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  • Boone,, Jan; Chen, Roy; Goeree, Jacob; Polydoro, Angelo (Springer Verlag, 2009)
    Procurement auctions carry substantial risk when the value of the project is highly uncertain and known only to insiders. This paper reports the results from a series of experiments comparing the performance of three auction ...
  • Nguyen, Pascal (Economics Bulletin, 2013)
    Divestitures have the potential to create shareholder value. However, the magnitude of the wealth effect depends on the likelihood of finding more valuable uses for the divested assets and the seller's ability to eliminate ...
  • Keane, Michael; Wolpin, Kenneth (Wiley-Blackwell, 2010)
    Using data from the NLSY79, we structurally estimate a dynamic model of the life cycle decisions of young women. The women make sequential joint decisions about school attendance, work, marriage, fertility, and welfare ...
  • Ellis, Randall; Savage, Elizabeth (Springer, 2008)
    Between 1997 and 2000 the Australian government introduced three policy reforms that aimed to increase private health insurance coverage and reduce public hospital demand. The first provided income-based tax incentives; ...
  • Arana Padilla, Jorge; Leon, Carmelo (Routledge Journals, Taylor & Francis Ltd, 2012)
    The valuation of environmental risks is commonly approached with the utilization of stated preference methods such as contingent valuation. In these methods, money is utilized as the scale that reflects the individual's ...
  • Lee, Julie; Soutar, Geoffrey; Daly, Timothy; Louviere, Jordan (Sage, 2011)
    People differ in the importance they place on values. However, most research has selected a few values and examined their relationships with one or more variable(s) of interest. The current research differs as it examined ...
  • Menzies, Gordon; Hay, Donald (Blackwell Publishing Ltd, 2012)
    The paper notes the findings of a panel survey in the USA to motivate a framework to model altruistic behaviour by members of faith communities. We posit an internal tension within agents to be oriented to self or to ...
  • Bajada, Christopher; Schneider, Friedrich (Blackwell Publishing, 2005)
    Despite continuous government attempts to increase taxpayer compliance, the shadow economy continues to offer a way for taxpayers to evade their taxpaying obligations. The consequences are clear: policy-makers have ...
  • Bendall, Helen; Stent, Alan F (Palgrave Macmillan Ltd., 2005)
  • Pagan, Adrian; Volker, P. (Wiley-Blackwell, 1981)
    A characteristic of much research in monetary economics in the last few years has been a preoccupation with the stability of the demand for money function, as failure of stability undermines some of the central features ...
  • Carland, J; Pagan, Adrian (Wiley, 1979)
    Few models of the Japanese wool textile industry have been constructed, despite the importance of the Japanese as the largest purchasers of Australian wool on a single-country basis. This paper constructs a twenty-five ...
  • Kecmanovic, Milica (Sage Publications, Inc., 2013)
    The recent war in Croatia (1991?1995) has had numerous adverse affects on the country and the economy as a whole. This article investigates the effect that the war had on the educational, employment, and earnings trajectories ...
  • Breusch, T. S.; Pagan, Adrian (Wiley-Blackwell, 1979)
    A simple test for heteroscedastic disturbances in a linear regression model is developed using the framework of the Lagrangian multiplier test. For a wide range of heteroscedastic and random coefficient specifications, the ...
  • Keane, Michael (Wiley-Blackwell Publishing, Inc, 2009)
    I describe a strategy for structural estimation that uses simulated maximum likelihood (SML) to estimate the structural parameters appearing in a model's first-order conditions (FOCs). Generalized method of moments (GMM) ...
  • Putnins, Talis; Sauka, A (Eurobaltic Centres Excellence, 2011)
    This study develops and estimates an index of the size of shadow economies in Estonia, Latvia and Lithuania, and analyses the factors that influence participation in the shadow sector. The index can be used to track shadow ...
  • Geweke, John; Keane, Michael (Elsevier Science Publishers B.V., 2007)
    This paper extends the conventional Bayesian mixture of normals model by permitting state probabilities to depend on observed covariates. The dependence is captured by a simple multinomial probit model. A conventional and ...
  • Keane, Michael; Stavrunova, Olena (John Wiley & Sons Ltd, 2011)
    This paper develops a smooth mixture of Tobits (SMTobit) model for healthcare expenditure. The model is a generalization of the smoothly mixing regressions framework of Geweke and Keane (J Econometrics 2007; 138: 257?290) ...
  • Di Guilmi, Corrado; Clementi, F; Di Matteo, Tiziana; Gallegati, Mauro (Springer, 2008)
    This paper uses firm-level data recorded in the Amadeus database to investigate the distribution of labour productivity in different European countries. We find that the upper tail of the empirical productivity distributions ...
  • Pagan, Adrian (Elsevier, 1979)
    This note demonstrates that LIML can be formulated as Zellner's SUR estimator. The result provides an analytic formula for LIML and its derived reduced form estimator, expresses LIML as the sum of 2SLS and a correction ...
  • Pagan, Adrian (Elsevier Science Publishers B.V., 1980)
    Although various theoretical and applied papers have appeared in recent years concerned with the estimation and use of regression models with stochastically varying coefficients, little is available in the literature on ...