Dynamic factor models (DFM) constitute an active and growing area of research, both in econometrics, in macroeconomics, and in finance. Many applications lie at the center of policy questions raised by the recent financial crises, such as the connections between yields on government debt, credit...

This dissertation provides a thorough analysis of the costs associated with, andefficacy of, sequential license buyback auctions. I use data from the Texas ShrimpLicense Buyback Program - a sequential license buyback auction - to estimate theeffects of a repeated game set-up on bidding behavior....

Non-equilibrium dynamics in the evolution of industries -- Models of industry dynamics -- A dynamic model of Schumpeterian competition -- Growing an industry in silico -- Shakeouts : limited foresight, technological shocks, and transient industry dynamics -- Industry dynamics in the steady state...