The new distribution class, Asymmetric Exponential Power Distribution (AEPD), proposed in this paper generalizes the class of Skewed Exponential Power Distributions (SEPD) in a way that in addition to skewness introduces di¤erent decay rates of density in the left and right tails. Our...

This paper investigates the effects caused by immigration on a host country. Using 2- factor and 2-good model where one of the good is non-traded, we show that if the non- traded good is labour (capital) intensive, then: (a)the inflow of foreign workers lowers (raises) the relative price of the...

Extensions are presented to the results of Davidson and Duclos (2007), whereby the null hypothesis of restricted stochastic non dominance can be tested by both asymptotic and bootstrap tests, the latter having considerably better properties as regards both size and power. In this paper, the...

We construct consumer price indices for Canada, mainly based on the expenditure records of Canada's federal penitentiaries. Regional price variation was much greater in Canada in the late nineteenth century than in the northern U.S. The new data suggest substantial price decline to 1900....

The domestic United States Postal Money Order System was established in 1864 to allow Union soldiers to send money home to their relatives and to reduce the risks of sending cash through the mails. By the late 1800s, this system had become a major means of conveying smaller (less than $100) sums...