This paper studies dynamic programming for quantile preference models, in which the agent maximizes the stream of the future τ-quantile utilities, for τ ∈ (0,1). We suggest numerical methods, based on value function iterations, for solving the quantile recursive dynamic programming, and...

A new Stata command, xtsktest, is proposed to explore non-normalities in linear panel data models. The tests explore skewness and excess kurtosis allowing researchers to identify departures away from gaussianity in both error components of a standard panel regression, separately or jointly. The...