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作者：MANDY, DM; MARTINSFILHO, C
作者单位：University of Tennessee System; University of Tennessee Knoxville; Oregon State University
摘要：Asymptotic equivalence of Aitken and feasible Aitken estimators in linear models with nonscalar identity error covariance matrices is usually established in a tedious case-by-case manner. Some general sufficient conditions for this equivalence exist, but there are problems with the extant conditions. These problems are discussed, and new widely applicable sufficient conditions are presented and applied to a variety of error structures.
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作者：FEENSTRA, RC; MARKUSEN, JR
作者单位：University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research
摘要：This paper examines the aggregate production function in an economy characterized by the creation of new, intermediate inputs. We show how growth can be decomposed into changes in higher quantities of existing inputs, and a greater range of inputs. Indexes of total factor productivity would reflect the latter. We also construct a dynamic monopolistic-competition model in which products are endogenously introduced, and simulate that model to produce artificial data. When used in standard growth...
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作者：CHANG, CH; LEE, CWJ
作者单位：Tulane University; Hong Kong University of Science & Technology
摘要：This paper studies the optimal pricing scheme for a monopolistic marketing research consultant who sells high-cost proprietary marketing information to her oligopolistic clients in the manufacturing industry. In designing an optimal pricing strategy, the consultant needs to fully consider the behavior of her clients, the behavior of the existing and potential competitors to her clients and the behavior of her clients' customers. We show how the environment uncertainty, the capability of client...
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作者：HARTLEY, PR
作者单位：Australian National University
摘要：When households face credit constraints in an economy with inside as well as outside money stationary equilibrium real interest rates are below the household rate of time preference. They also depend significantly upon household risk aversion, the demand for inside versus outside money, bank costs, bank reserves, inflation, and the marginal productivity of capital and capital depreciation rates. In addition, changes in financial variables affect per capita capital and output to a greater exten...
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作者：BEETSMA, RMWJ; VANDERPLOEG, F
作者单位：University of Amsterdam
摘要：We document an empirical puzzle for EMS exchange rates during a period in which the bands on these exchanges rates were (almost) credible, i.e. exchange mte distributions are hump-shaped rather than U-shaped as predicted by the standard target zone model. We offer an explanation of this puzzle which is based on the combination of two realistic features, namely the presence of intramarginal interventions and wage/price sluggishness.
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作者：BISHOP, JA; CHOW, KV; FORMBY, JP
作者单位：University of North Carolina; East Carolina University; West Virginia University; University of Alabama System; University of Alabama Birmingham
摘要：Asymptotically distribution free statistical tests for comparing absolute and relative Lorenz and concentration curves are provided. The procedures do not require independent samples and can be used to test for marginal changes in income distributions. The tests are illustrated using a large sample of tax returns that have been randomly selected for audit by the Internal Revenue Service. The tests reveal the marginal effects of systematic underreporting of income and tax liabilities on the U.S...
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作者：RIORDAN, MH; STAIGER, RW
作者单位：Stanford University; National Bureau of Economic Research
摘要：When current employers have more information about worker quality than do potential employers, sectoral shocks cause structural unemployment. That is, some workers laid off from an injured sector remain unemployed despite the fact that they are of sufficient quality to be productively employed in an expanding sector at the prevailing wage. Moreover, sectoral unemployment rates are not monotonic in the severity of sectoral shocks due to the interaction of layoff activity and hiring activity. Fi...
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作者：DICKENS, WT; LUNDBERG, SJ
作者单位：University of Washington; University of Washington Seattle
摘要：We estimate a labor supply model that permits hours restrictions of a simple but general form. Each individual chooses from among a finite set of jobs drawn at random from a market distribution, each offering a fixed quantity of hours. The polar cases of no constraints on hours worked and exogenous hours are nested within the general case. Our results are consistent with a substantial amount of rationing in the work hours of a sample of low-income men, most of whom are working less than they w...
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作者：KEMP, MC; LONG, NV; SHIMOMURA, K
作者单位：McGill University; Australian National University; Kobe University
摘要：Consider the optimal time path of a tax on capital income the proceeds of which are transferred to labour in a lump sum. It is known from earlier open-loop formulations that, if the optimal rate of tax converges to a point, it converges to zero, implying that, in the long run, a tax on capital income can do nothing for social welfare. It is now shown that the optimal rate of tax need not converge to zero and, in the case of feedback formulations, that it may converge to a positive or negative ...
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作者：DRISKILL, RA; MARK, NC; SHEFFRIN, SM
作者单位：University of California System; University of California Davis
