This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its underlying assumptions created the underpinning of much of modern financial theory. The author shows tha…
This book discusses the problem of model choice when the statistical models are separate, also called nonnested. Chapter 1 provides an introduction, motivating examples and a general overview of the problem. Chapter 2 presents the classical or frequentist approach to the problem as well as several alternative procedures and their properties. Chapter 3 explores the Bayesian approach, the limitat…
How does the current labour market training system function and whose interests does it serve? In this introductory textbook, Bob Barnetson wades into the debate between workers and employers, and governments and economists to investigate the ways in which labour power is produced and reproduced in Canadian society. After sifting through the facts and interpretations of social scientists and go…
This comprehensive and clearly structured book presents essential information on modern Location Science. The book is divided into three parts: basic concepts, advanced concepts and applications. Written by the most respected specialists in the field and thoroughly reviewed by the editors, it first lays out the fundamental problems in Location Science and provides the reader with basic backgrou…
This monograph provides a detailed analysis on fair queueing rules from a normative, a strategic, and a non-cooperative viewpoint. The queueing problem is concerned with the following situation: There is a group of agents who must be served in a facility. The facility can handle only one agent at a time and agents incur waiting costs. The problem is to find the order in which to serve agents an…
This book is mainly about the examination of shifting in the field of ecological economics resulting from its evolution over the past three decades. It discusses the theory and methodology of ecological economics and development of ecological economics and related policies. It also analyzes the empirical study of ecological economics and the value of and compensation for ecological system servi…
This book provides advanced theoretical and applied tools for the implementation of modern micro-econometric techniques in evidence-based program evaluation for the social sciences. The author presents a comprehensive toolbox for designing rigorous and effective ex-post program evaluation using the statistical software package Stata. For each method, a statistical presentation is developed, fol…
Econometrics of Risk
The main focus of this edited volume is an examination of dynamic relationships among Japan, Taiwan, Korea, and the northeastern region of China, and the economic development of each area in East Asia from the 1910s to the end of World War II. The development of foreign trade in East Asia, the relations between industrialization and consumption in Korea, the transactions in fertilizers and the …
This book focuses on the analysis of liability rules of tort law from an efficiency perspective, presenting a comprehensive analysis of these rules in a self-contained and rigorous yet accessible manner. It establishes general results on the efficiency of liability rules, including complete characterizations of efficient liability rules and efficient incremental liability rules. The book also e…