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• On the value of competition in procurement auctions AI翻译
  作者：Compte, O; Jehiel, P
  作者单位：Centre National de la Recherche Scientifique (CNRS); Institut Polytechnique de Paris; Ecole des Ponts ParisTech; University of London; University College London
• Higher-order improvements of a computationally attractive k-step bootstrap for extremum estimators AI翻译
  作者：Andrews, DWK
  作者单位：Yale University
  摘要：This paper establishes the higher-order equivalence of the k-step bootstrap, introduced recently by Davidson and MacKinnon (1999), and the standard bootstrap. The k-step bootstrap is a very attractive alternative computationally to the standard bootstrap for statistics based on nonlinear extremum estimators, such as generalized method of moment and maximum likelihood estimators. The paper also extends results of Hall and Horowitz (1996) to provide new results regarding the higher-order improve...
• Is there a curse of dimensionality for contraction fixed points in the worst case? AI翻译
  作者：Rust, J; Traub, JF; Wozniakowski, H
  作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park; University of Warsaw; Columbia University
  摘要：This paper analyzes the complexity of the contraction fixed point problem: compute an epsilon-approximation to the fixed point V* = Gamma(V*) of a contraction mapping Gamma that maps a Banach space B-d of continuous functions of d variables into itself. We focus on quasi linear contractions where Gamma is a nonlinear functional of a finite number of conditional expectation operators. This class includes contractive Fredholm integral equations that arise in asset pricing applications and the co...
• An impossibility theorem concerning multilateral international comparison of volumes AI翻译
  作者：van Veelen, M
  作者单位：Vrije Universiteit Amsterdam; Vrije Universiteit Amsterdam; Tinbergen Institute
• Individual sense of justice: A utility representation AI翻译
  作者：Karni, E; Safra, Z
  作者单位：Johns Hopkins University; Tel Aviv University
  摘要：We present an axiomatic model depicting the choice behavior of a self-interest seeking moral individual over random allocation procedures. Individual preferences are decomposed into a self-interest component and a component representing the individual's moral value judgment. Each component has a distinct utility representation, and the preference relation depicting the choice behavior is representable by a real-valued function defined on the components utilities. The utility representing the s...