This paper proposes a semiparametric estimator for spatial autoregressive (SAR) binary choice models in the context of panel data with fixed effects. The estimation procedure is based on the observational equivalence between distribution free models with a conditional median restriction and...

This paper shows that the Conditional Quantile Treatment Effect on the Treated can be identified using a combination of: (i) a conditional Distributional Difference in Differences assumption and, (ii) an assumption on the conditional dependence between the change in untreated potential outcomes...

In the literature on Sen's capability approach, studies focussing on the empirical measurement of conversion factors are comparatively rare. We add to this field by adopting a measure of 'conversion efficiency' that captures the efficiency with which individuals convert their re-sources into...

Anything that deviates from the normal is termed as risk. This definition looks simple but in real sense breaking it down into components is the most difficult thing. Analysis of what is “normal” and what is “abnormal” and also the measure for deviation is what researchers are exploring...

In the literature on Sen’s capability approach, studies focussing on the empirical measurement of conversion factors are comparatively rare. We add to this field by adopting a measure of “conversion efficiency” that captures the efficiency with which individuals convert their re-sources...

In the literature on Sen's capability approach, studies focussing on the empirical measurement of conversion factors are comparatively rare. We add to this field by adopting a measure of quot;conversion efficiencyquot; that captures the efficiency with which individuals convert their resources...

We analyse overall cost efficiency in Spanish local governments during the crisis period (2008-2015). To this end, we first consider some of the most popular nonparametric methods to evaluate local government efficiency, data envelopment analysis and free disposal hull, as well as recent...

Using the capital asset pricing model, this article critically assesses the relative importance of computing 'realized' betas from high-frequency returns for Bitcoin and Ethereum-the two major cryptocurrencies-against their classic counterparts using the 1-day and 5-day return-based betas. The...