In regressions involving integrable functions we examine the limit properties of IV estimators that utilise integrable transformations of lagged regressors as instruments. The regressors can be either I(0) or I(1) processes. We show that this kind of nonlinearity in the regression function can...

Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide in order to shift consumer purchases to low-carbon cars, yet little is known about the effectiveness and overall economic impact of these schemes. We focus on feebate schemes, which impose a fee on high-carbon...

Vehicle taxation based on a car’s CO2 emission levels is increasingly adopted in countries around the world. This paper describes a model of oligopolistic competition in markets with differentiated products, simulating automobile demand and supply under alternative tax regimes. The objective...

Non-cash incomes from either private or public sources can have substantial effects on the distribution of economic welfare. However, standard approaches to inequality measurement either neglect them or take into account only selected non-monetary items. Using data for Greece in the mid 2000s we...

Empirical labour market studies on the effects of minimum wages are typically confined to the sector or the worker group directly affected. Also, they often address the cases where the legislative coverage of the minimum wage is universal or almost universal. This study examines the relationship...

This article studies the relationship between the level of consumers’ inequality (or heterogeneity) and the size of government for the case of an impure public good. It is shown that the size of redistribution (represented by the level of subsidy provided to the firm) increases with the...

A unifying framework for inference is developed in predictive regressions where the predictor has unknown integration properties and may be stationary or nonstationary. Two easily implemented nonparametric F-tests are proposed. The test statistics are related to those of Kasparis and Phillips...

In this paper we employ the 2009 Family Expenditure Survey conducted by the Statistical Service of Cyprus in order to measure the poverty risk among immigrants in Cyprus. Results show that immigrants face a higher risk and depth of poverty than the native population. Large intra-group variation...

This paper examines the interaction between policies of the host and source countries in the context of a model of skilled-worker migration. The host country aims to provide low-cost labor for its employers while also taking into consideration the fiscal burden of providing social services to...

This article characterizes the set of correlated equilibria that result from open negotiations, which players make prior to playing a strategic game. A negotiation-proof correlated equilibrium is defined as a correlated strategy in which the negotiation process among all of the players prevents...