Biltoki;;Biltoki: Recent submissions
Now showing items 17-20 of 105
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Transboundary Externalities in the Environmental Transition Hypothesis
(1999-01)The Environmental Kuznets Curve (EKC) is a hypothesis which implies that it is possible to "grow out of environmental degradation." Most theoretical models of the EKC relation have not accounted for transboundary and ... -
Finite sample behavior of two step estimators in selection models
(1999-04)The problem of specification errors in sample selection models has received considerable attention both theoretically and empirically. However, very few is known about the finite sample behavior of two step estimators. In ... -
Fishing Technology and Optimal Distribution of Harvest Rates
(1999-06)In this paper we analyze the optimal management of a joint ownership fishery exploitation model where agents use different fishing gears. As opposed to other works, we consider a model in which the fishing technology affects ... -
A Semiparametric Estimation of Liquidity Effects on Option Pricing
(1999-09)This paper proposes a semiparametric option pricing model with liquidity, as proxied by the relative bid-ask spread. The nonparametric volatility function with liquidity as an explanatory variable is estimated using the ...