The aim of this paper is to contribute to the understanding of the behavior of participation rates in terms of gender differences. We employed smooth autoregressive transition models for the quarterly Turkish labor force participation rates (LFPR) data between 2000: Q1-2011: Q4 to present an...

This paper explores the buyer-optimal information structures in a monopolistic screening context with nonlinear production technology. It shows that the buyer's optimal surplus may increase even when the production cost becomes more uncertain or when the efficient surplus decreases. Under a...

Recent empirical studies suggest that the negative effects of uncertainty shocks are stronger in recessions than during booms. In this study, I provide a theoretical mechanism that can explain this empirical observation. I start from the argument that the effect of uncertainty on investment...

In this paper, we consider a semiparametric single index panel data model with cross-sectional dependence, high-dimensionality and stationarity. Meanwhile, we allow fixed effects to be correlated with the regressors to capture unobservable heterogeneity. Under a general spatial error dependence...

We propose a new methodology of assessing the effects of individual institution's risk on the others and on the system as a whole. We build upon the Conditional Value-at-Risk approach, however, we introduce the explicit Granger causal linkages and we account for possible nonlinearities in the...

Reservoir computing is a recently introduced machine learning paradigm that has already shown excellent performances in the processing of empirical data. We study a particular kind of reservoir computers called time-delay reservoirs that are constructed out of the sampling of the solution of a...

We introduce a variant of the smooth transition autoregression - the GSTAR model - capable to parametrize the asymmetry in the tails of the transition equation by using a particular generalization of the logistic function. A General-to-Specific modelling strategy is discussed in detail, with...

We study a symmetric nonlinear eigenvalue problem arising in earthquake initiation and we establish the existence of infinitely many solutions. Under the effect of an arbitrary perturbation, we prove that the number of solutions becomes greater and greater if the perturbation tends to zero with...