The aim of this paper is to accommodating the existing affine jump- diffusion and quadratic models under the same roof, namely the linear-quadratic jump-diffusion (LQJD) class.

The aim of this paper is to compare various real estate valuation models and the manner in which they take into account environmental variables.

Die Arbeit untersucht die Verwendung von Pseudo-Residuen zur Beurteilung der Anpassungsgüte von stochastischen Modellen ...

In this paper we develop a structural equation model with latent variables in an ordinal setting which allows us to test broker-dealer predictive ability of financial market movements. We use a multivariate logit model in a latent factor framework, develop a tractable estimator based on a...

The paper presents a linear model of product quality in scientific competition.The only outputs of research are published papers; the onlyinputs are labor and papers by other researchers, which are cited whenused. Researchers compete for status, measured as their rank in a citationscount. If...

Our paper addresses the correction of the aggregation bias in linear rational expectations modelswhen there is some unobserved micro-parameter heterogeneity and only macro data are available.Starting from Lewbel (1994), we propose two new consistent estimators, which rely on aexible parametric...