This study considers endogenous determination of domestic standards on products that cause negative consumption externalities in the presence of a preferential trade agreement (PTA) in a three-country world. In particular, we examine how a PTA affects the optimal levels of external tariffs and...

A set of <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$n$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mrow> <mi>n</mi> </mrow> </math> </EquationSource> </InlineEquation>-principal points of a <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$p$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mrow> <mi>p</mi> </mrow> </math> </EquationSource> </InlineEquation>-dimensional distribution is an optimal <InlineEquation ID="IEq3"> <EquationSource Format="TEX">$$n$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mrow> <mi>n</mi> </mrow> </math> </EquationSource> </InlineEquation>-point-approximation of the distribution in terms of a squared error loss. It is in general difficult to derive an explicit expression of principal points. Hence, we may have to...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>

We analyze foreign equity caps for international joint ventures. We develop a partial equilibrium model in which foreign equity caps are determined endogenously and find an interesting property, named a welfare indifference property i.e., maximization of domestic welfare and that of world...

This paper presents a generalization of Rao's covariance structure. In a general linear regression model, we classify the error covariance structure into several categories and investigate the efficiency of the ordinary least squares estimator (OLSE) relative to the Gauss-Markov estimator (GME)....

In a seemingly unrelated regression model with p([greater-or-equal, slanted]2) equations, this paper considers the problem of testing independence of equations against a one-sided alternative hypothesis. The power functions of invariant tests are evaluated and the locally most mean powerful...

We analyze foreign equity caps for international joint ventures. We develop a partial equilibrium model in which foreign equity caps are determined endogenously and find an interesting property, named a welfare indifference property i.e., maximization of domestic welfare and that of world...

We investigate the behaviors of subjects who either do or do not adhere to the expected utility theory using the Becker-DeGroot-Marschak (BDM) method. We directly examine the validity of the expected utility theory in order to distinguish subjects into two groups: those who adhere to the...

When two groups are present, they are said to form an allometric model, if one group is the extension of the other group along the main axis of variation. The model is widely used in the context of principal component analysis, especially for the description of growth processes of creatures. In...

This paper complements the results of Tong (Ann. Statist. 17 (1989) 429), Shaked and Tong (Ann. Statist. 20 (1992) 614) and Eaton (in: Stochastic Inequalities, IMS Lecture Notes Monograph Series, Vol. 22, 1993, 76) by deriving some monotonicity results associated with intra-inter-class...

In a general normal regression model, this paper first derives the LUB(least upper bound)for the covariance matrix of a GLSE relative to the applied to the (unrestricted) Zellner estimator in the N-equation SUR model and to the GLSE in a heteroscedastic model.