We focus on the Moulin-Shenker cost sharing rule as a natural extension of the serial rule to multi-service facilities where services are personalized. We show that it is the unique regular rule that is compatible with scale invariance and self consistency

A general model specification test of a parametric model against a nonparametric or semiparametric alternative is studied. The test statistic employs a fixed kernel, not varying by a bandwidth. This test is proved to be consistent, the asymptotic distribution is derived and shown to be...

A general model specification test of a parametric model against a nonparametric or semiparametric alternative is studied. The test statistic employs a fixed kernel, not varying by a bandwidth. This test is proved to be consistent, the asymptotic distribution is derived and shown to be...

The determination of toxicokinetic parameters is an essential component in the risk assessment of potential harmful chemicals. It’s a first step to analyse the processes which are involved in the development of DNA adducts and might therefore lead to the development of cancer. The complete...

One of the most important parametric nonlinear time series models is the (self exciting) threshold autoregressive model. The TAR model was introduced by Tong/Lim (1980). There are some extensions to this class of models, namely smooth transition threshold autoregressive model. Other nonlinear...

Asymmetric behavior has been documented in post-war quarterly U.S. unemployment rates. This suggests that improvement over conventional linear forecasts may be possible through use of nonlinear time series models. In this paper an out-of-sample forecasting competition is carried out for a set of...