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作者：Barrett, GF; Donald, SG
作者单位：University of New South Wales Sydney; University of Texas System; University of Texas Austin
摘要：Methods are proposed for testing stochastic dominance of any pre-specified order, with primary-interest in the distributions of income. We consider consistent tests, that are similar to Kolmogorov-Smirnov tests, of the complete set of restrictions that relate to the various forms of stochastic dominance. For such tests, in the case of tests for stochastic dominance beyond first order, we propose and justify a variety of approaches to inference based on simulation and the bootstrap. We compare ...
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作者：Prat, A; Rustichini, A
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of Minnesota System; University of Minnesota Twin Cities
摘要：We introduce a game of complete information with multiple principals and multiple common agents. Each agent makes a decision that can affect the payoffs of all principals. Each principal offers monetary transfers to each agent conditional on the action taken by the agent. We characterize pure-strategy equilibria and we provide conditions-in terms of game balancedness-for the existence of an equilibrium with an efficient outcome. Games played through agents display a type of strategic inefficie...
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作者：Benaïm, M; Weibull, JW
作者单位：CY Cergy Paris Universite; Boston University
摘要：This paper provides deterministic approximation results for stochastic processes that arise when finite populations recurrently play finite games. The processes are Markov chains, and the approximation is defined in continuous time as a system of ordinary differential equations of the type studied in evolutionary game theory. We establish precise connections between the long-run behavior of the discrete stochastic process, for large populations, and its deterministic flow approximation. In par...
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作者：Geweke, J; Gowrisankaran, G; Town, RJ
作者单位：University of Iowa; University of Iowa; Harvard University; National Bureau of Economic Research; University of Minnesota System; University of Minnesota Twin Cities
摘要：This paper develops new econometric methods to infer hospital quality in a model with discrete dependent variables and nonrandom selection. Mortality rates in patient discharge records are widely used to infer hospital quality. However, hospital admission is not random and some hospitals may attract patients with greater unobserved severity of illness than others. In this situation the assumption of random admission leads to spurious inference about hospital quality. This study controls for ho...
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作者：Gilboa, I; Schmeidler, D
作者单位：Tel Aviv University; Tel Aviv University; Yale University; Tel Aviv University; University System of Ohio; Ohio State University
摘要：A predictor is asked to rank eventualities according to their plausibility, based on past cases. We assume that she can form a ranking given any memory that consists of finitely many past cases. Mild consistency requirements on these rankings imply that they have a numerical representation via a matrix assigning numbers to eventuality-case pairs, as follows. Given a memory, each eventuality is ranked according to the sum of the numbers in its row, over cases in memory. The number attached to a...
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作者：Blundell, RW; Browning, M; Crawford, IA
作者单位：University of London; University College London; University of London; London School Economics & Political Science
摘要：This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on indifference surfaces and welfare measures are derived using an algorithm for which revealed preference conditions are shown to guarantee convergence. Nonparametric Engel curves are used to estimate expansion paths and provide a stochastic structure within whic...
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作者：Krusell, P; Smith, AA Jr
作者单位：University of Rochester; Carnegie Mellon University
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作者：Sharma, T
作者单位：Instituto Tecnologico Autonomo de Mexico
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作者：Paparoditis, E; Politis, DN
作者单位：University of Cyprus; University of California System; University of California San Diego
摘要：A nonparametric, residual-based block bootstrap procedure is proposed in the context of testing for integrated (unit root) time series. The resampling procedure is based on weak assumptions on the dependence structure of the stationary process driving the random walk and successfully generates unit root integrated pseudo-series retaining the important characteristics of the data. It is more general than previous bootstrap approaches to the unit root problem in that it allows for a very wide cl...
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作者：Chesher, A
作者单位：University of London; London School Economics & Political Science; University College London; University of London; University College London
摘要：Weak nonparametric restrictions are developed, sufficient to identify the values of derivatives of structural functions in which latent random variables are nonseparable. These derivatives can exhibit stochastic variation. In a microeconometric context this allows the impact of a policy intervention, as measured by the value of a structural derivative, to vary across people who are identical as measured by covariates. When the restrictions are satisfied quantiles of the distribution of a polic...
