We extend the citizen candidate framework by allowing for endogenous party formation. When a party is formed, any member of that party that wants to be a candidate in the election, first has to run in the primary election of her party. We show that in equilibrium one left-wing and one right-wing...

In this paper we provide further results on the properties of the IV estimator in the presence of weak instruments. We begin by formalizing the notion of weak identification within the local-to-zero asymptotic framework of Staiger and Stock (1997), and deriving explicit analytical formulae for...

This paper investigates the question whether it really matters for microeconometric evaluation studies to take account of the fact that the programmes under consideration are heterogeneous. Assuming that selection into the different sub-programmes and the potential outcomes are independent given...

This paper concerns public funding of parties. Two policy motivated parties receive public funds depending on their vote share. Funds finance electoral campaigns influencing voting. Two cases are investigated. In the first some voters are policy motivated and some are ''impressionable'' - their...

In this paper we propose a simple time series model of the number of transactions made in intervals of length $\Delta $ seconds. We call this model the {\sf BIN} model. The properties of the {\sf BIN} model are evaluated while we explore connections between this model and Cox processes --- that...

In this paper, we focus on how to test for long-range dependence when the process may have a one-time mean change and how to estimate the change point when data may be long-range dependent. We first analyzed why traditional long-memory tests have serious size distortions when data have short...

Traditional economic models of savings treat the household as a single individual, and do not allow for the separate preferences of and possible conflicts of interest between husbands and wives. Since wives are typically younger than their husbands and life expectancy for women exceeds that for...

No abstract.

In many surveys multiple observations on the dependent variable are collected from a given respondent. The resulting pooled data set is likely to be censored and to exhibit cross-sectional heterogeneity. We propose a model that addresses both issues by allowing regression coefficients to vary...

This paper uses micro data from the German Socio-Economic Panel to document that the wage structure in West Germany has been remarkably stable over the period 1984-97, with little variation over time in wage or earnings inequality between and within different skill groups. The paper investigates...