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Now showing items 101-106 of 106
p-Value Adjustments for Asymptotic Control of the Generalized Familywise Error Rate
(Vanderbilt University, 2009)
This paper introduces a computationally efficient bootstrap procedure for obtaining multiplicity-adjusted p-values in situations where multiple hypotheses are tested simultaneously. This new testing procedure accounts for ...
Liquidity Premium and International Seigniorage Payments
(Vanderbilt University, 2009)
Why do people hold dollar denominated assets when higher rate of return alternatives are available? Can a country collect seigniorage payments from other countries in the long run? Does the supplier of the international ...
Rigidity, Dispersion and Discreteness in Chain Prices
(Vanderbilt University, 2009)
This paper studies price setting within a chain of grocery stores, using a scanner database that contains observations of retail prices for 435 products within 75 stores over 121 weeks. We find price dispersion within the ...
Is the WTO's Article XXIV Bad?
(Vanderbilt University, 2009)
This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article ...
The Partnered Core of a Game with Side Payments
(Vanderbilt University, 2009)
An outcome of a game is partnered if there are no asymmetric dependencies between any two players. For a cooperative game, a payoff is in the partnered core of the game if it is partnered, feasible and cannot be improved ...
Optimim Tariffs and Retaliation: How Country Numbers Matter
(Vanderbilt University, 2009)
This paper identifies a new terms-of-trade externality that is exercised through tariff setting. A North-South model of international trade is introduced in which the number of countries in each region can be varied. As ...