Now showing items 31-40 of 159
Heteroskedasticity and serial correlation in tests for rational expectations and/or simple market efficiency: A white-type approach
The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ...
AN OPTIMAL CONTROL APPROACH TO THE TAXATION OF EXHAUSTIBLE RESOURCES
The effects of taxes on the behavior of a profit maximizing firm which explores and produces an exhaustible resource, are analyzed in an optimal control framework. Specifically, a severance tax, a royalty, a profit tax and ...
LDC DEBT PROBLEMS AND DEBT RESCHEDULINGS (LOGIT, DISEQUILIBRIUM)
The first wave of debt reschedulings started in the early 1980s, when a number of African and small Latin American countries began to experience liquidity problems. The number of countries rescheduling their debt suddenly ...
Symbiotic transfer, arbitrage, and equilibrium
We lay a unified foundation for a theory of general equilibrium by proving the existence of an equilibrium for a grand model which covers all the well-known general equilibrium models under the convexity and continuity ...
EMPLOYMENT AND EFFICIENCY OF PRODUCTION OF SMALL-SCALE ENTERPRISES (ETHIOPIA, AFRICA)
This dissertation evaluates the importance of small-scale industries in providing employment and income in the economies of African countries. Data on small enterprises in Ethiopia is used to explore questions related to ...