Coalition formation is often analysed in an almost non-cooperative way, as a two-stage game that consists of a first stage comprising membership actions and a second stage with physical actions, such as the provision of a public good. We formalised this widely used approach for the case where...

In empirical research, measuring correctly the benefits of welfare interventions is incredibly relevant for policymakers as well as academic researchers. Unfortunately, the endogenous program participation is often misreported in survey data and standard instrumental variable techniques are not...

Die Messungen von dichotomen Individualeigenschaften können fehlerbehaftet sein. Diese Messfehler sind in der Regel nicht erkennbar und können somit nicht korrigiert werden. Damit besteht die Möglichkeit, dass Messfehler der Individualebene Aggregate wie Häufigkeiten und Anteilswerte...

Virtually each seasonal adjustment software includes an ensemble of seasonality tests for assessing whether a given time series is in fact a candidate for seasonal adjustment. However, such tests are certain to produce either the same resultor conflicting results, raising the question if there...

We present general conditions for the weak convergence of a discrete-time additive scheme to a stochastic process with memory in the space D [ 0,T ]. Then we investigate the convergence of the related multiplicative scheme to a process that can be interpreted as an asset price with memory. As an...