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Optimal Warranties Under Asymmetric Information, Linda Arlene Welling
Optimal Warranties Under Asymmetric Information, Linda Arlene Welling
Digitized Theses
When firms have private information on the quality of their own products, the warranty offered by a firm can convey information about product quality. Warranties also provide consumers with insurance should the product fail. Consumers face a trade-off: the desired insurance may not provide firms with incentives to reveal actual quality. In this thesis I derive price and refund schedules under which firms have no incentive to misrepresent quality, and characterize the price-refund-quality choice which maximizes expected utility when consumers have no source from which to infer quality other than prices and refunds.;The consumers' problem is described in a model …
General Equilibrium Analysis Of The Effects Of Multilateral And Canadian Trade Liberalization: I Multilateral Trade Liberalization Ii Canadian Trade Liberalization Iii Systematic Sensitivity Analysis Of Model Results, Randall Mark Wigle
Digitized Theses
The thesis is comprised of three essays which analyze trade liberalization on a multilateral basis and in the Canadian context. Essay I concerns multilateral liberalization, Essay II concerns Canadian liberalization, and Essay III presents extensive systematic sensitivity analysis of the results of Essays I and II.;The extension of short-run wage rigidities is found to markedly reduce the welfare gains from multilateral liberalization under some circumstances, while extending sector-specificity of capital has a much smaller impact on welfare and adjustment effects of multilateral liberalization.;In Essay II, Whalley's (1985) model of global trade is revised with the incorporation of economies-of-scale features, in …
Economic Performance In The Canadian Tomato Processing Industry, John Douglas Henderson
Economic Performance In The Canadian Tomato Processing Industry, John Douglas Henderson
Digitized Theses
The Canadian tomato processing industry is located almost entirely in Ontario because of that province's comparative advantage in growing them. By Ontario law, tomato sales by growers to processors have been carried out according to the regulations of the Ontario Vegetable Growers' Marketing Board since the late 1930's. The Board cannot set quotas nor can it unilaterally set price; rather, it specifies the rules for the negotiation between growers and processors of conditions of sale. As the name indicates, the Board represents the interests of growers and it is the purpose of this thesis to evaluate its impact on the …
A Visual Interactive Model For Corporate Cash Management, Drew Cunningham Parker
A Visual Interactive Model For Corporate Cash Management, Drew Cunningham Parker
Digitized Theses
The corporate cash management problem has been addressed extensively in the literature. Actual implementations, however, are scarce. After discussion of the reasons for these limited implementation successes with practising cash managers, a Visual Interactive (VI) Modeling approach was proposed. This approach attempted to integrate concepts from past VI Modeling applications, Decision Support Systems (DSS), and 'soft systems' theory. Visual Interactive Models (VIMs) have been credited by Operational Researchers with a strong implementation focus, but a general methodology for building VIMs did not exist. This thesis formalized a development approach for VIMs and evaluated the results based on a practising cash …
Single-Equation Errors-In-Variables Estimation Of Rational Expectations Models, Simon A. Power
Single-Equation Errors-In-Variables Estimation Of Rational Expectations Models, Simon A. Power
Digitized Theses
This thesis is concerned with the single-equation errors-in-variables estimation of rational expectations models. More specifically, we propose some new single-equation errors-in-variables estimators for a certain class of models which occur frequently in the macroeconomics literature. The asymptotic properties of these new estimators are derived and a Monte Carlo study is used to investigate the small sample performance of these new estimators relative to that of the existing errors-in-variables estimators and the single-equation substitution method estimator.;This Monte Carlo study is particularly useful in providing, as a by-product, the first small sample comparison of certain estimators used widely in the literature. An …
The Finite Sample Analysis Of Least Squares Estimators In Dynamic Econometric Models, Thomas Armstrong Peters
The Finite Sample Analysis Of Least Squares Estimators In Dynamic Econometric Models, Thomas Armstrong Peters
Digitized Theses
The least squares estimator of the autoregressive parameter, LS((gamma)), in a first-order stochastic difference equation with independent, identically distributed random innovations is known to be asymptotically unbiased, efficient and consistent (as T (--->) (INFIN) or (sigma) (--->) 0) under the proper model specification. Further, LS((gamma)) has a limiting normal distribution around the true parameter, (gamma), if the random innovations are drawn from a normal population. These properties are not observed, however, in sample sizes that are typical of economic time series.;This thesis analytically derives the exact bias and mean squared error (MSE) for LS((gamma)) and provides detailed numerical …