Search results for " selection"
showing 10 items of 1271 documents
¿SE PUEDE MEDIR LA NEGOCIACIÓN INFORMADA?: UNA REVISIÓN DE LA METODOLOGÍA BASADA EN LAS COVARIANZAS DE LAS SERIES DE PRECIOS
2009
RESUMENEl desarrollo en los modelos teóricos de microestructura ha motivado la aparición de un grupo de trabajos encaminado al estudio empírico de los costes de transacción y sus componentes dada la importancia que han tenido los mismos en el estudio del funcionamiento de los mercados y la comparación entre éstos así como sus numerosas aplicaciones en campos afines (finanzas corporativas, eficiencia de los mercados, etc.). Por otra parte, la contrastación empírica de los distintos modelos establecidos muestra resultados claramente dispares. Por ello, el objetivo de nuestro trabajo es analizar con detalle y en conjunto dichos modelos centrándonos en un grupo con características muy similares…
Why Finnish polytechnics reject top applicants
2019
I use a panel of higher education clearinghouse data to study the centralized assignment of applicants to Finnish polytechnics. Many top applicants remain completely unassigned each year. The same applicants' future applications reveal that many of them should have been admitted to a different program immediately. The application system, however, discourages applicants from applying to multiple programs within the same year, while at the same time leaving them in the dark on the set of programs willing to admit them. Improvements to the application system have the potential to substantially reduce reapplications, thereby shortening long queues into Finnish higher education. peerReviewed
Crowding-out effect and sorting in competitive labour markets with motivated workers
2018
ABSTRACTThis article makes a contribution to the economics literature by inducing proper self-selection into contracts based on workers’ motivation. The novelty of our results is that it points out the alternative potential role of the crowding-out effect to separate workers based on their motivation.
WEIGHTED-AVERAGE LEAST SQUARES (WALS): A SURVEY
2014
Model averaging has become a popular method of estimation, following increasing evidence that model selection and estimation should be treated as one joint procedure. Weighted- average least squares (WALS) is a recent model-average approach, which takes an intermediate position between frequentist and Bayesian methods, allows a credible treatment of ignorance, and is extremely fast to compute. We review the theory of WALS and discuss extensions and applications.
Multiproduct trading with a common agent under complete information: Existence and characterization of Nash equilibrium
2014
This paper focuses on oligopolistic markets in which indivisible goods are sold by multiproduct firms to a continuum of homogeneous buyers, with measure normalized to one, who have preferences over bundles of products. Our analysis contributes to the literature on private, delegated agency games with complete information, extending the insights by Chiesa and Denicolò (2009) to multiproduct markets with indivisibilities and where the agent's preferences need not be monotone. By analyzing a kind of extended contract schedules -mixed bundling prices- that discriminate on exclusivity, the paper shows that efficient equilibria always exist in such settings. There may also exist inefficient equil…
DETECTING VOLCANIC ERUPTIONS IN TEMPERATURE RECONSTRUCTIONS BY DESIGNED BREAK-INDICATOR SATURATION
2016
We present a methodology for detecting breaks at any point in time-series regression models using an indicator saturation approach, applied here to modelling climate change. Building on recent developments in econometric model selection for more variables than observations, we saturate a regression model with a full set of designed break functions. By selecting over these break functions using an extended general-to-specific algorithm, we obtain unbiased estimates of the break date and magnitude. Monte Carlo simulations confirm the approximate properties of the approach. We assess the methodology by detecting volcanic eruptions in a time series of Northern Hemisphere mean temperature spanni…
Preference, Rationality and Interindividual Variation: The Persisting Debate About Female Choice
2015
Contemporary research on sexual selection remains deeply influenced by the controversy between Charles Darwin and Alfred Russel Wallace about the true nature and importance of female choice. After briefly reviewing the main points of disagreement between the two famous evolutionists, I discuss some methodological issues relevant to the contemporary study of female choice. I first use some recent controversy about sexual selection in the Indian Peafowl, Pavo cristatus, to illustrate several recurring problems and shortcomings in the empirical study of female preference for male characters. I then address the empirical evidence for rationality in female choice, and discuss how the recently em…
Energy Efficient Resource Allocation for OFDMA Two-Way Relay Networks with Channel Estimation Error
2015
In this work, we consider the practical issues of resource allocation problem in OFDMA two-way relay networks: the inaccuracy of channel-state information (CSI) available to the transmitters. Instead, only the estimated channel status is known by the transmitters. In this context, a joint optimization of subcarrier pairing and allocation, relay selection and transmit power allocation is formulated in the OFDMA two-way amplify-and-forward relay networks. Moreover, to ensure the Quality of Service (QoS) requirement, the energy consumption must be minimized without compromising the QoS. Therefore, by applying convex optimization techniques, energy efficient algorithms are developed with the ob…
Tuning Decision Support Toolsfor Environmentally Friendly Manufacturing Approach Selection
2017
Awareness about the environmental performance of manufacturing approaches has arisen. Comparative analyses of different manufacturing approaches as well as decision support methods should be developed in the field of metal shaping processes. The present paper aims at tuning a decision support tool for identifying when mass conserving approaches (forming based) are actually preferable over machining processes for manufacturing aluminum based components. A full LCA is developed for comparing the environmental performance of forming and machining approaches as the batch size and geometry complexity hang. The impact of the used metric on the comparative results is analyzed. Results reveal that …
Variable Selection in Predictive MIDAS Models
2014
In short-term forecasting, it is essential to take into account all available information on the current state of the economic activity. Yet, the fact that various time series are sampled at different frequencies prevents an efficient use of available data. In this respect, the Mixed-Data Sampling (MIDAS) model has proved to outperform existing tools by combining data series of different frequencies. However, major issues remain regarding the choice of explanatory variables. The paper first addresses this point by developing MIDAS based dimension reduction techniques and by introducing two novel approaches based on either a method of penalized variable selection or Bayesian stochastic searc…