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Social and Behavioral Sciences Commons

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Economics

Western Michigan University

Dissertations

2008

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Full-Text Articles in Social and Behavioral Sciences

Three Essays On Computer And Internet Use At Home, Tadesse Biru Wodajo Dec 2008

Three Essays On Computer And Internet Use At Home, Tadesse Biru Wodajo

Dissertations

This dissertation consists of three essays on computer and Internet (CI) use in the United States households. Surveys show that the adoption and use of these two technologies at home have been steadily increasing over time. In addition to providing information regarding the use of CI at home, the essays seek to address a number of issues.

The first essay investigates the factors that determine the probability of owning a home CI and those influencing the intensity of use by employing the double-hurdle model. The double-hurdle estimation reveals that the use of a home CI is governed by two distinct …


Essays On Asymmetric Loss And Learning In Macroeconomic Forecasting, Sagarika Mishra Aug 2008

Essays On Asymmetric Loss And Learning In Macroeconomic Forecasting, Sagarika Mishra

Dissertations

My dissertation consists of three essays that answer the questions whether agents have asymmetric loss, why agents have asymmetric loss and whether agents engage in least squares learning.

In my first essay, I test the rationality of inflation forecasts from the Livingston survey using the Mincer-Zarnowitz (MZ) regression when agents have asymmetric loss. I show that the MZ regression is inappropriate when agents have asymmetric loss. I demonstrate how the MZ regression can be suitably modified to test forecast rationality when agents have asymmetric loss. When I augment the MZ regression with higher order moments of the forecasts, the rationality …