cointegrating relations. Asymptotic inference is chi(2), but the asymptotic results are not accurate enough for small samples. ...
Title:A Structured Var For Denmark Under Changing Monetary Regimes
Author(s):JUSELIUS, KatarinaDate:1998Type of Publication:ArticleAbstract:Using recently developed statistical tools for analyzing cointegrated I(2) data, this article models money, income, prices, and interest rates in Denmark. The final model describes the dynamic adjustment to short-run changes ...
Title:A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes
Author(s):CALSAMIGLIA, Xavier; KIRMAN, AlanDate:1993Type of Publication:ArticleAbstract:It is shown that any informationally decentralized mechanism that realizes fair allocations over the class of classical pure exchange environments has a message space of dimension no smaller than the number of agents times ...
Title:Abilities, Attitudes, Behaviors and their Effects on Economic Outcomes
Author(s):WEISS, ChristophDate:2011Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis takes latent variables seriously. It consists of three chapters discussing the determinants of economic success for a British cohort. The evidence presented shows that abilities during childhood and adolescence ...
Title:Abortion: Challenges to the Status Quo
Author(s):KRAVARITOU, Yota; SHELDON, SallyDate:1994Type of Publication:Working PaperSeries/Report no.:EUI LAW