This paper derives the asymptotic distribution of Tanaka's score statistic under moderate deviation from a unit root in a moving average model of order one or MA(1). We classify the limiting distribution into three types depending on the order of deviation. In the fastest case, the convergence...

This paper derives the asymptotic distribution of Tanaka's score statistic under moderate deviation from a unit root in a moving average model of order one or MA(1). We classify the limiting distribution into three types depending on the order of deviation. In the fastest case, the convergence...

We show that the value of a zero-sum Bayesian game is a Lipschitz continuous function of the players' common prior belief, with respect to the total variation metric (that induces the topology of setwise convergence on beliefs). This is unlike the case of general Bayesian games, where lower...

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We investigate a pure exchange atomless economy under uncertainty with emphasis on an epistemic point of view, where the traders are assumed to have a non-partitional information structure. We propose a generalized notion of rational expectations equilibrium for the economy and we show the core...

Although transition to entrepreneurship is a central subject in entrepreneurial studies, there is little research on its link with previous employer firm size. This study examines this relationship by utilizing a rich data set representing the entire Taiwanese labor market. While we found that...

The purpose of this article is to investigate epistemic conditions for a sequential equilibrium in an extensive form game with imperfect information: If players mutually know that all players maximize their own expected payoffs at any information sets in their final decisions then their...