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Now showing items 251-260 of 328
Do Values of Existing Home Sales Reflect Property Values?
(Vanderbilt University, 2001)
In many locales, the average price of existing home sales is used as an of indicator home prices. This information is then used to establish the value of the property for tax purposes. A simple example is presented here ...
Testing for a Unit Root against Transitional Autoregressive Models
(Vanderbilt University, 2005)
This paper considers the test of a unit root in transitional autoregressive models. In particular, we develop the asymptotic theory of the inf-t test for the null hypothesis of a unit root in a wide class of nonlinear ...
Memetics & Voting: How Nature May Make us Public Spirited
(Vanderbilt University, 2005)
We consider the classic puzzle of why people turn out for elections in substantial numbers even though formal analysis strongly suggests that rational agents would not vote. If one assumes that voters do not make systematic ...
Fiscal Discipline before and after EMU Permanent Weight Loss or Crash Diet?
(Vanderbilt University, 2005)
This paper studies the evolution of European fiscal policies and the attempts at budgetary consolidation through three periods: the pre-Maastricht phase (to 1991); the run up to monetary union (1992-97), and finally the ...
On Equilibrium in Pure Strategies in Games with Many Players
(Vanderbilt University, 2005)
Treating games of incomplete information with countable sets of actions and types and finite but large player sets we demonstrate that for every mixed strategy profile there is a pure strategy profile that is 'epsilon-equivalent'. ...
Behavioral Conformity in Games with Many Players
(Vanderbilt University, 2005)
In the literature of psychology and economics it is frequently observed that individuals tend to conform in their behavior to the behavior of similar individuals. A fundamental question is whether the outcome of such ...
Evaluating the Role of Brown vs. Board of Education in School Equalization, Desegregation, and the Income of African Americans
(Vanderbilt University, 2005)
In this paper we study the long-term labor market implications of school resource equalization before Brown and school desegregation after Brown. For cohorts born in the South in the 1920s and 1930s, we find that racial ...
On Purification of Equilibrium in Bayesian Games and Ex-Post Nash Equilibrium
(Vanderbilt University, 2005)
Kalai (2002) demonstrates that in semi anonymous Bayesian games with sufficiently many players any Bayesian equilibrium is approximately ex-post Nash. In this paper we demonstrate that the existence of an approximate expost ...
On Kolm's Use of Epistemic Counterfactuals in Social Choice Theory
(Vanderbilt University, 2005)
Serge Kolm's "epistemic counterfactual principle" says that a social choice only needs to be made from the actual feasible set of alternatives given the actual preference profile, but it must be justified by the choices ...
Open Scholarship and Research Universities
(Vanderbilt University, 2005)
Compare the cost per article for publication in commercial journals, not-profit journals, and open-access journals. For universities that support open-archives and open-access journal management software as part of standard ...