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Persistent link: https://www.econbiz.de/10005250062
Suppose that the Ordinary Least Squares regressors X follow a vector Ornstein-Uhlenbeck process, with growth matrix bA. The limiting sample variance matrix V is of interest. If A=kI, k[greater-or-equal, slanted]0, then [not partial differential]V/[not partial differential]b[greater-or-equal,...
Persistent link: https://www.econbiz.de/10005319546
The number of Arrovian constitutions, when N agents are to rank n alternatives, is p(n)p(n)N, where p(n) is the number of weak orderings of n alternatives. For n\leq15, p(n) is the nearest integer to n!/2(log2)n+1, the dominant term of a series derived by contour integration of the generating...
Persistent link: https://www.econbiz.de/10005369376
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In this paper we consider the problem of testing the null hypothesis that a series has a constant level (possibly as part of a more general deterministic mean) against the alternative that the level follows a random walk. This problem has previously been studied by, inter alia, Nyblom and...
Persistent link: https://www.econbiz.de/10005100074
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In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
Persistent link: https://www.econbiz.de/10005761171
In this paper, we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty, there may be less...
Persistent link: https://www.econbiz.de/10005215786
Persistent link: https://www.econbiz.de/10005247170