We perform an analysis of tail index estimation through Monte-Carlo simulations of synthetic data, in order to evaluate several tail estimators proposed in the literature. We derive and discuss the error of the Hill estimator under a general tail expansion of the distribution function. The...

On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early...