This paper introduces a new approach to Bayesian nonparametric inference for densities on the hypercube, based on the use of a multivariate Bernstein polynomial prior. Posterior convergence rates under the proposed prior are obtained. Furthermore, a novel sampling scheme, based on the use of...

Solutions of DSGE models are usually represented by state space forms. This note shows that if one wishes to determine whether the observables of the model admit a finite order VAR representation, minimality of the state space representation of the solution matters. More specifically, we first...

This paper analyzes the PhD labour market in connection to the Research and Innovation countries’ performance. Research and Innovation is essential for competitiveness in a global economy and doctorate holders have the skills and attributes to both engage in world-class research and make...

Following the original interpretation of the Shapley value (Shapley, 1953a) as a priori evaluation of the prospects of a player in a multi-person iteraction situation, we propose a group value, which we call the Shapley group value, as a priori evaluation of the prospects of a group of players...

Discrete time models are used in Ecology for describing the evolution of an agestructured population. Usually, they are considered from a deterministic viewpoint but, in practice, this is not very realistic. The statistical model we propose in this article is a reasonable model for the case in...

In this article we propose a recombination procedure for previously split data. It is basedon the study of modes in the density of the data, since departing from unimodality canbe a sign of the presence of clusters. We develop an algorithm that integrates a splitting process inherited from the...

We study the impact of parameter uncertainty in multiperiod portfolio selection with trading costs. We analytically characterize the expected loss of a multiperiod investor, and we find that it is equal to the product of two terms. The first term corresponds with the single-period utility loss...

Since risky positions in multivariate portfolios can be offset by various choices of capital requirements that depend on the exchange rules and related transaction costs, it is natural to assume that the risk measures of random vectors are set-valued. Furthermore, it is reasonable to include the...

By noting that the Hodrick-Prescott filter can be expressed as the solution to a particular regression problem, we are able to show how to construct confidence bands for the filtered time-series. This procedure requires that the data are stationary. The construction of such confidence bands is...

This paper introduces an extension of the p-median problem and its application to clustering, in which the distance/dissimilarity function between units is calculated as the distance sum on the q most important variables. These variables are to be chosen from a set of m elements, so a new...