The Residual Earnings (RE) model has informed the capital market research over the last twenty years. To employ it in an empirical setting researchers commonly make extra assumptions about how future RE are related to and predicted by today's observed numbers. In this article, we show that the...

Using a unique panel dataset and a new model, this article investigates the dynamic effects of counterfeit sales on authentic-product price dynamics. We propose a Bayesian random-changepoint simultaneous equation model that simultaneously takes into account three important features in empirical...

The analysis of panel data with non-monotone nonresponse often relies on the critical and untestable assumption of ignorable missingness. It is important to assess the consequences of departures from the ignorability assumption. Non-monotone nonresponse, however, can often make such sensitivity...