This chapter compares the performance of the maximum simulated likelihood (MSL) approach with the composite marginal likelihood (CML) approach in multivariate ordered-response situations. The ability of the two approaches to recover model parameters in simulated data sets is examined, as is the...

This paper offers a methodology to assess the internal productive efficiency of National Regulatory Authorities (NRAs) based on the performances of regulated markets, measured in terms of the degree of market efficiency (either static or dynamic). The estimation procedure is based on a Data...

This paper reviews some recent results on the construction of improved prediction limits for time series models and presents a simple solution based on a fully conditional approach. A prediction limit, expressed as a modification of the estimative one, is obtained so that its conditional and...