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Statistical Methods Used for Identification of Art Prices Determinants

Bialynicka-Birula, Joanna - 2021

The paper deals with the problem of determinants of the auction prices of the works of art. A specialattention is given to the attributes of works of art i.e.: the name of artist, time of creation, format (size), theme, technique, signature and their influence on the level of auction prices. The...

Persistent link: https://www.econbiz.de/10013229546

Structural Estimation of Expert Strategic Bias : The Case of Movie Critics

Camara, Fanny - 2015

We develop the first structural estimation of reputational cheap-talk games using data on movie reviews released in the US between 2004 and 2013. We identify and estimate movies' priors, as well as movie reviewers' abilities and strategic biases. We find that reviewers adopt reporting strategies...

Persistent link: https://www.econbiz.de/10013032267

Volatility of price indices for heterogeneous goods

Bocart, Fabian Y. R. P.; Hafner, Christian M. - 2012

Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional or private investors considering alternative investments in times of financial markets turmoil. Classical mean-variance analysis of alternative investments has been hampered by...

Persistent link: https://www.econbiz.de/10009540165

The validity of hedonic models for estimating heterogeneous assets returns

Kräussl, Roman; Lehnert, Thorsten; Nasser Eddine, Ali - 2019

In this paper, we examine the validity of hedonic models for estimating heterogeneous assets returns. We look into the art markets, and show that the returns on hedonic indices strictly depend on the specifications of the model. Different sets of variables lead to different returns. This means...

Persistent link: https://www.econbiz.de/10012064421

Estimating Technology in the Postal Sector : A Bayesian Approach

Baños-Pino, José - 2016

The aim of this article is to study the technology of the sector represented by the Spanish national post-office and telegraph service, Sociedad Estatal Correos y Telégrafos, S.A. trading as Correos, and denominated as such hereafter. Concretely, we analyse economic efficiency (technical and...

Persistent link: https://www.econbiz.de/10012991545

The Standard Errors of Persistence

Kelly, Morgan - 2019

in the distant past. However, alongside unusually high t statistics, these regressions display severe spatial … correlation between points, t statistics become severely inflated leading to significance levels that are in error by several … regressions more generally, might be treated with some caution in the absence of reported Moran statistics and noise simulations …

Persistent link: https://www.econbiz.de/10012869183

How Much Should We Trust Regression-Kink-Design Estimates?

Ando, Michihito - 2016

In a Regression Kink (RK) design with a finite sample, a confounding smooth nonlinear relationship between an assignment variable and an outcome variable around a threshold can be spuriously picked up as a kink and result in a biased estimate. In order to investigate how well RK designs handle...

Persistent link: https://www.econbiz.de/10013006936

How much should we trust Regression-Kink-Design estimates?

Ando, Michihito - 2013

Persistent link: https://www.econbiz.de/10010211390

Are Back-to-School Sales Tax Holidays Progressive or Regressive?

Lozano-Rojas, Felipe - 2019

Sales tax holidays are temporary suspensions of tax rates applicable to selected goods. In the United States, sales tax holidays are popular among states during “back-to-school” seasons for educational supplies and new clothing. One motivation for these policies is to provide state...

Persistent link: https://www.econbiz.de/10012869915

An examination of the role of costs in the allocation of Government outlays

O'Sullivan, Claire - 1991

Persistent link: https://www.econbiz.de/10000831080