Search Results - subject:"Inconsistent"

Did you mean: subject:"inconsistency" (2,872 results)

The Asymptotic and Finite Sample Distributions of OLS and Simple IV in Simultaneous Equations

Kiviet, Jan F.; Niemczyk, Jerzy - Tinbergen Instituut - 2006

the asymptotic efficiency of this inconsistent estimator with that of consistent simple instrumental variable (IV … inconsistent estimator is more precise. In addition, we examine by simulation to what extent these first-order asymptotic findings …

Persistent link: https://www.econbiz.de/10011257566

Inflation Band Targeting and Optimal Inflation Contracts

Westelius, Niklas J.; Mishkin, Frederic S. - Department of Economics, Hunter College - 2006

In this paper we examine how target ranges work in the context of a Barro-Gordon (1983) type model, in which the time-inconsistency problem stems from political pressures from the government. We show that target ranges turn out to be an excellent way to cope with the time-inconsistency problem,...

Persistent link: https://www.econbiz.de/10004987343

The Asymptotic and Finite Sample Distributions of OLS and Simple IV in Simultaneous Equations

Kiviet, Jan F.; Niemczyk, Jerzy - Tinbergen Institute - 2006

model. In simple static and dynamic models we compare the asymptotic efficiency of this inconsistent estimator with that of … mildness of the simultaneity -- the inconsistent estimator is more precise. In addition, we examine by simulation to what …

Persistent link: https://www.econbiz.de/10005137201

A case study of a workplace wellness program that offers financial incentives for weight loss

Cawley, John; Price, Joshua A. - In: Journal of Health Economics 32 (2013) 5, pp. 794-803

Employers are increasingly adopting workplace wellness programs designed to improve employee health and decrease employer costs associated with health insurance and job absenteeism. This paper examines the outcomes of 2635 workers across 24 worksites who were offered financial incentives for...

Persistent link: https://www.econbiz.de/10010870822

Linear–Quadratic Time-Inconsistent Mean Field Games

Bensoussan, A.; Sung, K.; Yam, S. - In: Dynamic Games and Applications 3 (2013) 4, pp. 537-552

In this paper, we study a class of time-inconsistent analogs (in the sense of Hu et al. (Time-inconsistent stochastic …

Persistent link: https://www.econbiz.de/10011001888

Time-consistent mean-variance portfolio selection in discrete and continuous time

Czichowsky, Christoph - In: Finance and Stochastics 17 (2013) 2, pp. 227-271

It is well known that mean-variance portfolio selection is a time-inconsistent optimal control problem in the sense …

Persistent link: https://www.econbiz.de/10010997077

Optimal investment strategy for the DC plan with the return of premiums clauses in a mean–variance framework

He, Lin; Liang, Zongxia - In: Insurance: Mathematics and Economics 53 (2013) 3, pp. 643-649

mean–variance stochastic control into Markovian time inconsistent stochastic control, then establish a verification theorem …

Persistent link: https://www.econbiz.de/10011046641

Preference‐inconsistent information and cognitive discomfort: a cross‐cultural investigation

Aggarwal, Praveen; Soo Kim, Chang; Cha, Taihoon - In: Journal of Consumer Marketing 30 (2013) 5, pp. 392-399

Purpose – This study aims to examine cultural differences between Easterners and Westerners in processing preference‐inconsistent … differently by preference‐inconsistent information. They experience a greater level of cognitive discomfort, exhibit a stronger … motivation to reduce that discomfort, and attempt to resolve the conflict between their original preference and inconsistent …

Persistent link: https://www.econbiz.de/10014849851

Identifying inconsistent responses in dichotomous choice contingent valuation with follow-up questions

Kang, Heechan; Haab, Timothy C.; Interis, Matthew G. - In: Resource and Energy Economics 35 (2013) 3, pp. 396-411

We develop a new but simple non-parametric method to diagnose inconsistency in double-bounded contingent valuation questions in the presence of both perfect and imperfect correlation between initial and follow-up response distributions. The proposed method can identify inconsistency in iterative...

Persistent link: https://www.econbiz.de/10010678888

Non-existence of competitive equilibria with dynamically inconsistent preferences

Gabrieli, Tommaso; Ghosal, Sayantan - In: Economic Theory 52 (2013) 1, pp. 299-313

economy with dynamically inconsistent preferences. We distinguish between a sophisticated and naive representative agent. Even …

Persistent link: https://www.econbiz.de/10010634232