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Yalonetzky, Gaston Isaias; Fafchamps, Marcel - 2008

This thesis is a collection of three essays with contributions to the intergenerational and intra-generational mobility literature. The essay on full risk insurance and measurement error examines the likelihood that measurement error may reconcile observed departures from perfect rank immobility...

Persistent link: https://www.econbiz.de/10009441400

Pigs in Cyberspace: A Natural Experiment Testing Differences between Online and Offline Club-Pig Auctions

Roe, Brian E.; Wyszynski, Timothy E. - 2011

We find sale prices and net revenues received by sellers in the Midwestern club pig market are higher at traditional face-to-face auctions than at comparable Internet auctions. The comparison overcomes adverse selection issues that commonly plague such analyses by using data from sellers that...

Persistent link: https://www.econbiz.de/10009442785

PRICE PREMIUMS FROM A CERTIFIED FEEDER CALF PRECONDITIONING PROGRAM

Ward, Clement E.; Lalman, David L. - 2003

Preconditioning calf programs, while not new, are becoming more prevalent. They provide benefits to cow-calf producers while adding value for feeder cattle buyers. However, questions remain regarding the marginal returns from marketing preconditioned calves exceeds the marginal costs for...

Persistent link: https://www.econbiz.de/10009442991

Tractors on eBay: Differences between Internet and In-Person Auctions

Diekmann, Florian; Roe, Brian E.; Batte, Marvin T. - 2007

Internet auction platforms are changing the face of transactions in many business sectors, including agriculture. We provide one of the first systematic examinations of the differences between internet and in-person auctions in agricultural input markets. A hedonic model estimated with used...

Persistent link: https://www.econbiz.de/10009444983

Reliability generalization: lapsus linguae

Smith, Julie Marilyn - 2011

This study examines the proposed Reliability Generalization (RG) method for studying reliability. RG employs the application of meta-analytic techniques similar to those used in validity generalization studies to examine reliability coefficients. This study explains why RG does not provide a...

Persistent link: https://www.econbiz.de/10009431819

Static Hedging of Standard Options

CARR, PETER; WU, LIUREN - 2002

short term, more liquid options based on a quadrature rule. We use Monte Carlo simulation to determine the hedging error … based on daily rebalancing in the underlying futures. The simulation results indicate that the two types of strategies have … diffusion model. Further simulation exercises indicate that these results are robust to model misspecification, so long as one …

Persistent link: https://www.econbiz.de/10009440737

Accommodating uncertainty in comparative risk

Andrews, Clinton J.; Hassenzahl, David M.; Johnson, … - 2004

Comparative risk projects can provide broad policy guidance but they rarely have adequate scientific foundations to support precise risk rankings. Many extant projects report rankings anyway, with limited attention to uncertainty. Stochastic uncertainty, structural uncertainty, and ignorance are...

Persistent link: https://www.econbiz.de/10009458732

Small Sample Properties of Certain Cointegration Test Statistics: A Monte Carlo Study

Dhrymes, Phoebus J.; Thomakos, Dimitrios D. - 1997

This paper reports on the result of a Monte Carlo study. The latter investigates the performance of various versions of the Conformity test (CCT) for the existence and rank of cointegration, as given in Johansen (J) (1988), (1991), and the stochastic trends qf(k,m) test (SW), as given in Stock...

Persistent link: https://www.econbiz.de/10009472581

Bootstrap Markov chain Monte Carlo and optimal solutions for the Law of Categorical Judgment (Corrected)

Kochanski, Greg P; Rosner, Burton S. - 2010

A novel procedure is described for accelerating the convergence of Markov chain Monte Carlo computations. The algorithm uses an adaptive bootstrap technique to generate candidate steps in the Markov Chain. It is efficient for symmetric, convex probability distributions, similar to multivariate...

Persistent link: https://www.econbiz.de/10009441534

Technological and Economic Risk Analysis of laying hen breeding applying simulation

Kovacs, Sandor; Ertsey, Imre; Balogh, Peter - 2007

In order to analyse risks and to choose from different decision-making strategies simulation models are often applied … technological and economic risks of breeding a laying-hen stock with a simulation program developed by our team. During modelling we … simulation allows the quantification of farming risks. Both the mathematicalbackground of the program and its applicability in …

Persistent link: https://www.econbiz.de/10009445143