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Multi-Sector Labour Market Search: Interactions Between Unemployment Duration And Sectoral Shocks, Paul A. Storer
Multi-Sector Labour Market Search: Interactions Between Unemployment Duration And Sectoral Shocks, Paul A. Storer
Digitized Theses
This thesis comprises five chapters which are all concerned with the general theme of sectoral shocks and unemployment duration. The first chapter motivates the issues addressed in the thesis by establishing their relevance and originality. The chapter begins by showing that the interaction between sectoral shocks and unemployment duration has largely been ignored in the sectoral shocks debate. The importance of unemployment duration at the theoretical level is demonstrated and data are presented to establish the empirical relevance of the theory.;The second chapter constructs and analyses a two-sector model of labour market search in which unemployment duration is an endogenous …
Sonata In Contracting, Lutz-Alexander Busch
Sonata In Contracting, Lutz-Alexander Busch
Digitized Theses
This thesis comprises two essays linked by their focus on problems in contracting and by their usage of game theory as the vehicle of analysis.;The first essay addresses the issue of how and why incomplete contracts might arise endogenously. It provides a model of contract formation that focuses on the differential bargaining power that is bestowed upon agents by the procedures implied by different contract settings. The model employs a multi-issue bargaining approach, and distinguishes between issue-by-issue bargaining, where issues are dealt with separately, and single-issue bargaining, where they are combined. Agents are free to bargain over the form of …
Trilogy On Trade Policy: Safeguards; Mfn; Multiproduct Firms, Donald D. Mountain
Trilogy On Trade Policy: Safeguards; Mfn; Multiproduct Firms, Donald D. Mountain
Digitized Theses
This thesis examines the effects of the imposition of trade restriction and promotion policies in a variety of frameworks. The first chapter provides an introduction. The second chapter is theoretical in nature and uses a general equilibrium model to compare the welfare effects of global trade restrictive measures to those of selective measures applied against particular countries. It is the thesis of Chapter 2 that on the grounds of economic efficiency, there is no blanket theoretical support for the MFN application of safeguards. Whether or not a safeguard action undertaken on an MFN basis is better for the world as …
Finite Sample Properties Of Two-Stage Estimators, Benjamin Kwok
Finite Sample Properties Of Two-Stage Estimators, Benjamin Kwok
Digitized Theses
This thesis is concerned with the finite sample properties of some of the most widely used two-stage estimators in econometrics. Specifically we examined the use of two-stage estimation in linear regression models with AR(1) errors and in linear regression models with unobservable expectations variables. These are organized into three chapters. In chapter 1, we considered the linear regression model with AR(1) errors and proposed a jack-knifed estimator which reduces the over-rejection problem associated with conventional estimators. In chapter 2, we examined three of the most widely studied expectations models. For each model finite sample properties of two-stage estimators are derived. …