The use of a nonparametrically generated instrumental variable in estimating a single-equation linear parametric model is explored, using kernel and other smoothing functions. The method, termed IVOS (Instrumental Variables Obtained by Smoothing), is applied in the estimation of measurement...

This paper investigates the linkage between one aspect of supply chain strategy and TQM principles and outcomes. We empirically test the relationship among strategic quality planning, supplier-based relationships, and some TQM practices such as product design, product innovation, dependable...

As residential energy markets open to competition, consumers can choose from a range of tariffs offered by different suppliers. We examine the relationship between the fixed charge levied on each consumer, and the variable charge per unit of energy used across all these tariffs. Data are the...

(WP 04/03 Clave pdf) Thurstone´s (1927) is not a proper model for multiple judgment paired comparison data as it assigns zero probabilities to all intransitive patterns. To obtain a proper model, Takane (1987) extended Thurstone´s model by adding a vector of pair specific random errors. We...

This paper tests for the existence of contagion during the 1997/98 Asian crisis. We interpret contagion as a significant change in the way that country-specific shocks are transmitted across international stock markets. Using the full-information framework of Favero and Giavazzi (2002) we find...

As residential energy markets open to competition, consumers can choose from a range of tariffs offered by different suppliers. We examine the relationship between the fixed charge levied on each consumer, and the variable charge per unit of energy used across all these tariffs. Data are the...

Purpose – The purpose of this paper is to reconcile the multidimensional nature of poverty with a population's cultural conditioning for the purpose of policy evaluation. Design/methodology/approach – Structural equation modeling is the strategy used to compare nested models. Findings –...

Purpose – The purpose of this paper is to reconcile the multidimensional nature of poverty with a population's cultural conditioning for the purpose of policy evaluation. Design/methodology/approach – Structural equation modeling is the strategy used to compare nested models. Findings –...

The determinants of risk attitude amongst family members are explored using data from the German Socio-Economic Panel over the period 2004 to 2009. The focus of the analysis is the repeated responses to the survey question about general willingness to take risk. Responses to this question are...

In this paper we theoretically and empirically analyse the capability to social interaction between parents and children in Italy, within a capability approach framework. For this purpose, after having identified the functionings and conversion factors related to this capability, we have built...