of "hurriedly inaugurating" an "incomplete terminal" in March last for publicity on the eve of the general elections. At that time he had also laid the foundation stone for 15 other airport projects across the country. He was also accused of inaugurating an incomplete...
The pricing formula in the structural form modeling is based on the celebrated Black and Scholes (1973) framework and therefore, is easy to implement. As a salient feature of structural form modeling, default time turns out to be a predictable stopping time. In the reduced form approach, ...
This dissertation consists of three essays in behavioral economics. The first essay draws out the consequences of selective attention in a learning model. I show that selective attention may lead people to persistently fail to recognize important empirical regularities and make biased forecasts. In ...
Other papers have demonstrated that structural characteristics of hospitals, such as socioeconomic status of their population, impact ability of reduce readmission rates, but this paper shows that the formula used in calculating HRRP penalty affects hospitals based on characteristics entirely unrelated to ...
However, we also show that the degree of inefficiency is less severe when the formula relies on output shares. Consequently, we can claim that the recent shift by most states in the U.S. towards a FA that employs only sales shares constitutes a welfare improvement. However, there is still...
Their model provides a method of deriving an optimal nonlinear tax function for polluting firms in an imperfectly competitive industry under asymmetric information between firms and the regulator. They show that it is possible to devise an optimal uniform non-linear tax formula with only two pieces ...
Linton, O.B. (1991) "Edgeworth Approximation in Semiparametric Regression Models", PhD thesis, Department of Economics, UC Berkeley.LINTON, 0. B. (1991): "Edgeworth Approximation in Semiparametric Regression Models," Ph.D. Thesis, Department of Economics, UC Berkeley. (1992): "Edgeworth ...
Chapter 3 increases the complexity of the problem and tests the methodology in the context of multivariate regression analysis by recovering the Black-Scholes call option pricing formula with noise from simulated data. Chapter 4 makes a comparative classification analysis in a real mortgage data set....
Chapter 2 introduces the model, and provides a closed-form formula for players' equilibrium payoffs. This formula is used to compute aggregate expenditures, derive the effects of changes in contest structure, and analyze player participation. Chapter 3 describes an algorithm for computing the unique...
EconomicsThe first chapter in my doctoral dissertation is co-authored with my advisor and it has been published in the Journal of Risk and Financial Management, August 2021. This paper applied the formula for user cost price of money and the recently developed credit-card-augmented Divisia ...