The Interest in Understanding Inventory Behavior Is Great; Yet Econometric Results Are Not Impressive, and the Most Widely Used Theoretical Model Has Been Rejected by Several Studies. the Paper Reconsiders Some Simple But Important Features of the Data. the Findings Do Not Correspond to What Is...

This Article Investigates the Practice of Experience Rating by Insurance Companies in the Presence of Symmetric Information Between the Insured and the Insurer. Experience Rating Is Treated As the Acquisition of Information by Both Parties to the Insurance Contract. When the Insured Buys...

This paper prepared for the Handbook of Statistics (Vol.14: "Statistical Methods in Finance"), surveys the subject of stochastic volatility. the following subjects are covered: volatility in financial markets (instantaneous volatility of asset returns, implied volatilities in option prices and...

Dans Ce Cahier Nous Debutons Par un Examen de L'evolution Recente(Depuis 1975) des 'Flux D'investissement' et de Commerce Entre le Canada, les Communautes Europeennes et les Etats-Unis. Nous Examinons Ensuite les Articles du Projet D'accord de Libre-Echange Entre le Canada et les Etats-Unis les...

Several Authors Have Discussed Recently the Limited Dependent Variable Regression Model with Serial Correlation Between Residuals. the Pseudo-Maximum Likelihood Estimators Obtained by Ignoring Serial Correlation Altogether, Have Been Shown to Be Consistent. We Present Alternative Pseudo-Maximum...